Puda Gateway City Mohali 2.48

Punjab Urban Development Authority (PUDA) to launch ‘Gateway City’ residential scheme in Mohali. On offer are over 400 residential plots in Sector 118, 119 on Chandigarh- Kharar NH 21.The plots are in the sizes of 150, 200, 256, 300, 331, 350,400, 500 and 545 sq yd. PUDA has fixed a reserve price of Rs21,000 per square yard, offering 5 per cent discount on lump sum payment.
The strategically located two sectors are linked by 200-ft wide International Airport with Air Conditioned Bus Terminal, Super Specialty & Multi- Specialty hospitals, Industrial Area, upcoming International Airport and one of the biggest shopping malls of the region, North Country Mall in the close vicinity. Delhi- based leading developer, TDI is also coming up with a township in Sector 118. It recently launched luxury apartments - Windsor Tower Mohali as part of this township.
PUDA had earlier launched its residential apartments scheme in October, offering 490 3/4 BHK multi-storeyed apartments in Splendid Heights gated community in Jalandhar. These 23-24 storeyed towers with penthouses offer 24-hour power backup, elaborate parking, parks and leisure activities, including a club with banquet, terrace garden, restaurant, bar, swimming pool and indoor games.
Prior to the launch of residential plot scheme by PUDA in Sector 118- 119 in Mohali, Greater Mohali Area Development Authority (GMADA) had offered 740 plots of 100-500 sq yd in Eco-City 1 in Mullanpur on the outskirts of Chandigarh — a master planned township with large green belts, commercial areas, an upcoming Medicity, non- polluting industry and provision of Metro Rail.
PUDA Gateway City’s payment plan requires 15 per cent of the price, besides 10 per cent earnest money to be deposited within 30 days of the issue of letter of intent.The balance 75 per cent will be payable in six equated half-yearly installments along with interest @ 12 per cent per annum.The first installment is to be paid after one year from the date of issue of allotment letter. There is a special 5 per cent rebate for disabled persons.