100 sqyd LOI in Aerotropolis, Mohali

Over the past 12 months, Pocket A Aerotropolis land prices surged 36.6%, climbing from ₹73,201/sqyd to the current market rate of ₹100,000/sqyd, driven by infrastructure progress and investor confidence in the GMADA Aerotropolis corridor. This 100 sqyd LOI is listed at ₹121,000/sqyd, a 21% premium over the existing market rate of ₹100,000/sqyd, placing it above fair value in a market that has already captured significant appreciation in a single year. Recommendation: Negotiate strongly for a 15-20% price reduction to align with current market rates around ₹100,000-₹105,000/sqyd, or wait for correction as momentum-driven pricing typically stabilizes after such rapid gains; buying at the asking price exposes you to downside risk without corresponding upside potential.