The Greater Mohali Area Development Authority (GMADA) is set to acquire land for Urban Estate Eco City 3 in New Chandigarh. The authority is set to acquire 720 acres for the project and is awaiting the CM’s nod.
Six years since the scheme was floated by the Gmada but due to some technical issues with the project, the Punjab government withheld the approval for acquisition of land. Earlier, the government had scrapped the land acquisition of the land for the project but now the scheme gets rolling.
Gmada chief administrator Amardeep Bansal said its executive committee has already given a go-head for the acquisition but the final nod is to be given by the Punjab chief minister.
Under the project, residential, commercial, and institutional properties are to come up on 720 acres acquired from six villages – Rajgarh, Takipur, Kartarpur, Kansala, and Hoshiarpur.
The land will be acquired on the basis of land pooling policy, as per which, for every acre, landowners will get 1,100 square yards of industrial plots and 200 square yards of developed commercial plot, excluding parking, instead of cash compensation.
In July 2020, the Gmada was forced to scrap the acquisition process owing to shortage of funds, and poor response to its land pooling scheme. Only 118 of 450 landowners had come forward at the time.
After the Gmada’s decision to defer the project, some private players had swooped in and bought around 150 acres in the same area, prompting the development authority to take prohibitory measures. The then additional chief secretary, department of housing and urban development, Sarvjit Singh, had ordered that no change-of-land use (CLU) certificate or licence will be issued to any builder in the Eco City-3 or Medicity — another GMADA project — areas.
Apart from this, the Gmada is all set to launch its seventh independent township, Aerotropolis, which will come up on 1,653 acres near Shaheed Bhagat Singh International Airport on both sides of the Banur-Zirakpur on Patiala highway.
The authority is working to launch the development works in the last week of January and complete them in six months, following which the plots will be earmarked and the scheme will be offered to the public.
An extension of Gmada’s Aerocity, it will comprise both commercial and residential plots in four pockets – A, B, C and D. Expected to be around 8,500 in number, the residential plots will range from 100 to 2,000 square yards.