As reported by Hindustan Times, Greater Mohali Area Development Authority may launch a new affordable housing scheme by the end of this year. The authority will be offering 2,000 flats in the first phase of the scheme in sector 65 and 66.
GMADA has plans to construct about 10,000 flats for the middle income group of the society in coming year in phased manner. The scheme will be announced very soon and in the first phase 2,000 flats will be constructed. This scheme is expected to be launched by the year’s end. There will be one, two and three BHK flats constructed for the housing scheme.
According to the GMADA chief administrator AK Sinha, the MIG housing project has been approved by Punjab deputy chief minister and GMADA co-chairman Sukhbir Singh Badal. In the first phase of the project, GMADA will built about 100 flats in every acre of the 20 acre land in sector 65 and 66. The number of one bedroom flats in one acre can go up to 125.
The pricing of the flats is not yet finalized however the 2 bedroom flats are expected to cost between Rupees 26-30 Lakh.