Eco City-3 Environmental Clearance: What It Means for Plot Buyers in New Chandigarh

What happened?

The Times of India reported that GMADA's Eco City-3 project in the Mullanpur area of New Chandigarh has received environmental clearance from the Punjab State Environmental Impact Assessment Authority. The township covers 716 acres across nine villages, and the paper listed Rasulpur, Salamatpur, Dhode Majra, Takipur, Rajgarh, Majra, Kartarpur, Kansala and Hoshiarpur.

According to the report, a GMADA public notice describes residential and commercial development. Residential plots are to be allotted through a draw of lots and commercial sites through open auction. The scheme runs under GMADA's land-pooling policy, where landowners become partners in development.

The Times of India added that a senior GMADA official called the clearance a significant milestone, while noting that further approvals and development work will decide how fast the project moves. The authority is also proceeding with Eco City-4, a proposed residential township of around 526 acres.

Which sectors are affected?

• New Chandigarh (Mullanpur)
• Mohali district residential plots
• Authority-developed townships
• Commercial sites sold by auction

Potential impact

An environmental clearance removes one regulatory obstacle; it does not put plots on sale. Pricing, launch timing, plot sizes and the draw schedule have not been announced in the report, so any effect on rates around Mullanpur is speculative for now. Our data puts the Mohali average at 6,900 rupees per sq ft, a useful reference point once GMADA publishes its rates.

A large block of planned plots could add choice for buyers and give private sellers in the belt more competition over time. Land pooling can also be slow if landowner formalities drag. Demand for plotted land in the belt may firm up as launch dates become clearer, but nothing in the report supports a price forecast. Rental effects are likely to be minimal, since this is plotted supply that takes years to be built on.