Base rate of plots hiked in Mohali

Greater Mohali Area Development Authority (GMADA) has revised the base rates of different categories of plots in the district by around 10 per cent for the year 2025-26.

The rate for the plots in Sector 53 to Sector 71 has been hiked to Rs 71,500 from Rs 65,000 per square yard for the year 2025-26. The rate for Sector 62 has been fixed as Rs 71,500. The prevailing rate of plots in Sector 76 to Sector 80 has been fixed at Rs 70,000 per square yard, up from Rs 63,400.

Sector 81 and above, IT City, Eco City-1, Aerocity, Sector 90- 91 landpooling plots, Aerotropolis landpooling plots in Block A, B,C,D, E, F, G, H,I and J, Ecocity-2 (100 to 300, 400 and 500 sq yards), has been fixed as Rs 65,000 against the earlier Rs 51,500. Same rates are applicable for plots in Ecocity-3 measuring 100, 300, 400 to 500 sq yards.

The appreciation for plots measuring above 500sq yards in the Ecocity-2 has been much steeper at Rs 68,000, up from the earlier Rs 61,800 for plots measuring 1,000 and 2,000 sq yards. The Industrial plots in Sector 57-A and Sector 101 now command a base rate of Rs 45,000 sq yard as against a rate of Rs 36,900 per sq yard a year ago.

The rate for SCOs in Sector 101 measuring 100 and 200 sq yards has also been hiked to Rs 2,25,000 this year. Earlier, it stood at Rs 1,99,600. Single storey shops measuring 60 yards in Sector 101 now command a rate of Rs 1,50,000 per sq yard as against a rate of Rs 1,33,100 last year.

There has been a slight uptick in the rate of Industrial plots in Rajpura Focal Point with rates changed from Rs 16,600 to Rs 18,000 per sq yard this year. Similarly, for Rajpura Urban Estate, the rate has gone up from Rs 22,500 to Rs 25,000 per sq yard now, officials said.

The market rate of the plots is significantly higher than the rates fixed by the development authority. “The base rates, however, will be applicable for allotment to government, semi-government, and non-government organisations. The revised rates will also be applicable for implementing court orders and fixing non-construction fee,” said GMADA Chief Accounts Officer Ajay Mittal.