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Mohali development body takes online route to issue LoI for Aerotropolis project, Real Estate News, ET RealEstate

Mohali development body takes online route to issue LoI for Aerotropolis project, Real Estate News, ET RealEstate
MOHALI: In a first, Greater Mohali Area Development Authority (GMADA) has issued the letter of intent (LoI) to landowners whose land has been acquired for the Aerotropolis project from the first week of September through the online route.

The letter of intent will be delivered digitally as an SMS containing the link from where it can be downloaded, said Gmada chief administrator Pradeep Kumar Agrawal.

Agrawal said Gmada had acquired land to set up the Aerotropolis in the vicinity of the International Airport at Mohali. He said scrutiny of applications received from land owners who had applied for land pooling was going on and entitlement of around 650-700 acres of land was almost ready.

Threadbare scrutiny of applications was being carried out to prevent future hiccups after issuance of the letters of intent, said the chief administrator, adding that landowners would start getting the letters of intent in the first week of next month. Sending the letters as SMS would ensure quick delivery, he said.

The system would also reduce the time span of delivery of the LoI, which would be available on a click and the recipient would not be required to wait for days for postal delivery.

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