- For the year 2015-16 GMADA New Housing Scheme at Mohali
The Greater Mohali Area Development Authority (GMADA) has proposed to launch a new reasonably priced housing scheme for the year 2015-16, at Mohali.
The GMADA housing scheme project has launched under the land-pooling scheme. The total project cost has been decided around Rs 3,400 crore, which will also include development work in the town which has been decided worth Rs 1,800 crore.
According to the sources, A K Sinha, chief administrator, GMADA, said, “We have new scheme to be launched in Sector 88 and also allotment of new plots or flats at Eco City under phase II are the two major residential projects scheduled to be completed in 2015-16.”
The Greater Mohali authorities had already acquired 220 acres in sectors 90 and 91 and where they have planned to construct around 800 residential plots and there are two housing projects coming up in Sectors 66 and 70.
The GMADA had already acquired land measuring 600 acres in Sectors 88 and 89 under the land polling project. Two BHK and 3BHK flats in sectors 66 and 70 were also on the cards.
“The GMADA perfectly know that property rates are low but they not going to be permanent, and there are many people who are approaching private builders to have their own house or flats and we are offering the same and that too in much more affordable price,” said Sinha.
I have just read the whole blog and it seems to be very informative. So, thanks for sharing the new housing scheme for the residential flats in Mohali.
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