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December 4, 2023 8:31 am

Mohali: Purab Premium Apartments allotment scheme concludes

The Fact News Service
SAS Nagar, August 19

Riding on the response generated, Greater Mohali Area Development Authority has decided against further extending the scheme launched for allotment of 550 Purab Premium Apartments situated in Sector 88, SAS Nagar. The scheme concluded today.

Disclosing this, Rajiv Kumar Gupta, chief administrator, stated that total 550 apartments including 130 type-I with each priced at Rs. 54 lakh, 200 type-II of price Rs. 80 lakh each and 220 type-III apartments each priced at Rs. 101 lakh were offered in the scheme.

Applications were being received in different branches of the banks associated in the scheme for the purpose of finance as well

as sale and collection of the applications and going by the information being received from the banks, we are hopeful of getting good response from the general public, stated the chief administrator.

Though the scheme would end on August 18, to give another chance to those who could not apply because of any reason and require more time to deliberate and make-up their mind, GMADA would dispose of the leftover apartments, if any, in the scheme by charging 1% increment on monthly basis on the tentative price on which apartments were offered in the ongoing scheme, said Gupta.

This window to make applications will open on 1 st September. Those interested thus would be able to submit application every month and would be required to pay the price prevailing at the time of submission of the application, he said.

Where, deputy commissioner, SAS Nagar has requested GMADA to book 3 residential towers comprising one each of Type I, II and III apartments,

Department of Medical Education and Research has also approached the development authority for purchasing some apartments in the project.

Counting on the major attractions of the project, the chief administrator stated that the apartments offered in the scheme were ready to move and possession to the allottees would be given only on payment of 25% amount of the total price.

Purab Premium Apartments project has come up on sprawling 37 acres and is centrally located and easily accessible from the international airport, district administrative complex and renowned educational and health institutes, he said.

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