The 1,653-acre township is an extension of GMADA’s Aerocity and will comprise both residential and commercial spaces.
Punjab chief minister (CM) Bhagwant Mann on Monday gave a go-ahead for setting up an ultra-modern township “Aerotropolis”, the seventh independent township in the Mohali master plan.
A decision to this effect was taken in a meeting of the housing and urban development department, chaired by the CM here.
The 1,653-acre township is an extension of GMADA’s Aerocity and will comprise both residential and commercial spaces. Situated in the vicinity of Chandigarh International Airport, it will come up on both sides of the Zirakpur-Banur road. There are around 8,500 residential plots, ranging from 100 square yards to 2,000 square yards. GMADA will be developing four pockets, A, B, C, and D.
According to the CM, the proposed township will provide affordable housing facilities to the people tricity. He asked the officers of urban development department and Greater Mohali Area Development Authority (GMADA) to give their proposal.
He added that Mohali has the best road network, air and rail connectivity, so a proposed township in its vicinity has a huge potential of growth and progress. He also asked the officers to explore the feasibility of shifting the upcoming medical college in Mohali on a new stretch of land.
A senior GMADA official, who is associated with the project, said, “We are launching the scheme in May this year at a cost of ₹33,000 per square yard,” he said.
The official further said, “GMADA has already floated tenders for construction of outer roads and even the process of cutting the trees is on.”
GMADA had started the process of land acquisition for Aerotropolis in May 2017.
Of 1,653 acres, owners of 1,456 acres have applied for land pooling. Through the land pooling scheme, owners will be provided residential or commercial plots instead of monetary compensation in lieu of their land.
