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GMADA’s New Eco City-2 Scheme in New Chandigarh: 1 & 2 Kanal Plots via Draw of Lots

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  • • GMADA's Eco City-2 scheme launches in January 2026, featuring low-density residential plots in Hoshiarpur Village, New Chandigarh.
  • • Available plots include 1 Kanal and 2 Kanal sizes, with an estimated inventory of 153–185 residential lots.
  • • Pricing is significantly lower at ₹60,000 per sq yard, compared to current market rates of ₹1.2–1.5 lakh per sq yard.
  • • Allotment will be through a fair draw of lots, avoiding bidding wars and price surprises, ensuring transparency.
  • • The payment plan allows for manageable installments over three years, catering to families and investors seeking long-term value.

After months of anticipation, Greater Mohali Area Development Authority (GMADA) is preparing to roll out one of the most talked-about residential schemes in the Tricity region — the Eco City-2 Extension Residential Scheme, expected to launch in January 2026.

Set in Hoshiarpur Village, New Chandigarh, the scheme offers a rare combination most buyers chase but seldom find: low density, fixed pricing, and meaningful upside.

📍 Location

New Chandigarh – Eco City-2 Extension (Hoshiarpur Village)

Well connected to Chandigarh while retaining the open, planned character that New Chandigarh is known for.

🏡 Plot Sizes & Inventory

  • 1 Kanal (500 sq yards)

  • 2 Kanal (1,000 sq yards)

  • Estimated inventory: ~153–185 residential plots

    (Exact numbers to be confirmed at launch)

This is not a mass-housing scheme. Think fewer neighbours, wider roads, and long-term livability.

💰 Pricing Advantage (This Is the Big One)

  • Expected GMADA scheme rate: ~₹60,000 per sq yard
  • Current market rates nearby: ₹1.2–1.5 lakh per sq yard

In plain English: if you get allotted, you’re potentially stepping into ~50% notional equity on Day One. Not bad for a lottery ticket that doesn’t cost a kidney.

🎯 Allotment Mode: Draw of Lots

Unlike recent auctions where prices spiral faster than your stress levels, this scheme follows a fixed-rate, fair draw system.

  • No bidding wars
  • No last-minute price surprises
  • Allocation purely through a lottery system

Luck plays a role — but the rules are refreshingly clean.

📝 Payment Plan

  • Installment-based payment
  • Spread over 3 years, making it far more manageable than lump-sum auctions

Why This Scheme Stands Out

Recent GMADA auctions have favoured deep pockets. This one quietly shifts the advantage back to end users and long-term planners — families, professionals, and investors looking for land with breathing space and future value.

If New Chandigarh’s growth story plays out the way infrastructure and planning suggest, Eco City-2 Extension could age very well.

Sometimes, the smartest real-estate moves don’t shout — they just quietly compound.

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