Latest news with #PurabPremiumApartments
Indian Express
21-05-2025
- Business
- Indian Express
Mohali: Purab Premium auction turns into another flop show as only 10 of 227 flats gets sold
In another setback for the Greater Mohali Area Development Authority (GMADA), the third e-auction of the high-profile Purab Premium Apartments in Sector 88 failed to generate the expected response. Out of 227 flats on offer, only 10 units were sold, bringing in a modest Rs 11.45 crore in revenue. According to official records, the highest bid came from Joshnoor Singh Brar, who secured a Type 3 flat (3BHK with servant room) for Rs 1,28,79,969.75 (Rs 1.28 crore), making it the costliest sale in this round. The only Type 2 (2BHK) flat was purchased by Parkash Singh for Rs 90,33,501.29 (Rs 90. 33 lakh). Among the remaining successful bidders were Nitin Jain, Harish Kumar, Navdeep Kumar Garg, and Amandeep Singh, all of whom acquired Type 3 flats with per-unit bid values ranging from Rs 39,248.28 to 44,250.42. This was the GMADA's third attempt to sell the project's units through e-auction. A similar exercise in September 2023 offered 550 flats, but attracted only 313 applications, leading to a failed outcome. In the current round, the GMADA listed flats under three categories: Type 1 (1BHK), Type 2 (2BHK with servant room), and Type 3 (3BHK with servant room) priced between Rs 60 lakh to Rs 1.12 crore. Eligibility deposits were set at Rs 5 lakh for Type 1 and Type 2, and Rs 7.5 lakh for Type 3. Successful bidders are required to pay 10 per cent of the bid upfront, followed by 25 per cent before possession, according to the GMADA guidelines. Despite repeated efforts and heavy publicity, the poor response raises serious concerns about pricing, location, and the current demand for premium housing in the Mohali region.
Hindustan Times
12-05-2025
- Business
- Hindustan Times
GMADA plays with fire, puts up Purab Premium flats for sale sans safety nod
The Greater Mohali Area Development Authority (GMADA) on Saturday set in motion the e-auction of 227 unsold flats at Purab Premium Apartments in Sector 88. But it has left out an important detail: the project, even after seven years of construction, lacks the fire no-objection certificate (NOC), highlighting the authority's apathy and leaving hundreds of residents vulnerable to potential fire disasters. In the ongoing auction, the reserve price for a three-bedroom flat has been set at ₹1.12 crore, while a two-bedroom flat is priced at ₹89 lakh and a one-bedroom flat at ₹60 lakh. The auction is scheduled to conclude on May 19. Once touted as a game changer among high-rise residential projects in Mohali, Purab Premium Apartments have since failed to meet expectations and are, in fact, facing mounting criticism over shoddy infrastructure. In 2017, GMADA constructed a total of 1,620 flats of three types (Type-I, Type-II, and Type-III) in Sector 88. Of these, 1,115 have already been allotted, including 167 flats earmarked for government employees. Of the remaining unsold flats, 227 have now been put up for auction. The project comprises 27 towers, each housing 60 flats. A senior fire officer from Mohali stated that the project could not secure a fire NOC in absence of compliance with fire safety directives. 'There are several anomalies and unless these are addressed, the NOC will not be granted,' the officer said, not wishing to be named. On GMADA's part, chief administrator Vishesh Sarangal said, 'As far as the fire NOC is concerned, I am not aware of the current status and will take it up with the engineering department. If the NOC has not been issued, it is indeed a serious matter.' The project is also in legal crosshairs over blatant environmental violations. In February this year, the National Green Tribunal (NGT) had come down heavily on GMADA over this and directed then chief administrator Moneesh Kumar to conduct an inquiry to identify officers responsible for these violations and submit an action-taken report to its registrar general within three months. Sarangal confirmed that the inquiry was in its final stage and action will soon be taken against the guilty officials. Moreover, over two years after the Punjab Pollution Control Board (PPCB) in September 2022 imposed a compensation of ₹1.02 crore on GMADA for the environmental violations at the project, the tribunal had asked the board to impose further penalty on the authority. While GMADA had paid the penalty for violations committed between August 31, 2022, and March 31, 2023, the NGT observed that violations occurred both before and after this period. The tribunal's action came following a petition by the Purab Premium Apartments Allottees Association and resident SK Loona, accusing GMADA of violating essential Environmental Clearance (EC) conditions, including non-installation of a Sewage Treatment Plant (STP). Speaking to HT, Loona said, 'It's shocking that the project lacks a fire NOC even seven years after construction. GMADA has also ignored environmental norms, putting residents' lives at risk.' Project also under vigilance scanner What's more, the project also came under the scanner of the Punjab Vigilance Bureau. In November 2020, residents filed a written complaint alleging the use of sub-standard construction material. They claimed that the promises made in the promotional brochure were not reflected in the Detailed Notice Inviting Tenders (DNIT), and raised concerns over serious financial irregularities. The contract for the project was awarded to Simplex Infrastructure Private Limited. Following the complaint, the Vigilance Bureau collected samples of the construction material used in the project. However, even after five years, the report is still awaited.
