Several public and private sector banks were financing Earnest Money Deposit (EMD) for Greater Mohali Area Development Authority’s residential plots scheme in Eco City Phase-1. The last date to apply for Eco City Phase-1 plots scheme was on October 21, 2011.
Banks Financing of Earnest Money for the GMADA Eco City Phase-1 Residential Plots Scheme
Mohali (Punjab, India), November 04, 2015
The Greater Mohali Area Development Authority (GMADA) had launched a 740 residential plots scheme in Eco City Phase-1 in New Chandigarh (Mullanpur) in Punjab.
Registration or subscription for the GMADA Eco City Phase-1 residential plots scheme was open for the eligible applicants from September 21, 2011 to October 21, 2011.
GMADA Residential Plots at Eco City Phase-1, New Chandigarh: Earnest Money Deposit Scheme
Several public and private sector banks were financing the Earnest Money Deposit (EMD) for the Greater Mohali Area Development Authority’s residential plots scheme in Eco City Phase-1 in New Chandigarh to the Indian citizens who wanted to apply for the GMADA plots.
Currently, the banks were charging 11 to 15 percent per annum as the tentative rate of interest for the Eco City Earnest Money Deposit Scheme. In the Earnest Money Deposit Scheme, the banks offer total or 100% finance of the earnest money required to be deposited with the application form.
For the Earnest Money Deposit Scheme, the banks were entertaining only those applicants, who fulfilled all the terms and conditions that Greater Mohali Area Development Authority had framed for the Eco City Phase-1 plots scheme.
Greater Mohali Area Development Authority – Eco City Scheme
Greater Mohali Area Development Authority – Eco City Residential Plots Scheme
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Greater Mohali Area Development Authority – Current and Past Plans, Policies, Projects, and Schemes
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Punjab Urban Planning and Development Authority – Current and Past Plans, Policies, Projects, and Schemes
Punjab Government – Plans, Policies, and Projects
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