GMADA Offers Plots in Eco City, Chandigarh
The Greater Mohali Area Development Authority (GMADA) is offering 289 residential plots at Eco City-2 in the foothills of Shivaliks at New Chandigarh at the price of Rs 25,000 per square yard. Plots being offered are of 200 square yards, 300 square yards, 400 square yards, 450 square yards, 500 square yards, 1,000 square yards and 2,000 square yards size. The scheme is receiving good response as a large number of queries are being received from interested aspirants. The scheme was open to all general category residents of the country (except persons settled abroad) who would attain the age of 18 on the last date of applying for the scheme. Preference in allotment had been provisioned for senior citizens followed by women applicants. Once the list of these applicants was exhausted, others should be considered for allotment. The benefit under various reserve categories and preferential category would be extended to those residents of the state who themselves or their spouse do not possess any plot/house anywhere in the country. As far as the payment plan was concerned, it has been kept convenient. 10 per cent amount of the total price of the plot was to be deposited as earnest money at the time of submission of application and 15 per cent payment was to be made within 30 days of issuance of letter of intent. The remaining 75 per cent amount could be deposited lump sum within 60 days of issuance of letter of intent or in six half-yearly instalments along with 9 per cent interest compounded annually. Allottees making lump sum payment would be given a rebate of 5 per cent on the balance amount.
Tags : News/Views Chandigarh Plots Eco City Greater Mohali Area Development Authority