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Punjab

300­acre housing project to come up at New Chandigarh

June 06, 2018 06:49 AM

COURSTEY THE HINDUSTAN TIMES JUNE 6

Munieshwer A Sagar munieshwer.sagar@hindustantimes.com ■
300­acre housing
project to come up at New Chandigarh
GMADA acquiring land of five villages, and expects to complete acquisition in two weeks
› Land is being aggregated through the land pooling process in Bansepur, Sangala, Rehmapur, Ghandoli and Tira villages. In the first phase, the authority is likely to get around 311 acres of land. The expected salable area will be around 100 acres.
A SENIOR GMADA OFFICIAL

MOHALI: The Greater Mohali Area Development Authority (GMADA) is planning a residential project in New Chandigarh on the lines of EcoCity.

The 311 acre project will come up in the area abutting the master plan road – PR 4 and the Punjab Cricket Association (PCA) stadium, Mullanpur Garibdass.

Land is currently being acquired with help from an aggregator who is contacting farmers and obtaining sale deeds and other requisite document.

“Land is being aggregated through the land pooling process in Bansepur, Sangala, Rehmapur, Ghandoli and Tira villages. In the first phase, the authority is likely to get around 311 acres of land. The expected salable area will be around 100 acres,” said a senior GMADA official, who did not want to be named as he was not authorised to speak to the media.

For planned development of periphery areas of towns and cities, government agencies ‘pool’ land by consolidating a selected group of land parcels

Farmers in the area approached GMADA in 2017 for contributing land under the land pooling scheme.

“They made the offer to GMADA in 2017 and a committee of GMADA officials was set up to oversee the negotiations,” the official said.

A minimum of 100 acres is needed to set up a realty project in New Chandigarh and farmers don’t have single land parcels of that size .

“The farmers were not interested in selling their land to private developers and hence consented to transfer their land to GMADA. The authority will now be able to carry out planned development of a contiguous land chunk, which is also compatible with the zonal plans,” the official said.

There are around 265 farmers participating in the scheme.

“With the success of the current land acquisition, we expect more farmers with land close to the current acquisition to join the process. The area of the land pooled is also likely to increase to more than 500 acres in the future. The current phase is in its final stages, likely to be completed in 15 days,” the official added.

GMADA had earlier developed residential and institutional projects, EcoCity, EduCity and MediCity, in New Chandigarh. The authority also plans to develop a new township project, Aerotropolis, in Mohali.

The latest residential scheme of GMADA, IT City was termed a success with the authority getting more than 16,000 applications for 753 plots

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