Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Mohali

Mohali GMADA to review unsold property prices with independent valuers

The Greater Mohali Area Development Authority (GMADA) has launched a process to reassess reserve prices of unsold residential, commercial, institutional, and industrial sites that failed to attract buyers in consecutive auctions. The authority will appoint three independent valuers for each site, selecting professionals empanelled with nationalised banks or the income-tax department. Recent auctions showed selective demand, with some plots exceeding reserve prices while many others remained unsold. This move aims to align pricing with current market trends, improve transparency, and make properties more appealing to potential buyers.Read more

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Ceigall and JSP Projects to develop INR 509 crore infrastructure project in Mohali

Ceigall India, in partnership with JSP Projects, has won a INR 509.20 crore infrastructure contract from the Greater Mohali Area Development Authority (GMADA). The project involves constructing internal roads along with civil, public health, and electrical works, scheduled for completion within 24 months under an item-rate agreement. Ramneek Sehgal, Ceigall's Chairman and Managing Director, highlighted the project's role in enhancing connectivity and supporting sustainable urban development in Mohali. This project adds to Ceigall's portfolio of specialized infrastructure works across roads, bridges, flyovers, tunnels, and expressways.Read more

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Infosys to expand Mohali campus with INR 300 crore investment

Infosys is expanding its Mohali campus with an investment of INR 300 crore across 30 acres. The first phase will involve constructing 3 lakh square feet, creating around 2,500 jobs, followed by 4.80 lakh square feet in the next phase. Present in Mohali since 2017, the company has expressed satisfaction over government support for this expansion. Punjab's faster approvals for industrial projects and proactive policies have encouraged investors. The move reinforces Mohali's position as a growing IT hub and supports job creation and regional economic development.Read more

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Hero Realty invests INR 262 crore in Mohali land for residential development

Hero Realty, through Vikas Parks Pvt. Ltd., has acquired 8.71 acres of land in Sector 99, Mohali, for INR 262.75 crore via a GMADA auction. The land will be developed into a new residential project, expanding the company's footprint in the Tricity market. Hero Realty already operates Hero Homes in Sector 88, where Phase 1 with 544 units is complete and handed over, Phase 2 with 650 units is under possession, and the final phase was launched last week across the 18.5-acre township. The Sector 99 acquisition underscores the developer's strategy to strengthen its residential presence in the high-demand Mohali market.Read more

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Punjab cancels CLU for Mohali project after forged documents found

The Punjab government cancelled part of a developer's CLU in Mohali after discovering forged documents that included land from Drari village. The decision affects about 1.3 acres and leaves roughly 200 investors, who had invested around INR 250 crore, in a state of uncertainty. Despite investing six years ago, they have not received property possession or completed infrastructure. The developer has remained unresponsive, while investors seek intervention from the state government or GMADA to ensure project completion.Read more

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GMADA generates INR 961 crore in latest property e-auction

The Greater Mohali Area Development Authority (GMADA) recently concluded an e-auction that generated INR 961 crore by selling 65 out of 167 properties. Commercial properties, especially in Aerocity and Sector 78, drew strong bids, while residential plot prices showed a slight dip compared to the previous auction. Some categories, including petrol pump plots, hotel sites, and school plots, saw no interest, reflecting cautious investor sentiment. This auction highlights both the active demand in commercial real estate and the selective interest in residential and institutional plots in Mohali.Read more

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GMADA holds numbering draw for Aerocity SCOs and bay shops

The Greater Mohali Area Development Authority (Gmada) has held a numbering draw for shops-cum-offices (SCOs) and bay shops in Aerocity under its land-pooling scheme, limited to existing letter of intent (LOI) holders. Lists of eligible applicants were published for verification, with objections accepted only before a set deadline. The draw precedes actual possession, which will follow completion of development works in the coming months. Applications include 40 for 60 sq yd bay shops, 131 for 100 sq yd SCOs, and 29 for 121 sq yd SCOs. While Aerocity's commercial growth is promising, residents urge Gmada to address civic issues for sustainable development.Read more

