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Aero City
Aerocity, Mohali, Punjab
GREATER MOHALI AREA DEVELOPMENT AUTHORITY (GMADA) (OTHER THAN INDIVIDUAL)
Aero City is a premier residential plotted development located in the vibrant Aerocity of Mohali, Punjab. This project is designed to offer a harmonious blend of modern living and natural surroundings, making it an ideal choice for families and individuals seeking a serene yet connected lifestyle. The project spans a total area of 39942.47 square meters, with 54 residential plots available for prospective homeowners.
The location is strategically chosen for its proximity to key amenities such as the international airport, educational institutions, and healthcare facilities, ensuring that residents enjoy convenience and accessibility. The project is currently under construction, with an expected possession date in the fourth quarter of 2024.
Aero City emphasizes sustainable living with features that promote eco-friendly practices. The development includes provisions for rainwater harvesting and energy management systems, aligning with modern environmental standards. The project is designed to foster a community spirit, with ample green spaces and recreational areas for residents to enjoy.
Investing in Aero City not only promises a beautiful living space but also a sound investment in one of the fastest-growing regions in Punjab. With the ongoing development in the area, Aero City is poised to appreciate in value, making it a lucrative opportunity for homebuyers and investors alike.
What is Aero City?
Aero City is a residential plotted development located in Aerocity, Mohali, offering 54 residential plots designed for modern living.
What is the expected possession date?
The expected possession date for Aero City is in Quarter 4 of 2024.
What are the nearby amenities?
Aero City is strategically located near the international airport, educational institutions, and healthcare facilities.
How is the connectivity to the city?
The project enjoys excellent connectivity to major roads and highways, ensuring easy access to the city.
Is Aero City a good investment opportunity?
Yes, Aero City is located in a rapidly developing area, making it a promising investment for homebuyers and investors.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2024
- Project Span:
- No of Towers:
- Total No of Units: 54
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Aero City
- Address: Aerocity, Mohali, Punjab, Punjab
- Sector: Others
- Locality: Aerocity
- City: Mohali, Punjab
- Builder: GREATER MOHALI AREA DEVELOPMENT AUTHORITY (GMADA) (OTHER THAN INDIVIDUAL)
RERA Authority
Punjab Real Estate Regulatory Authority
RERA Registration Number
PBRERA-SAS80-PR0368
Project
Neighborhood
Project Video
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GREATER MOHALI AREA DEVELOPMENT AUTHORITY (GMADA) (OTHER THAN INDIVIDUAL)
- No of Complaints: Not Available
- States (Active in): Punjab
Introduction
The Greater Mohali Area Development Authority (GMADA) has been a significant player in real estate development in Punjab, India. However, recent data reveals a concerning trend in their legal performance, raising critical questions for potential buyers considering properties developed by this authority. This blog post aims to provide an insightful analysis of GMADA's legal records, examining patterns in cases won and lost, followed by essential tips for prospective buyers.
Case Analysis
Overview of Complaints
GMADA has a total of 147 complaints lodged against it, with 26 cases won and 121 cases lost. This indicates a troubling litigation environment for the authority, where it has struggled significantly in both defense and compliance with customer agreements.
Patterns in Cases Lost
A detailed examination of the cases GMADA lost exposes several recurring themes:
- Failure to Deliver Possession: One of the most common claims against GMADA involves the delay in delivering possession of properties. Many appellants argued that GMADA failed to provide plots or units within the promised timeframe, leading to dissatisfaction and legal actions.
- Jurisdiction Issues: Several complaints cited jurisdictional failures. The authority frequently contended that they were not bound to return deposits or provide refunds, yet the courts have ruled against them, leading to dismissals of their claims.
- Non-compliance with Agreements: Many cases involve allegations that GMADA did not adhere to the terms laid out in the Letter of Intent or other agreement documents. Complaints of this nature highlight GMADA's inconsistent application of policies and procedures.
- Defendant Claims of Non-Payment: In numerous cases, GMADA defended itself citing that the appellants failed to comply with payment terms. However, courts have often ruled in favor of appellants based on GMADA’s own failure to perform.
Patterns in Cases Won
On the other hand, GMADA has won 6 cases, characterized by different dynamics:
- Jurisdiction Affirmation: Cases won often revolved around affirming the authority's jurisdiction to make certain decisions, … Read more
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