GMADA Announces New Residential Plot Scheme in Eco City-2, Mohali — 500 to 1000 Sq. Yards Plots Now Available at One-Third the Market Price

Published by: News Desk, Garah Pravesh
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📰 Introduction: Big Opportunity for Homebuyers and Investors in Mohali

The Greater Mohali Area Development Authority (GMADA) has announced a new draw-based residential plot scheme for Eco City-2 Extension, bringing one of the most awaited real estate opportunities since 2021.
This scheme offers 500 and 1000 sq. yard plots at prices three times lower than the prevailing market rate, giving buyers a golden chance to own premium land near New Chandigarh and Mohali.

Where earlier auctions demanded up to ₹9 crore for a 500-yard plot, this new GMADA draw will make similar plots available at just ₹3 crore. Similarly, 1000-yard plots that earlier cost around ₹12 crore can now be obtained for ₹6 crore.

This initiative is part of GMADA’s renewed focus on affordable luxury housing and transparent property allocation through a fair draw system.

ECO CITY-2 Extension Layout – Checkout Here

📍 About the GMADA Eco City-2 Extension Scheme

The new scheme in Eco City-2 Extension, Mohali, includes 185 residential plots that will be allotted through a computerized draw system. This is the first time since 2021 that GMADA is offering plots under the draw system instead of auctioning them.

Key Highlights:

• Total Plots: 185

• Plot Sizes: 500 sq. yards & 1000 sq. yards

• Allotment Mode: Computerized Draw

• Location: Eco City-2 Extension, near New Chandigarh

• Price Basis: Collector Rate (much lower than market price)

• Application Start Date: To be announced on GMADA’s website soon

Checkout latest property listings – Residential – Commercial – Industrial

Also Read – Chandigarh UT to Hold Monthly Auctions for Over 700 Freehold Residential Plots – A Golden Opportunity for Buyers & Investors

💰 Pricing Details — Collector Rate Advantage

The collector rate for Eco City-2 plots has been revised recently, making these plots a cost-effective investment option compared to open market rates.

• Collector Rate: ₹60,000 per sq. yard

• 500 sq. yd. Plot Price: ₹3 crore (approx.)

• 1000 sq. yd. Plot Price: ₹6 crore (approx.)

Compared to the auction price of ₹9 crore and above for similar plots in New Chandigarh, buyers can now save up to ₹6 crore by opting for this GMADA draw-based scheme.

🏗️ Why This Scheme Is a Game Changer

1. Affordable Investment Opportunity:
   Buyers get land at almost one-third the regular market value.

2. Transparent Draw System:
   The plots will be allotted purely by computerized draw, ensuring 100% fairness.

3. Prime Location:
   Eco City-2 is one of the most sought-after residential zones near Chandigarh, well-connected to Airport Road, IT City, and Medicity.

4. High ROI Potential:
   With Mohali’s infrastructure boom and the expansion of New Chandigarh, property values in Eco City-2 are expected to appreciate significantly in the next 3–5 years.

5. Low Initial Investment (10% Earnest Money):
   Applicants only need to deposit 10% of the plot cost as Earnest Money (EMD) to participate in the draw.

🧾 Application Process & Earnest Money Deposit Details

Applicants can participate in this scheme by submitting 10% Earnest Money Deposit (EMD) of the plot’s total cost.

Example Breakdown:

• For 500 sq. yd. Plot: EMD = ₹30 lakh

• For 1000 sq. yd. Plot: EMD = ₹60 lakh

Those who don’t win in the draw will receive a full refund of their EMD amount.
Successful applicants will need to pay 15% of the plot value immediately after the draw, followed by the remaining amount as per the payment schedule announced by GMADA.

🗓️ Scheme Timeline & Draw Schedule

GMADA officials have confirmed that the scheme is in its final preparation phase.
The official dates for applications and draw will soon be uploaded on GMADA’s website.

Expected Timeline:

• Scheme Announcement: By next month

• Application Window: Expected to open shortly after

• Draw Date: Within 30–45 days post closing of applications

🏡 Plot Allocation and Possession Rules

• Only one application per person per category will be accepted.

• After successful draw, the possession will be handed over once full payment is made as per GMADA schedule.

• Transparent process — all draw results will be published publicly.

Checkout latest property listings – Residential – Commercial – Industrial

📈 Investment Potential — Why Eco City-2 Is the Future of Mohali Real Estate

1. Strategic Location

Eco City-2 is located near New Chandigarh, just a short drive from PGI, Sukhna Lake, and Chandigarh Airport Road.
It is surrounded by top educational institutions, hospitals, and upcoming commercial hubs, making it ideal for both living and investment.

2. Infrastructure & Connectivity

With GMADA’s continuous development, Eco City-2 offers:

• Wide internal roads

• Underground utilities

• Proximity to Medicity & IT City Mohali

• Easy access to NH-205 and Airport Road

3. Upcoming Developments

Several commercial projects, malls, and IT parks are under planning around this region, promising strong future appreciation.

🧠 Expert View: Why This GMADA Scheme Is Worth It

Real estate experts consider this GMADA draw scheme as one of the most lucrative opportunities for 2025 due to its price advantage, prime location, and government-backed credibility.

Buyers and investors who missed the 2021 GMADA draw now have a second chance to secure premium residential plots at minimal rates.

💬 Official Statement

According to Amardeep Singh Mahi, Additional Chief Administrator, GMADA,

“Work on the residential scheme for Eco City-2 Extension is in progress. The scheme is expected to launch next month. Full transparency will be maintained throughout the process.”

❓ Frequently Asked Questions (FAQs)

1. What is the GMADA Eco City-2 Extension Plot Scheme?

It’s a newly announced residential scheme offering 185 plots through a draw system. Plots of 500 and 1000 sq. yards will be allotted at collector rates — much lower than market prices.

2. What is the price of a 500 sq. yard plot under this GMADA scheme?

The approximate price is ₹3 crore, based on the current collector rate of ₹60,000 per sq. yard.

3. How much is the Earnest Money Deposit (EMD)?

Applicants need to deposit 10% of the plot’s cost:

• ₹30 lakh for 500 sq. yd. plots

• ₹60 lakh for 1000 sq. yd. plots

4. When will the GMADA draw take place?

The official draw date will be announced soon. The scheme is expected to launch next month, with the draw following within 45 days.

5. Who can apply for this scheme?

Any Indian citizen meeting GMADA’s eligibility criteria can apply. Only one application per category per person is allowed.

6. What happens if I don’t get a plot in the draw?

Your full EMD amount will be refunded without any deduction.

7. How can I get more help applying?

You can reach out to Garah Pravesh at 📞 7087949434 for free guidance, document support, and transparent property deals.

🏠 Conclusion: The Perfect Time to Invest in Mohali Real Estate

This GMADA Eco City-2 Plot Scheme 2025 is a once-in-a-decade opportunity for both homebuyers and investors. With government-backed transparency, collector-rate pricing, and premium location advantages, it’s an unbeatable deal in today’s real estate market.

Don’t miss this chance to own your piece of land near Chandigarh at an unbeatable price.

📞 Get best and transparent property deals with Garah Pravesh – Call or WhatsApp: 7087949434

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Checkout latest property listings – Residential – Commercial – Industrial

Also Read – Chandigarh UT to Hold Monthly Auctions for Over 700 Freehold Residential Plots – A Golden Opportunity for Buyers & Investors