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Eco City - 1
Kharar, Mohali, Punjab
GREATER MOHALI AREA DEVELOPMENT AUTHORITY (GMADA) (OTHER THAN INDIVIDUAL)
Eco City - 1 is a premier commercial project located in the vibrant Sector 5 of New Chandigarh, designed to cater to the growing demands of retail, office space, and food court needs. This project is strategically positioned to provide easy access to major highways and residential areas, ensuring a steady flow of customers. The development features a mix of retail spaces, office spaces, and food court areas, making it an ideal destination for businesses looking to establish themselves in a bustling commercial hub.
The project is designed with modern architecture and state-of-the-art facilities, ensuring a conducive environment for businesses to thrive. The retail spaces are designed to accommodate a variety of businesses, from fashion boutiques to dining establishments, while the office spaces offer spacious layouts suitable for corporate operations. The food court area is designed to provide a vibrant dining experience, with a range of cuisines available.
Eco City - 1 is not just about business; it also focuses on sustainability and community engagement. The project includes features such as rainwater harvesting systems, energy-efficient lighting, and comprehensive fire safety measures, ensuring a safe and eco-friendly environment for all occupants.
Located in close proximity to residential areas, Eco City - 1 is poised to become a hub for both shopping and business, making it a lucrative investment opportunity for those looking to capitalize on the growing commercial landscape of Mohali.
What is Eco City - 1?
Eco City - 1 is a commercial project located in Sector 5, New Chandigarh, offering a mix of retail spaces, office spaces, and food court areas.
What types of businesses can operate in Eco City - 1?
The project is designed to accommodate a variety of businesses, including retail outlets, office spaces, and food establishments.
What infrastructure features are included in the project?
The project includes rainwater harvesting systems, energy-efficient lighting, and comprehensive fire safety measures.
Where is Eco City - 1 located?
Eco City - 1 is located in Sector 5, New Chandigarh, providing easy access to major highways and residential areas.
Is Eco City - 1 a good investment opportunity?
Yes, with its strategic location and modern amenities, Eco City - 1 is poised to become a lucrative investment for businesses and investors.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall + Office Space- Commercial/Mall + Food Court Space
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2023
- Project Span: 158.51537 Acres
- No of Towers:
- Total No of Units: 84 + 11 + 83
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Eco City - 1
- Address: Sector 5, New Chandigarh, Majri, Kharar, Mohali, Punjab
- Sector: Sector 5, New Chandigarh
- Locality: Kharar
- 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-PC0062
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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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