Punjab approves financial district plan at city centre Mohali

by Punjabnewswire4u

CHANDIGARH, NOV 22

The Punjab Government has approved to acquire 5250 acres of land in Mulanpur area under land pooling scheme to ensure its development in an integrated manner. 

Disclosing this here today a spokesperson of the CMO said that a decision to this effect was taken during 14th meeting of Greater Mohali Area Development Authority under the Chairmanship of Punjab Chief Minister Mr. Parkash Singh Badal here at CMO this afternoon. It was informed in the meeting that at present the private land promoters were developing nearly 1275 acres of land in a haphazard manner contrary to the approved Mulanpur Master plan of the GAMADA thereby flouting the requisite norms to ensure grid roads and city level infrastructure.

The authority also approved to acquire 162 acres of land under land pooling scheme in addition to 326 acres of already acquired land for the extension of Medicity phase II and Eco-city Phase II as per the Mulanpur Master Plan.

In another significant decision the Chief Minister also approved to setup a ‘Financial District complex’ over an area of 34.27 acres in the City Centre, Sector 62, Mohali to facilitate all financial institutions like Banks, Stock Market and Insurance Companies to establish their offices.

The authority further approved to soon finalise the policy for the auction of various commercial and residential vacant sites in the urban area of Mohali.  It was also decided in the meeting to allot 2.06 acres of land to the National Institute of Public Cooperation and Child Development (NIPCCD), New Delhi for the establishment of their Regional Centre in Sector 79, Mohali free of cost under CDS scheme. 

Prominent amongst others who were present in the meeting included Chief Secretary Mr. Rakesh Singh, Principal Secretary Local Government Mr. Suresh Kumar, Principal Secretary to Chief Minister and Housing & Urban Development Mr. SK Sandhu, Principal Secretaries to Chief Minister Mr. Gaggandip Singh Brar Secretary Expenditure Mr. Jaspal Singh, Director Local Govt. Mr. AK Sinha and ACA GMADA Mr. Manjit Singh.