ALLOTMENT OF 4000 FREEHOLD RESIDENTIAL PLOTS IN AEROCITY, MOHALI
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Detail of plots offered for allotment by draw | ||||
| Size of plots (in Sq. Yds.) | No. of Plots | Rate per Sq. Yds. | Earnest Money | Tentative Price |
| 500 | 650 | 12,000/- | 6,00,000/- | 60,00,000/- |
| 400 | 50 | 12,000/- | 4,80,000/- | 48,00,000/- |
| 300 | 730 | 12,000/- | 3,60,000/- | 36,00,000/- |
| 250 | 520 | 12,000/- | 3,00,000/- | 30,00,000/- |
| 200 | 800 | 12,000/- | 2,40,000/- | 24,00,000/- |
| 150 | 550 | 12,000/- | 1,80,000/- | 18,00,000/- |
| 125 | 700 | 12,000/- | 1,50,000/- | 15,00,000/- |
- The price for corner plot shall be 5% extra.
- The price for plot facing park (100 %frontage) shall be 5% extra.
- In case both (i and ii) above apply, price shall be 10% extra.
- Incomplete application shall be rejected.
- Number of plots can be increased or decreased at any time at the sole discretion of GMADA.
- 5% rebate on the price shall be given to the applicants under physically handicapped quota. This rebate shall be available only to those physically handicapped applicants who apply under this category and shall be restricted to 3% quota of physically handicapped persons. However, the earnest money will be the same as indicated above for applicants of Physically Handicapped Quota.
TERMS & CONDITIONS
- 10% price of plot is to be deposited alongwith application.
- 15% price of plot is payable within thirty days from the date of issue of Letter of Intent.
- 5% price + extra price (on account of corner or facing park or both +additional price), if any is payable at the time of delivery of possession. Additional price means increase due to actual measurement of site as well as in the event of enhancement of compensation by any competent Court under the Land Acquisition Act 1894 and increase in the cost of development including amenities or otherwise.
- Balance 70% would be payable as per the following payment plans:-
PAYMENT PLAN
PLAN-A If the allottee deposits the balance 70% price in lump sum within 60 days from the date of allocation letter/Letter of Intent, 10% rebate shall be allowed.
PLAN-B Allottees are entitled to pay the 70% amount without interest in seven bimonthly equated installments from the date of issue of allocation letter/Letter of Intent.
PLAN-C Allottees are entitled to pay the 70% amount alongwith interest @10% p.a. payable half yearly, in 7 half yearly instalments from the date of allocation letter /Letter of Intent.
NOTE
- If the allottee under the Plan B and C makes the entire outstanding payment in lumpsum at any time then a rebate of 5% shall be allowed on the outstanding principal amount.
- This benefit shall be allowed only if three or more instalments are to be paid when the lumpsum payment is made.
- Applicant shall have to opt for the payment plan at the time of filling of application form. However, if he/she intends to change the payment plan he/she shall have to inform in this regard before Draw. Thereafter, no change of plan will be allowed.
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