Tag: Mohali land acquisition

IndustryLatest Stories

Hero Realty Acquires 8.71 Acres in Mohali for ₹262.75 Crore

Representative image created by AI Hero Realty, through its subsidiary Vikas Parks Pvt. Ltd., has acquired a prime 8.71-acre land parcel in Sector 99, Mohali, through an auction held by the Greater Mohali Area Development Authority (GMADA) for ₹262.75 crore, according to sources familiar with the matter. The company plans to develop a residential project. “Mohali has always been a strategically important market for us. We continue to explore new collaborations to further enhance our presence in northern Indian cities,” stated Rohit Kishore, CEO of Hero Realty. Hero Realty has already established a footprint in Mohali with its Hero Homes…

InfrastructureLatest Stories

Setback for GMADA’s land pooling policy in Mohali

Representative image MOHALI: The Greater Mohali Area Development Authority’s (GMADA) ambitious land pooling policy has faced significant pushback, with only 51 applications received from nearly 8,000 eligible landowners after a two-month campaign to acquire 2,600 acres for urban development. The initiative, intended for regulated growth across Sectors 84, 87, 101–103, and 120–124 along the PR-7 road, has met fierce opposition from local farmers and political parties. Protests organized by Congress have already occurred, with the Shiromani Akali Dal planning similar actions soon. Farmer organizations from villages like Patton, Siaou, Badi, Kishanpura, Kurdi, and Matran have submitted a formal memorandum to…