Gmada hikes base rate of plots in Mohali
The rate for the plots in Sectors 53 to 71 have been hiked to Rs 71,500 from Rs 65,000 per square yard
The appreciation for plots measuring above 500 sq yards in the Ecocity-2 has been much steeper at Rs 68,000; earlier, it was Rs 61800 for plots measuring 1,000 and 2,000 sq yards. Photo for representation
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Gmada has revised the base rates of different categories of plots in Mohali district by around 10 per cent for 2025-26.
The rate for the plots in Sectors 53 to 71 have been hiked to Rs 71,500 from Rs 65,000 per square yard. The rate for Sector 62 has been fixed as Rs 71,500. The prevailing rate of plots in Sectors 76 to 80 has been fixed at Rs 70,000 per square yard from the earlier Rs 63,400.
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Sector 81 and above, IT City, Eco City-1, Aerocity, Sectors 90- 91 land-pooling plots, Aerotropolis land-pooling plots in Blocks A, B, C, D, E, F, G, H, I and J, Ecocity-2 (100 to 300, 400 and 500 sq yards) have been fixed at Rs 65,000 from the existing Rs 51,500. Same rates are applicable for plots in Ecocity-3 measuring 100, 300, and 400 to 500 sq yards.
The appreciation for plots measuring above 500 sq yards in the Ecocity-2 has been much steeper at Rs 68,000; earlier, it was Rs 61800 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 been hiked to Rs 2,25,000 this year; earlier, it was 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.
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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, the Rajpura Urban Estate has gone up from Rs 22,500 to Rs 25,000 per sq yard now, officials said.
The market rate of these 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.
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