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Mohali collects INR 11.43 crore in 19 days under Punjab's OTS property tax waiver scheme

Mohali district's municipal bodies have witnessed an exceptional surge in property tax collections under the ongoing One-Time Settlement (OTS) scheme, bringing in INR 11.43 crore within just 19 days. This drive, initiated to recover pending dues with penalty waivers, saw Zirakpur contribute the highest at INR 7.53 crore, followed by Kharar and Derabassi. In an effort to facilitate taxpayer convenience, municipal offices remained open over weekends. Officials confirmed that the scheme offers full and partial penalty waivers based on payment timelines. This performance reflects growing public responsiveness and an efficient urban governance framework.Read more

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Mohali: Residents of Parkview RWA take over maintenance after court order

A local court ordered the immediate transfer of maintenance duties at Parkview Residences in Mohali's Sector 66 to its Resident Welfare Association (RWA). The judgment followed ongoing allegations against the developer and its agency for imposing inflated maintenance charges, obstructing RWA elections, and disrupting basic services. Despite all units being sold, the developer had continued to exert control through a private firm. The court found these actions coercive and unlawful under the Punjab Apartment Ownership Act.Read more

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GMADA proposes INR 800 cut in enhancement charges for Mohali plot allottees

The Greater Mohali Area Development Authority (GMADA) has proposed to reduce enhancement charges by INR 800 per square yard for over 30,000 plot allottees in Mohali. This decision, awaiting state government approval, aims to provide financial relief. Currently at INR 2,645 per square yard, these charges are additional compensation to landowners, recovered from allottees. The proposed revision, contingent on comparison with Noida and Panchkula models, seeks to balance landowner compensation with allottee relief, addressing concerns about rising costs and administrative delays in the past.Read more

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Mohali villagers reject GMADA's land pooling scheme, cite low returns and past delays

GMADA's land pooling scheme in Mohali has faced severe backlash, with only 15 of nearly 8,000 villagers opting in. The initiative aimed to consolidate 2,600 acres for commercial, residential, and industrial expansion across sectors like 84, 87, and 120-124. Farmers, especially smallholders, argue compensation is unfair and cite unresolved past issues like delayed Aerocity and IT City allotments. Villages including Patton and Kishanpura have formally rejected the scheme. Protests also highlight alleged coercion and surveillance via satellite to track unauthorized colonies. Despite opposition, officials plan to begin acquisition in 3-4 months, emphasizing long-term benefits for landowners and regional development.Read more

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GMADA invites bids for Aerotropolis City near Mohali airport

The Greater Mohali Area Development Authority (GMADA) has invited Expressions of Interest for its 5,500-acre Aerotropolis City project in Mohali, Punjab. Located near Shaheed Bhagat Singh International Airport, the project aims to provide residential, commercial, and institutional spaces with modern infrastructure. The first phase covers 1,650 acres, with development works like roads and utility pipelines tendered for completion by April 2026. The initiative seeks to create a modern integrated township, complementing existing city developments, and is expected to become a sought-after address for living and business.Read more

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Thomas Cook opens first franchise outlet in Mohali to tap growing travel demand

Thomas Cook (India) has extended its presence in Punjab by launching its first franchise outlet in Mohali, tapping into the city's growing reputation as a high-potential travel market. Known for its rapidly developing residential and commercial sectors, Mohali forms a key part of the Tricity region. The newly opened Gold Circle Partner outlet is expected to offer enhanced access and convenience to local customers. According to Thomas Cook's India Holiday Report 2025, a significant number of consumers are planning to travel more frequently and increase their travel budgets, underlining the market's expanding appetite for holidays.Read more

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Mohali: GMADA demolishes 30 illegal structures in Jhampur village and Sector 39 (West)

The Greater Mohali Area Development Authority (GMADA) has launched a major demolition drive targeting illegal constructions in Jhampur village and Sector 39 (West), led by officer Arvind Pannu. A total of 30 unauthorised structures were razed-25 in Jhampur and 7 in Sector 39 (West). In Phase 3 of the 39 West Society, developers were found illegally expanding the colony and connecting unsanctioned plots to public utilities despite their licence being cancelled. GMADA's action follows repeated complaints from residents and signals a tougher stance on illegal development. The drive highlights the need for stricter urban planning enforcement to protect infrastructure and public interest.Read more

