Amritsar Development Authority will offer possession of plots in ADA Amritsar Aero City scheme to successful applicants within a period of 12 months from the date of issue of allotment letter. You will have to take possession within 90 days.
Amritsar Development Authority – Ownership and Possession of the ADA Amritsar Aero City Residential Plots
Amritsar (Punjab, India), November 15, 2015
The Amritsar Development Authority (ADA) had launched a residential scheme of 428 freehold plots (ADA Amritsar Scheme Code: Aero City Plots Scheme) in Aero City, Amritsar in Punjab on May 18, 2015.
ADA Amritsar Aero City Residential Plots Scheme – Ownership and Possession of the Allotted Plot
The Amritsar Development Authority will offer possession of the plots to the successful applicants within a period of 12 months from the date of issue of allotment letter.
The possession of the said plot shall be handed over to the allottee after completion of development works at site or 12 months from the date of issuance of allotment letter, whichever is earlier.
For the purpose of record and documentation, if possession of the plot is not taken by the allottee within the stipulated period, it shall be deemed to have been handed over by the Amritsar Development Authority to the allottee on the expiry of said date.
Execution and Registration of Conveyance Deed for ADA Amritsar Aero City Residential Plots
The ownership of land shall continue to vest with the Amritsar Development Authority until full payment is made for all outstanding dues in respect of the said plot.
After payment of the entire outstanding money to the the Amritsar Development Authority, the allottee shall be required to execute a Deed of Conveyance in prescribed form and prescribed manner.
The allottee will be required to enter into legal documentation (execution and registration of Conveyance Deed) and take possession of the allotted plot within 90 days from the date of offer of possession or intimation to do so.
Payment of the Documentation Charges for ADA Amritsar Aero City Residential Plots
The allottee of plot shall bear the expenses for registration and execution of Conveyance Deed.
The allottee shall bear the cost and expenses of preparation, stamping, and registering of the legal documents and its copies and all other incidental expenses.
The allottee shall also pay the stamp duty of transfer of immovable property levied or any other duty or charge that may be levied by any authority for the said plot.
The Last Date for Submission of Application Forms for ADA Amritsar Aero City Residential Plots Scheme
The last date for submission of application forms for the ADA Amritsar Aero City residential plots scheme was on July 08, 2015.
Amritsar Development Authority – Aero City Plots Scheme
Amritsar Development Authority’s Freehold Residential Plots Scheme in Aero City, Amritsar in Punjab
Amritsar Development Authority – Plans and Projects
Amritsar Development Authority – Current and Past Plans, Policies, Programs, Projects, and Schemes
Punjab Urban Planning and Development Authority – Plans and Projects
Punjab Urban Planning and Development Authority – Current and Past Plans, Policies, Projects, and Schemes
Punjab Government – Plans, Policies, and Projects
Government of Punjab – Current and Past Residential Plans, Policies, Programs, Projects, and Schemes
Indian Government – Plans, Policies, and Projects
Government of India – Current and Past Residential Plans, Policies, Programs, Projects, and Schemes
