GMADA (Greater Mohali Area Development Authority)
The Greater Mohali Area Development Authority (GMADA) came into force in 2006 under the Punjab Region & Town Planning and Development Act, 1995. The main focus of this government body is to systematically plan and remodel the areas that come under its jurisdiction. Banur, Derabassi, Fatehgarh Sahib, Kharar, Mandi Gobindgarh, Mohali, Mullanpur, Roopnagar, & Zirakpur are the main areas the authority manages.
GMADA land acquisition has changed the pace of infrastructural development in Mohali and other regions of Punjab. The authority is dedicated to building a luxury lifestyle in the covered territories.
GMADA has acquired a land area of 2600 acres in Punjab for its modernization and redevelopment. The authorized body oversees the quality of under-development or already-developed real estate projects approved by GMADA. Not every project and location in the Punjab region is approved by the authority. Only those projects that fulfill the standard criteria get sanctioned.
How GAMADA’s 2600-Acre Acquisition Will Shape Mohali’s Future?
GMADA’s 2600-acre acquired land is reshaping the living standards in Mohali & Zirakpur areas. These locations are among those hot spots where investors are anytime willing to invest in commercial, land-based, rental, or residential properties. You need to stay up-to-date for Mohali real estate updates to know more about the upcoming real estate projects backed by foreign investment.
1. Allocation Of Land To Specific Sectors
The government body has allocated the total acquired land to specific sectors. 236 acres of large are allocated to Commercial Development, 321 acres are allocated to Industrial Development, 313 acres are allocated to Institutional Development, and 1800 acres of land is allocated to Residential Development. This systematic allocation will help builders and developers to develop specific sectors only on the allocated land areas.
2. Commercial & Industrial Hub Development
Mohali & Zirakpur are becoming commercial & industrial hubs in the Punjab region near Chandigarh City. This development is attracting foreign direct investment, MNCs, and other big retail sectors to invest in industrial growth. In the past couple of decades, we have witnessed tremendous reformation of industrial areas in these locations. Many new business units are opening, and ample employment opportunities are coming up.
3. Encouraging High-Quality Infrastructure
Mohali and Zirakpur fall under the region of SAS Nagar, and it is now upgraded to premium-quality infrastructure. The latest construction techniques are being used to develop societies and communities. Upgraded designs, furniture and fixtures, modular kitchen designs, and systematic drainage systems are being installed for better living standards. In the future, more upgradation can take place as GMADA is all set to reshape the region.
4. Future Growth
The future of Mohali & other parts of the Punjab region that come under the jurisdiction of GAMADA will grow at a rapid pace. The authorities are sanctioning projects and developing sites with all the latest amenities, features, and offerings. Soon, these areas will be epicentres for the commercial sector, institutional sector, industrial sector, and residential sector. These areas will be focused on other areas of improvement to make these cities and sub-cities major real estate investment sites.
5. Land Pooling Through Urbanization
Land pooling is the latest method where the lands are taken from landlords, and they are offered developed commercial and residential plots. The exchange of trade is done ethically to make this deal a win-win for all. Land pooling will increase the land value after the development, and it will encourage more investors in such sites.
6. Planned Development
GMADA controls the quality of any development process that takes place under their jurisdiction. They focus on planned development through systematic land allotment to different sectors, quality materials used, offering the latest amenities, advanced features, hi-tech equipment, and world-class infrastructure. The areas are developing sector-wise for better mapping.
Conclusion
If you want to know more about GMADA and its practices to make the territory more progressive and developed, you can refer to any trusted online property portal. Get in touch with the team of “Property Scroll”, and get all the latest updates about market trends. GMADA’s initiative has put a ban on illegal land captures, and unlawful encroachment by the people. The authority is developing the 2600-acre land project for the growth and redevelopment of people in Punjab. You can read more about GMADA online to have a better understanding of it.
