For the Punjabi diaspora who built wealth abroad and want it working at home. This is not a guide for NRI tourists buying a flat in Chandigarh. This is for the investor who wants to understand the asset class, the compliance framework, and the real return — before picking up the phone.
A Letter of Intent (LOI) is a GMADA-issued document that confirms allotment of a specific plot in the Aerotropolis. It is not a registry deed — possession and registry happen after the township is developed. But the LOI is fully tradeable: you can buy, sell and transfer it on the secondary market. This is what most NRI investors are purchasing today.
The LOI market is the Aerotropolis's secondary market. Prices are quoted in ₹/sqyd. A 200 sqyd residential LOI in Pocket A currently trades at ₹100,000/sqyd. Five years ago it was around ₹16,000/sqyd. That is approximately 3.5× appreciation in five years — not including any rental income, because the plots are not yet physically developed.
The investment thesis is straightforward: you are buying a government-backed land entitlement in a planned 5,500-acre township adjacent to an international airport, at a stage where the infrastructure is under construction but not yet complete. The window between "under construction" and "possession granted" is historically the highest-appreciation phase of any planned township.
Every LOI transaction is different. Verify the chain of endorsements on the original document. Confirm the GMADA record independently. Use a lawyer who has handled GMADA transfers before. Do not rely on this guide as legal or financial advice — it is editorial research, not professional counsel.