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Zirakpur Municipal Council cracks down on unauthorized construction in the New Defence Colony

The Zirakpur Municipal Council has taken firm action against unauthorised construction in Mohali's New Defence Colony and Old Kalka Road. A builder's project was sealed for violating approved plans, posing safety risks. Residents welcomed the move, citing long-standing concerns. In a separate operation, illegal houses and structures on government land near Goldmark Vira City were demolished. The council emphasised strict penalties for breaches and urged public cooperation in reporting violations. These enforcement measures reflect a renewed commitment to urban planning compliance. Officials warned builders against encroachments, stressing that legal action would follow any future violations to uphold safety and development norms.Read more

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Mohali civic body surpasses property tax collection target by 10% in FY 2024-25

The Mohali Municipal Corporation has exceeded its property tax collection target for the financial year 2024-25 by 10%, demonstrating improved taxpayer compliance and administrative efficiency. Officials attribute this achievement to enhanced digital payment options, awareness campaigns, and enforcement measures. The increased revenue will be utilised for infrastructure development and urban maintenance projects. Authorities are optimistic about maintaining this momentum in the coming years, with further efforts to simplify tax payments and incentivise timely compliance, thereby strengthening the city's financial position for future growth.

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Mohali: GMADA faces scrutiny for Purab Premium project violations, fined INR 1.02 crore

The National Green Tribunal (NGT) has expressed its disapproval with the Greater Mohali Area Development Authority (GMADA) for proceeding with the Purab Premium Apartments project without mandatory legal clearances. GMADA failed to obtain Consent to Establish and Consent to Operate, and its environmental clearance expired in 2020. The NGT ordered an investigation to identify responsible officials and demanded a compliance report within three months. The Punjab Pollution Control Board imposed an INR 1.02 crore fine for violations, with further penalties under review. The case underscores environmental risks, governance failures, and the need for stricter enforcement of environmental laws in urban development.Read more

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Mohali MC issues notices to 80 building owners over illegal constructions

The Municipal Corporation (MC) of Mohali has issued notices to 80 building owners suspected of illegal construction. The notices demand that owners submit necessary clearances and No Objection Certificates (NOCs) within 15 days or face potential demolition. This action follows a recent building collapse in Sohana, which prompted a survey revealing that 97 buildings were constructed as high-rises in violation of regulations. The MC is also tackling unauthorized shops in villages and surveying all buildings for compliance. Structural assessments are underway, and violations will lead to serious repercussions.Read more

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Mohali Municipal Corporation launches probe into illegal constructions after Sohana building collapse

Following the Sohana building collapse that claimed two lives, the Mohali Municipal Corporation (MC) has initiated an inquiry to identify officials responsible for regulatory lapses from 2018 to 2023. MC Commissioner T. Benith is reviewing approvals and inspections, with potential action against negligent officials. A comprehensive survey is underway to detect illegal constructions, revealing significant violations such as unauthorized six-story buildings. The MC aims to enforce stricter building regulations to prevent future incidents and ensure compliance with safety standards. This initiative underscores the urgency of addressing construction violations and improving oversight mechanisms in urban development.Read more

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Greater Mohali Area Development Authority cracks down on illegal constructions in New Chandigarh villages

The Greater Mohali Area Development Authority (GMADA) has issued notices to 15-20 under-construction buildings in New Chandigarh's Mullanpur, Siswan, Kubaheri, and Majra villages, targeting illegal constructions lacking necessary approvals. Residents had raised concerns about unchecked building activities, prompting GMADA's action. The affected structures, already halfway completed, highlight regulatory delays and potential financial losses from evaded taxes and fees. GMADA warns of demolitions if clearances aren't provided and plans stricter monitoring, inspections, and public awareness campaigns to curb illegal construction. These efforts aim to address the broader challenge of unregulated urban development and ensure sustainable growth in New Chandigarh.Read more

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