GMADA Divides Aerocity into Two Sectors

Published: June 9, 2010 at 11:03 AM | Author: Administrator
News Source: Express India, GMADA Aerocity Mohali

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The over 771-acre land on which the Greater Mohali Area Development Authority’s (GMADA) first urban estate will come up has been divided into two sectors — 66 East and 82 East. A major area of Aerocity is outside the sectoral grid approved in Mohali’s master plan. So, new sectors could not be marked in the area.

“Since Aerocity falls on the east of Sectors 66 and 82, we have marked the area as Sector 66 East and 82 East on the pattern of Sector 38 West in Chandigarh, but it would be commonly known as Aerocity,” GMADA Estate Officer (EO) Balbir Singh said.

The Aerocity is located along both sides of the 200-foot-wide road starting from Sector 66-66-A to Chhat village on the Chandigarh-Patiala National Highway-64. Mohali’s new sectors (from 82 to 125) are marked on the other side of the urban estate. Singh said Sectors 66 East and 82 East would be further bifurcated into ‘A, B, C and D’ blocks.

The urban estate is coming up in the vicinity of the upcoming international airport in Mohali. Over 771 acres of land spread across Bakarpur, Naraingarh, Kishanpura, Matran, Chachumajra, Chhat and Manauli villages has been acquired for it.

The GMADA EO, meanwhile, wrote to officials of the banks authorised to sell and collect the application forms to increase the finance limit under their respective Earnest Money Deposit (EMD) schemes.

“On receiving reports that several banks were offering finance up to Rs 3.5 lakh, we asked them to increase the limit to Rs 6 lakh,” Singh said.

With Rs 3.5 lakh, applicants can purchase a plot of only up to 250 square yards (10 marla), which requires an earnest deposit of Rs 3 lakh.

Plots of 300, 400 and 500 square yards require earnest deposit of Rs 3.6, 4.8 and 6 lakh, respectively.

On the second day, application forms remained unavailable at most of the authorised bank branches outside Mohali. People who approached the Punjab National Bank in Sector 17-B, Chandigarh, and the State Bank of India and the Union Bank of India in Kharar had to return empty-handed. GMADA EO Balbir Singh assured that the applications forms would be available from Wednesday.

The response, meanwhile, has been overwhelming, with around 19,000 brochures being sold in the first two days, Singh claimed. Around 10,000 brochures were sold on the first day and another 9,000 were sold on Tuesday despite heavy rain.