Mohali will have Information and Knowledge City on 1,500 acre land adjoining Aerocity. As per a decision taken by the state government on Wednesday, of the total land to be acquired for the project, 40% will be used for the development of IT industry, 35% for residential purpose and remaining 25% for commercial activity.
In a meeting chaired by Punjab chief minister Parkash Singh Badal, in principle approval was given to the project and land for the new venture will be acquired in four sectors adjoining Aerocity. Greater Mohali Area Development Authority (GMADA) has been entrusted with the job of developing the new project.
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