Mohali: The recent scheme for allotment of residential plots in IT City of Greater Mohali Area Development Authority (GMADA) is getting very positive response. Scheme has been subscribed more than 18 times over. Against 750 offered plots of various sizes measuring 256.66 sq yds, 300 sq yds and 500 sq yds, more than 14000 applications have been received.
Expressing satisfaction over the outcome of the scheme, Amit Dhaka, Chief Administrator, stated that despite the fact that the real estate market is sluggish, the huge response to the scheme speaks volumes about the faith of public in schemes of GMADA. Massive development undertaken by the Authority has added greater value to the intrinsic worth of the project and coupled with very reasonable price, it caught the imagination of the general public.
“The development works at the site are being undertaken by renowned L and T construction company. Most of the development works are already completed and possession will be handed over within the scheduled time.” he added.
The location of the site also added to its charm, as IT City is in the vicinity of International Airport and is well connected to Delhi and major towns of HP and Jammu.The site is also closely located to another prestigious project of GMADA viz. Aero City, where many allottees have started construction of their houses and many have also moved in. The Chief Administrator further stated that whereas, on the one hand, GMADA is catering to the housing needs of public and is playing a vital role in the field of urban development, it is also committed to create employment opportunities and uplifting the economy of the state. To promote the Information Technology sector, GMADA has already notified IT Policy-2013 for allotment of land/plots for IT Services, ITES, Bio-technology (Non Polluting) and Technology-based non-polluting/research and development facilities in industrial Sectors 82(Alpha), 83(Alpha) and 101(Alpha), said Dhaka. Under this policy, there is an ongoing scheme to allot land to eligible IT applicants.
More than 30 IT companies have already been allotted land including a plot of 50 acres to Infosys. Most of these allottees are in the process of starting construction on the allotted plots, he added.
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