1. Is New Chandigarh a good real estate investment?
Yes, New Chandigarh (Mullanpur) is recognized by top urban planners and financial institutions as one of the highest appreciating master-planned real estate corridors in Northern India. Planned as an eco-friendly low-density twin city to Chandigarh, it features over 10,000 acres of GMADA-regulated development, 200-foot wide arterial expressway corridors, and major institutional anchors like Medicity (Tata Memorial & Homi Bhabha Cancer Hospital) and Maharaja Yadavindra Singh International Cricket Stadium (PCA Mullanpur). Historical data reveals that plot values have increased from approximately ₹28,000/sq.yd in 2018 to over ₹75,000–₹95,000/sq.yd in 2026, delivering over 127% cumulative capital appreciation.
2. What are the current plot sizes in GMADA EcoCity Phase 1 & 2?
GMADA EcoCity 1 (comprising Sectors 5, 6, 7 & 8) and EcoCity 2 (Sectors 2 & 3) offer government-approved freehold residential plots in standard sizes: 100 Sq. Yd. (4 Marla), 200 Sq. Yd. (8 Marla), 300 Sq. Yd. (12 Marla), 400 Sq. Yd. (16 Marla), 500 Sq. Yd. (1 Kanal), and 1000 Sq. Yd. (2 Kanal). All sectors feature underground electrical wiring, stormwater drainage, piped sewage, wide 60 to 100 ft sector roads, and clear legal titles eligible for 80% to 90% institutional home loans from banks like SBI, LIC HFL, and HDFC.
3. What RERA documentation is needed for buying property in Mohali/New Chandigarh?
When acquiring property in New Chandigarh, buyers must verify: (1) The Punjab RERA Registration Number of both the project and the channel partner (Sharma & Co. RERA License: PBRERA-CHD04-REA0088); (2) GMADA Allotment Letter / Letter of Intent (LOI); (3) 30-year Non-Encumbrance Certificate (NEC); (4) Approved Layout Map signed by GMADA Chief Town Planner; and (5) Environmental and Forest NOCs. Buyers can verify project filings directly on the official Punjab RERA Portal (rera.punjab.gov.in) and town planning approvals on the GMADA Official Portal (gmada.gov.in).
4. What is the connectivity between New Chandigarh and Sector 17 / Chandigarh International Airport?
New Chandigarh is situated immediately adjacent to Sector 11, 12, and 14 of North Chandigarh. It offers an 8-minute commute to PGIMER Chandigarh and Panjab University, a 12-minute commute to Sector 17 commercial centre, and direct signal-free access via the 200-foot PR-7 Airport Expressway to Shaheed Bhagat Singh International Airport Mohali in approximately 25 minutes, avoiding the congested interior corridors of Chandigarh.