GMADA all set to launch airport city

While the SBI has already been empanelled for the job,several other leading nationalised and private-sector banks are also approaching GMADA to be party in the offer of allotting a house at an affordable rate which will be in the vicinity of the upcoming international airport in Mohali.

“We are ready with the brochures but the SBI authorities are still working on certain modalities to set up a mechanism in their network for implementing the scheme,” said GMADA Chief Administrator Vivek Partap Singh,while hinting at the launch within a couple of days.

Singh said once the SBI gets ready for the launch,all other banks interested to get empanelled would be considered and decided. “We would allow all other interested banks provided they agree to abide by the terms and conditions we had already finalised with the SBI,” said he,while adding that the entire demand of brochures would be met by making their ample availability all through the scheme period of probably one month.

Initially,GMADA has got published around 50,000 brochures,each priced at Rs 100,but more would be published as and when required.

Citing the past experience,a GMADA official said on average almost 60 per cent of the total sold brochures are submitted back. “Since we are offering 3,950 plots,we anticipate around 30,000 applications,according to which we have prepared 50,000 brochures,” he revealed.

Meanwhile,GMADA has already distributed around Rs 600 crore compensation to owners of land acquired for the project and the remaining compensation of around Rs 400 crore would now be given at the doorsteps of the landowners.

With the owners of around 120 acres opting for Land Pooling Scheme (LPS),GMADA is paying around Rs 1,000 crore cash compensation for remaining over 651 acres acquired land at the rate of Rs 1.5 crore per acre.

“Tomorrow,we would wind up with the distribution of compensation cheques at our office and would distribute the remaining cheques at two special camps being held in villages,” said GMADA ACA Balwinder Singh Multani.

While the first camp would be held at Naraingarh village on May 18 to cover Naraingarh,Chhat and Kishanpura,the second camp would be held at Bakarpur village on May 20 for Bakarpur,Chachumajra and Manauli. The daylong camps will begin at 11 am.