Latest on Mohali projects

Mohali is striding ahead in the Tricity in the field of urban development with major projects like Eco City Phase I and II, Medicity, Aerocity, IT City and group housing (about 6,000) flats in its kitty. Over the next few years, the Greater Mohali Area Development Authority (GMADA) is coming up with development projects planned over approximately 3,400 acres. Land acquisition for all these projects has been a smooth affair on account of the state’s lucrative policy, which has been friendly to land owners and ensured their complete cooperation. Take a look at all that GMADA has managed to acquire without causing as much as a ripple, while neighbouring Haryana is still battling land-owners in diverse areas. The highlights of Mohali’s masterplan for development are 800 acres for Aerocity, 419 acres for Eco City Phase I, 375 acres for Eco City Phase II (both at Mullanpur), 1,700 acres for IT City, 97 acres for Medicity, and 680 acres for Sectors 88 and 89.GMADA gives land owners a choice between either cash compensation or land-pooling within the project or its vicinity. The state’s winning card has been the land-pooling scheme, which makes land-owners stakeholders in the development of the area. In almost all the projects, more than 90 per cent of land-owners have rejected cash compensation ranging from Rs 1.20 crore to 1.694 crore per acre (depending on the project), and have opted for land-pooling. For each acre given by the owner, GMADA offers two residential plots measuring 500 square yards (one kanal each) or one residential plot of 1,000 square yards (two kanals) and a commercial plot measuring 100 square yards.Even for IT City, Sectors 88 and 89 where land has been freshly acquired, almost all the owners have rejected compensation of Rs 1.694 crore per acre and have chosen plots instead. Part of the Dream Weave Walk Network 1998-2012