Question 1

What is Mohali Aerotropolis?

Accepted Answer

Mohali Aerotropolis is a 5,500-acre GMADA-planned township adjacent to Shaheed Bhagat Singh International Airport, Chandigarh. It is divided into 9 pockets (A–I). Pockets A, B, C, and D are active — LOIs (Letters of Intent) have been issued. Pockets E–I are in various stages of land acquisition and planning.

Question 2

What is a GMADA LOI?

Accepted Answer

An LOI (Letter of Intent) is a document issued by GMADA confirming plot allotment. Original allottees received LOIs directly from GMADA. In the secondary market, investors buy and sell LOIs. The actual sale deed (registry) and possession happen after GMADA completes infrastructure — estimated 2027–28 for Phase 1.

Question 3

Who is GMADA?

Accepted Answer

GMADA (Greater Mohali Area Development Authority) is a statutory body of the Government of Punjab responsible for planned development in the Greater Mohali region. It is a government developer — making Aerotropolis investments more secure than private developer projects, though timelines are subject to government processes.

Question 4

When will possession happen in Aerotropolis?

Accepted Answer

For Pockets B, C, and D where grid road construction is 40% complete, possession is estimated in 2027–28. Pocket A has a court case on 927 acres which may delay possession in that area. Pockets E–I are much further away — likely 2028–30 at earliest.

Question 5

What is the current LOI price in Aerotropolis?

Accepted Answer

As of March 2026: Pocket A residential ₹50,000–54,000/sqyd, Pocket B ₹40,000–43,000/sqyd, Pocket C ₹38,000–41,000/sqyd, Pocket D ₹37,000–40,000/sqyd. Commercial LOIs are 25–35% higher. Prices are from active dealer listings — see our live price tracker.

Question 6

Which pocket is best to buy in Aerotropolis?

Accepted Answer

It depends on budget and risk appetite. Pocket A is premium (highest appreciation potential, NRI favourite) but has a court dispute on 927 acres — avoid disputed lots. Pocket B is the best risk-adjusted option in 2026 — dispute-free, active road construction, strong demand. Pocket D offers the most affordable entry point.

Question 7

How much has Aerotropolis LOI appreciated historically?

Accepted Answer

Aerotropolis LOIs have appreciated approximately 15–20% year-on-year over the last 3 years. Pocket A has shown the strongest appreciation, followed by Pocket B. However, past performance is not a guarantee of future returns.

Question 8

What are the transaction costs when buying an Aerotropolis LOI?

Accepted Answer

Total transaction cost is approximately 8–9% of the deal value: Stamp duty 6–7% + Registration 1% + GMADA transfer fee ₹10,000–15,000 + broker commission (typically 1–2% paid by seller). Budget for this when calculating your investment.

Question 9

Why are sub-registrar values lower than market prices?

Accepted Answer

In Punjab, stamp duty on property registrations is paid on government "collector rates" — not actual market prices. Collector rates are typically 20–50% below market rates. This is a widespread practice. Our price data is based on actual asking prices from active dealer listings, not registry values.

Question 10

How do I buy an Aerotropolis LOI?

Accepted Answer

1) Find a listing (through MA.com, your broker, or WhatsApp groups). 2) Verify LOI documents — check LOI number, allottee name, plot details. 3) Pay bayana (token) to secure the deal. 4) Complete payment and execute sale agreement. 5) Apply for GMADA LOI transfer — submit documents, pay transfer fee. 6) Receive new LOI in your name. 7) Apply for Intkal (mutation) in revenue records.

Question 11

What documents do I need to verify before buying an LOI?

Accepted Answer

Essential documents: Original LOI from GMADA, NDC (No Dues Certificate), previous transfer documents (if it has changed hands before), seller's ID proof. Verify the LOI number on GMADA's website or visit GMADA office to confirm authenticity. Never buy without seeing original documents.

Question 12

Can an NRI buy an Aerotropolis LOI?

Accepted Answer

Yes. NRIs can purchase Aerotropolis LOIs under general RBI permission for immovable property in India. Payment must be through proper banking channels (NRE/NRO account). No prior RBI approval needed. Repatriation of sale proceeds is allowed for NRI purchases. FEMA compliance is required. Recommend consulting a CA for NRI-specific tax implications.

Question 13

What is BOOKED DEAL in dealer groups?

Accepted Answer

"BOOKED DEAL" means a broker has paid bayana to the original owner and secured the property. The property is AVAILABLE for sale — not sold. The broker is marketing it to find an end buyer. This is very common in Punjab real estate — you can buy a BOOKED DEAL property from the broker.

Question 14

What is the price difference between Pocket A and Pocket B?

Accepted Answer

As of March 2026: Pocket A residential LOI is ₹50,000–54,000/sqyd vs Pocket B at ₹40,000–43,000/sqyd. Pocket A commands a ~25% premium over Pocket B.

Question 15

Why is Pocket A more expensive?

Accepted Answer

Pocket A is the most premium pocket — it has the embassy cluster (6 embassy plots), 64 parks (57.98 acres of green), a sports club, and faces the airport directly. It was the first pocket with LOI issuance and has the most developed secondary market.

Question 16

Is Pocket A safe to buy given the court case?

Accepted Answer

The court dispute affects 927 acres within Pocket A. Before buying, verify your specific plot is NOT in the disputed area. Ask the seller for NDC and check with GMADA whether the specific LOI number is from the undisputed area. Undisputed Pocket A plots are fine — just verify first.

Question 17

Which has better ROI — Pocket A or Pocket B?

Accepted Answer

Pocket B currently offers better risk-adjusted returns. It is dispute-free, has active grid road construction, and still has significant appreciation potential at current prices. Pocket A has higher absolute price but also higher risk due to the court case. Most advisors recommend Pocket B for new investors in 2026.

Frequently Asked Questions

Pocket A vs Pocket B