GMADA Eco City Phase-II Residential Plot Scheme 2015 in New Chandigarh

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After the set up of Gateway City Draw Result, Greater Mohali Area Development Authority has come up a new residential plots scheme at Eco City Phase-II New Chandigarh. GMADA has offering 338 plots in Eco City Residential Plot Scheme 2015. This is a phase-II of Eco City Plot Scheme, Phase-I was launched earlier for which GMADA had received numbers of applications.

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The plot size available in the Eco City Phase-II is starts from 100 square yard to 2000 square yard. The price range for plots offered for allotment is starts from Rs 21,000/- to Rs. 30,000 per square yard.

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Scheme Details:

Number of Plots Size (Sq.Mtr.) Size(Sq.Yds.) Rate/Sq.Yds. (In Rupees) Earnest Money (In Rupees) Tentative Price (In Rupees)
84 83.61 100 21000/- 100000/- 2100000/-
26 125.42 150 21000/- 100000/- 3150000/-
15 167.23 200 21000/- 200000/- 4200000/-
29 250.84 300 21000/- 300000/- 6300000/-
11 334.45 400 23000/- 400000/- 9200000/-
20 418.06 500 23000/- 500000/- 11500000/-
83 836.12 1000 30000/- 1000000/- 30000000/-
66 1672.25 2000 30000/- 1500000/- 60000000/-
Total Plots :334  

 

 

 

 

How to Apply: Application Form cum Brochure can be purchased from bank branches listed below by paying Rs. 100/- as a cost of Application Form. It can also be obtained from Single Window Service Counter, PUDA Bhawan, Sec 62, SAS Nagar by paying the same cost. The duly filled application form along with the application money and registration amount will be submitted in the designated bank branches.

List of Bank for Sale & Receipt of Application Forms

Name of Bank Bank Branch Location
State Bank of Patiala Nodal Branch: Phase 7, Mohali
Punjab National Bank Nodal Branch: SCO 175-176, Sector 8-C, Chandigarh
Bank of Baroda Nodal Branch: Phase-9, Mohali
Central Bank of India Nodal Branch: SCO 528, Sector-70, Mohali
State Bank of India Nodal Branch: Personal Banking Branch, Sector 17-B, Chandigarh
Punjab Gramin Bank Nodal Branch: Sector-70, Mohali
ING Vysya Bank Nodal Branch: Sector-44. Chandigarh
Axis Bank Nodal Branch: SCF113-114, Phase-7, Mohali
Oriental Bank of Commerce Nodal Branch: SCO 44. Sec21-C, Chandigarh
ICICI Bank Ltd. Nodal Branch: SC0 485-486. Sector35-C, Chandigarh
IDBI Bank Nodal Branch: SC0 485-486. Sector35-C, Chandigarh
Punjab & Sind Bank Nodal Branch: SCO 84-91, Bank Square, Sector 17-B, Chandigarh
The Punjab State Coorporative Bank Ltd. Nodal Branch: SC0175-187, SECTOR 34 A, Chandigarh

Eligibility Criteria for Application Submission:

  • The Applicant must be a resident of India and the age of applicant must be at least 18 years on the last date of submission of application.
  • The Applicant who own or were allotted at any time by a Government Agency a residential Plot/Flat/House fully on lease hold or free hold basis in any of the Urban Estates developed by GMADA, PUDA, House- fed or any other Government Agency or in cooperative Societies to whom land was allotted by any of the Government agencies in SAS Nagar (Mohali) Sub-Division or Chandigarh or Panchkula in own /spouse/minor children’s name are not eligible to apply.
  • The detailed eligibility criteria for reserved categories & general category is mentioned in the brochure

Terms & Conditions:

  • The Application Money/Earnest Money shall be submitted only via demand draft in favor of Estate officer, GMADA, Payable at Mohali.
  • The extra charge of 10% & 15% will be applicable for corner plots and park/play area facing plots.
  • Plots are allotted on “as is where is basis” and GMADA shall not be liable to compensate for any extra expenditure that the allottee may have to incur to level the site.

Payment Plan:

  1. 30% of the tentative price (minus the earnest money paid) plus 2% Cancer & Drug Addiction Treatment Infrastructure Fund on the allotment price shall be payable within 30 days of issue of letter of intent. Only in case of exceptional circumstances and subject to a prior written request within 30 days of issuance of LOI, delay up to 30 days may be condoned with 1.5% surcharge, up to 60 days with 2% surcharge and up to 90 days with 2.5% surcharge and upto 6 months with 3% surcharge. In addition to above surcharge, allottee is required to pay penal interest @ 18% p.a. after the expiry of 30 days of the issuance of LOI to the date of payment and no application for condonation of any type of delay will be entertained after 30 days of issue of LOI However in case of Non payment after delay condoned the entire earnest money shall be forfeited.
  2. Option of Payment Plan:
    Plan-A: Allottee can opt the Plan-A in which they will have to pay the balance 70% of the tentative price within 60 days from the date of issue of LOI with a rebate of 5% on the balance amount payable.
    Plan-B: In Plan-B the balance 70% of the tentative price can be paid by 10 half yearly installment @ of 12% interest from the date of the issue of LOI.

Important Dates & Events

Events Date
Scheme Opens 09-03-2015
Scheme Closes 30-04-2015
Uploading of applicants data for verification by applicants 15-05-2015
Objections / Corrections to be intimated by 29-05-2015
Draw of Lots (if required) 05-06-2015
Uploading/declaration of result (or notice of postponement due to unforeseen circumstances) on the website 08-06-2015
Submission of documents of Reserve categories those successful in the draw of lots and those appearing in the waiting list 24-06-2015
LOIs to be dispatched by 06-07-2015
30% of the price of the plot (minus earnest money paid with application ) to be deposited 30 days of dispatch of LOI

Important Links
Apply Online | Download Brochure | Scheme Advertisement

For more details visit the official website of GMADA at www.gmada.gov.in.

Source: https://gmada.gov.in/en

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17 comments on “GMADA Eco City Phase-II Residential Plot Scheme 2015 in New Chandigarh

  1. What is the market price of eco city phase 2 mohali auspecting huge no. Of people will show their interest in this plan

  2. I like your posting about the realty more projects sharing in this blog; it’s through more information known.

  3. I am an INRI born in India on 16 July 1981 at Amritsar. I migrated to USA in 1999 and got my US citizen. Can I apply for the plot in Eco City Phase 2. I can fill the application on line but how do I send the money.

    • Check the eligibility criteria for the same and complete details are mentioned in the official website of GMADA.

  4. I applied for 200 yards plot on 27th April 2015 online application number ECT004162 and paid 201100/- through Sai Market Patiala brach of State Bank of Patiala on 30th April. I want to know stauts of my application, is it registered or not? If yew what is the registration number? I have made request 4 times before and called on telephone but no body cares to resspond. Waiting for reply. Harminder Kaur 094642-51454

  5. I applied for 100 Sq Yards plot in Eco City (phase II) New Chandigarh on 29.04.2015 vide application No. 001390 and enclosed Draft No.573206 dated 28.4.15 for Rs. 101000/- with the application and deposited the application at State Bank Of Patiala, Bharat Nagar Chowk, Ludhiana on 29.04.2015. I want to know status of my application,is it registered or not? If yes, what is registration no.? SHARANJIT SINGH Mobile No. 09463747291

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