Construction of state-of-the-art high rise building for Mohali residents in Sector 77!
Mohali's popular celebrity housing company, Mohali Homeland outperformed the other real estate traders by winning the GMADA auction for a land chunk in Sector - 77. Though the reserve price for this land was Rs 68 crore, Homeland's bid of Rs 98 crore made them the winning party.
Out of a total of 22 residential plots, 14 sites were auctioned by GMADA. Out of a total of 32 booths, 28 got sold. A hospital site, a group housing society and a commercial one spread across four were also sold. Speaking on the occasion during the auction journey, GMADA Chief Administrator Pradeep Kumar Agarwal said, "We are fully satisfied with the auction and we expect to receive Rs 800 crore from hotel sites in different parts of Mohali in the near future."
He said that the response to this auction has been overwhelming and it has helped to revive the realty market.
Expressing his happiness over the acquisition of this site in Sector 77, the spokesperson of Mohali Homeland said that Mohali Homeland has always been committed to providing state-of-the-art facilities to the residents of Mohali. A tall, state-of-the-art and luxurious building will be constructed.
Talking to HT, Homeland Builders CEO Umang Jindal said, “There was a tough fight for the site, which went at a price about 100% times higher. Since it is a prime location, we will be constructing the tallest towers of tricity there. We are hopeful to start the construction work by next month. We are planning to build at least 276 flats at the site that also falls in the vicinity of the famous Gurdwara Singh Shaheedan, Sohana.”
While Mohali Homeland is a posh home to many Punjabi celebrities, all eyes are set on the new project by this company.