Urban News

The redcard holder domicile of Punjab, who had not availed of the benefit of allotment of plot/house/flat/commercial site in any other scheme under this category from any government agency across the country in the past, could apply for the plots in seven different sizes between November 15 and December 14, GMADA Chief Administrator Vivek Pratap Singh told Newsline.

Special brochures for the scheme will be available at selected branches of SBI in Chandigarh, Mohali and all district headquarters in Punjab from November 15 at Rs 100 each. The scheme will close on December 14, following which the draw of lots will be conducted. The plots on offer include 32 of 1 kanal, 3 of 16 marla, 36 of 12 marla, 26 of 10 marla, 40 of 8 marla, 28 of 6 marla and 35 of 5 marla.

Singh said the refund to the unsuccessful applicants of the previous Aerocity scheme will begin from November 15 and was likely to be completed till November-end. “Refund will be made in order of draw of lots,” he said.

Of the total around 3.22 lakh applicants, GMADA owes over 3.18 lakh unsuccessful applicants around Rs 9,100 crore, which was earning almost Rs 1.5 crore daily on account of interest of the amount deposited as earnest money with the application forms. 

Even if applicants get back their money by first week of December, they will be save a month’s interest from the already paid in advance interest for six months on the earnest money advanced from the banks, which on an average had charged interest at the rate of 8 per cent per annum. For Rs 6 lakh earnest money advanced for 1 kanal plot, applicants had paid around Rs 24,000 advance interest.

Meanwhile, the scrutiny of successful candidates under various reserved categories has concluded. At a meeting of the Scrutiny Committee, on Monday at least five ineligible cases were detected in 1 kanal and 12 marla categories. “All ineligible applicants will not be alloted land and in turn those in waiting list will be considered,” said GMADA ACA Balwinder Singh Multani.