Punjab land pooling policy revised: Landowners can now choose residential or commercial plots in Mohali under GMADA’s new rules.
Under the revised land pooling policy, landowners in Punjab who have land purchased for institutional and industrial developments can now choose to sell their property for residential or commercial use.
For land purchased for mixed land use, exhibition, industrial, and institutional purposes, the Greater Mohali Area Development Authority (GMADA) is authorized by the Punjab Housing Department to provide these options.
In addition to upcoming projects, the revised policy will also apply to ongoing construction in the remaining developed sector pockets, including the GMADA projects in Mohali’s Sectors 84 and 87. After Cabinet clearance, Secretary of Housing and Urban Development Vikas Garg announced the changes.
A 1,000 square yard residential and 200 square yard commercial plot or a 1,600 square yard residential plot in an adjacent residential sector may now be selected by a landowner whose one acre is purchased for mixed use, exhibition, industrial, or institutional projects under the amended regulations. The policy previously provided a 1,600 square yard industrial or institutional plot for projects that were industrial or institutional, as well as an 800 square yard commercial plot for mixed-use buildings.
Also read: Punjab Government Introduces 360° Virtual Experience for Guru Tegh Bahadur Ji
The previous allocation for the purchase of a one-acre residential plot was 100 square yards for domestic use and 200 square yards for commercial use. A residential plot of 1,600 square yards is now available to the landowner.
In order to meet the scheme’s qualifying requirements, small landowners were already permitted by the government to merge their plots. In order to qualify for both residential and commercial plots, up to eight landowners who each own one kanal can now combine their holdings to form one acre. A government official clarified that eight people who each possess one kanal can combine their properties to make one acre.