MullaNpur Garibdas — a small town on the outskirts of Chandigarh — has a deceptive name. Soon, this town will witness a spate in real estate investment as the country’s top realty players are eyeing it for big township projects.

It is learnt that the cumbersome process of land acquisition is already under way. Leading the pack is DLF, which plans to set up a 1,000-acre township.

The company has acquired 400 acres of land for the first phase; acquisition for the second phase will begin shortly.

Similarly, another real estate big shot from Delhi, Omaxe, plans to set up a township and has acquired nearly 280 acres for the project.

Secretary of the Housing and Urban Development of Punjab, Arun Goyal, said,

“It is difficult to provide further details right now. The first step is the submission of the master plan by Jurong International. Details shall be finalised only after that.”

The Greater Mohali Area Development Authority (GMADA) has signed an agreement with Jurong International to prepare the regional development plan and master plans of areas and towns situated in its jurisdiction. Sources said the Singapore-based company had already submitted a master plan, which was rejected by the Punjab Government.

They are working on a new one now.