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Aero City
Aerocity, Mohali, Punjab
GREATER MOHALI AREA DEVELOPMENT AUTHORITY (GMADA) (OTHER THAN INDIVIDUAL)
Description & FAQs
Project Overview
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.
Project Details
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type:
- Status: Under Construction
Project Scale
- Possession: Quarter 4 2024
- Span:
- Towers:
- Units: 54
- Floors:
- Density:
Location & Builder
- Project: 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 Reg. No
PBRERA-SAS80-PR0368
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About GREATER MOHALI AREA DEVELOPMENT AUTHORITY (GMADA) (OTHER THAN INDIVIDUAL)
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 …
Buyer's Due-Diligence Guide
Serious about Aero City? Check the Facts First.
Glossy brochures and portal listings show only the shiny surface. My deep-dive report gathers the hard-to-find data scattered across dozens of websites and filings, so you can decide with confidence.
Before you commit your savings, see the full picture.
What My Reports Uncover:
- Builder Strength: past delivery record, financial health, open court cases.
- Legal & Title: RERA filings, land title chain, critical NOCs and clearances.
- Construction Reality: on-site progress versus promised timeline, independent quality checks.
- Total Cost Clarity: launch-to-date price trend, hidden charges, payment-plan cash flow.
- Location & Liveability: travel times, upcoming infrastructure, environmental risks.
- Exit & Rental Liquidity: resale registrations, rental yields, bank project approvals.
- Buyer Sentiment: real customer complaints, maintenance issues, defect logs.
- Red Flags: a concise list of any critical concerns I uncover.
See the Insight You Get (Sample Report)
Click here to download a sample analysis for a different project (Manor One, Gurugram) (This demonstrates the type of analysis I provide.)
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