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: Punjab government acquires 167 premium flats for administrative officers

The Punjab government has purchased 167 flats in Purab Premium Apartments, Sector-88, Mohali, to provide accommodation for IAS, IPS, PPS, and other administrative officers. These apartments are categorised based on officers' rankings, and rent will be paid by the occupants. The total cost of the purchase is INR 1,00,48,50,000, with an initial payment of INR 38,85,42,000 already made, including additional charges. The remaining amount can be paid either in a lump sum within 60 days or through eight half-yearly installments with interest. Deputy Commissioner Aashika Jain confirmed the allotment and noted that the initiative addresses a long-pending housing demand from officials.Read more

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Mohali MC identifies 97 high-rises violating building norms, plans safety inspections

Following a recent multi-storey building collapse in Sohana, the Mohali Municipal Corporation (MC) has identified 97 high-rise buildings violating construction regulations. Mayor Amarjeet Singh Sidhu announced the findings and directed immediate action during an emergency meeting. Violations include exceeding the three-storey limit and unauthorized constructions in six villages under the MC's jurisdiction. The fire department will inspect safety measures, and owners of non-compliant structures will face enforcement actions, including rectification costs. The MC aims to bolster public safety and infrastructure integrity through strict regulatory compliance, ensuring responsible urban development in Mohali.Read more

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Casper Realty's INR 891 crore land deal in Mohali to boost retail and commercial development

Casper Realty, a subsidiary of Phoenix Mills (PML), has acquired two prime land parcels in Mohali, Punjab, for INR 891 crore. Spanning over 13.14 acres and auctioned by the Greater Mohali Area Development Authority (GMADA), these plots are designated for commercial use. Managing director Shishir Shrivastava stated the company plans to develop a retail-led mixed-use destination, featuring retail spaces, cinemas, dining options, commercial offices, and hotels. This expansion aligns with PML's strategy, enhancing its extensive retail portfolio and contributing to Mohali's economic growth and urban development.Read more

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Mohali Deputy Mayor urges swift inclusion of seven villages

As the panchayat elections near, the issue of incorporating seven villages into Mohali's municipal limits resurfaces. The proposal, initially approved by the Mohali Municipal Corporation (MC) in 2021, remains unresolved. Deputy Mayor Kuljit Singh Bedi has urged the Punjab government to finalise the inclusion of villages like Balongi and Mauli Baidwan. Bedi warns that a delay could create governance confusion post-election. Inclusion would grant residents access to urban amenities and foster development. With elections approaching, swift action is deemed crucial for organised local governance and fulfilling residents' aspirations.Read more

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GMADA’s Eco City Project in Mohali faces roadblock from CMO

The Urban Estate Eco City-3 project by GMADA in New Chandigarh has faced setbacks due to bureaucratic hurdles and financial constraints, putting its future in uncertainty. Challenges include the Punjab government's demand for detailed land information, delaying land acquisition. The project, based on land pooling, was stalled due to fund shortages and limited landowner participation. Despite these issues, GMADA plans to launch Aerotropolis, a 1,653-acre township near the airport, showcasing its commitment to regional development. Successful resolution of hurdles will be crucial for revitalizing the Eco City-3 initiative and fostering economic growth.Read more

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GMADA allots 550 Purab Premium Apartments in Mohali through successful draw

The Greater Mohali Area Development Authority (GMADA) conducted a successful draw to allocate 550 Purab Premium Apartments in the Mohali region. This housing scheme received 313 applications, indicating strong demand for affordable housing. Various Punjab government departments secured 167 apartments for their employees, recognizing the importance of accessible housing. The draw results are available on the official GMADA website, and successful applicants have been advised to submit documents by October 9. Allotment letters will be issued online, and payments must be made within 30 days of receiving the letter. This initiative contributes to the growth and development of Mohali's residential options.Read more

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Managing Director of Bajwa Developers arrested again on cheating charges

Jarnail Singh Bajwa, the managing director of Bajwa Developers, has been arrested by the Crime Investigating Agency (CIA) of Mohali police on charges of allegedly cheating customers. This arrest follows a complaint by a customer who accused Bajwa of engaging in fraudulent activities related to the sale of a plot in Kharar, Punjab. The customer alleged that despite making full payment, Bajwa failed to deliver the promised plot and engaged in misleading practices. Bajwa had faced legal troubles in the past, including arrests and being declared a proclaimed offender in cheque bounce cases. Customers who have invested in Bajwa Developers' projects will be closely watching the legal proceedings.Read more

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Mohali Administration's proactive housing strategy ensures residents' welfare

The Mohali administration is proactively addressing the welfare of residents affected by upcoming demolitions near the Air Force Station's boundary wall. To provide alternative housing, the administration is taking control of land within Economically Weaker Sections (EWS) colonies within housing society projects. Displaced residents will be allotted this land to rebuild their homes before demolition occurs, following a Punjab and Haryana High Court directive. This approach demonstrates the administration's commitment to balancing development with citizens' well-being. The initiative highlights the challenges of urban development and the importance of inclusive housing solutions, emphasizing collaboration among governments, developers, and regulatory bodies.Read more

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GMADA allots tender for grid road development in the Aerotropolis township

The Greater Mohali Area Development Authority (GMADA) has taken a significant stride by awarding a tender for the development of infrastructure in the "Aerotropolis" township. Estimated at Rs 195 crores, the project aims to create a modern living space, with completion expected by April 2025. Covering 5,500 acres, the development will proceed in phases, starting with grid roads across 1,650 acres. M/s SBEIPL-HRG (JV) has been chosen for this task, encompassing civil, public health, and electrical services. Aerotropolis's strategic location near the international airport and established townships positions it as a future-focused and sought-after destination.Read more

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Innovative brick less construction reshapes Mohali's EWS housing project

After a decade of planning, Mohali's Economically Weaker Section (EWS) housing project has finally commenced. Using the innovative brick less construction technology outlined in the Punjab EWS Housing policy, the Greater Mohali Area Development Authority (GMADA) intends to build 5,000 units in the initial phase. A government-owned entity will oversee project execution from start to finish. The project, underpinned by an ambitious plan approved by the Punjab cabinet in 2021, promises affordable housing solutions for the economically disadvantaged, thereby reaffirming Punjab's commitment to social equity.Read more

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NGT panel uncovers numerous environmental violations at Omaxe Greens, Mohali

The National Green Tribunal's joint committee conducted an investigation into the Omaxe Greens housing project in Mohali and found a series of environmental violations. The violations included inadequate sewage treatment plant maintenance, groundwater extraction without permission, poor rainwater harvesting, and waste management practices. The report highlights the need for corrective actions to ensure compliance with environmental norms and protect the ecological balance in the region.Read more

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Mohali Development Body all set to launch 550 flats in second phase of Purab Premium Apartments

The Greater Mohali Area Development Authority (GMADA) is set to launch the second phase of the Purab Premium Apartments project, offering 550 ready-to-move-in units. The apartments range from one to three bedrooms, with prices starting at Rs 54 lakh. Occupants will enjoy cross ventilation and natural light, along with amenities such as sports facilities and a swimming pool. Applications are open from June 30 to July 31, with possession granted upon payment of 25% of the total price. The project is conveniently located near the international airport, educational institutions, and healthcare facilities.Read more

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