500 sqyd LOI in Pocket D — Aerotropolis, Mohali

Pocket D Aerotropolis land has demonstrated exceptional appreciation of 68.9% over the past 12 months, climbing from ₹63,656 per sqyard to the current market rate of ₹107,500 per sqyard, which reflects strong institutional interest in the GMADA Aerotropolis corridor as it moves toward development milestones. The listed property at ₹170,000 per sqyard significantly exceeds the prevailing market rate by 58%, positioning this 500 sqyard LOI at ₹8.5 crore well above fair value despite the area's documented appreciation trajectory. Recommendation: negotiate aggressively to bring the asking price closer to ₹107,500 per sqyard (fair value around ₹5.375 crore), as the current premium lacks justification even in a strong appreciation market and buyers should not reward overpricing regardless of positive price momentum.