{"id":3009,"date":"2015-11-04T19:35:18","date_gmt":"2015-11-04T14:05:18","guid":{"rendered":"http:\/\/www.theteamwork.com\/articles\/?p=3009"},"modified":"2015-11-04T23:12:17","modified_gmt":"2015-11-04T17:42:17","slug":"2016-1412-gmada-eco-city-phase-1-plots-scheme-earnest-money-finance","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/articles\/2016-1412-gmada-eco-city-phase-1-plots-scheme-earnest-money-finance.html","title":{"rendered":"GMADA Eco City Phase-1 Plots Scheme &#8211; Earnest Money Finance"},"content":{"rendered":"<p><strong>Banks Financing of Earnest Money for the GMADA Eco City Phase-1 Residential Plots Scheme<\/strong><\/p>\n<p>Mohali (Punjab, India), November 04, 2015<\/p>\n<p>The Greater Mohali Area Development Authority (GMADA) had launched a 740 residential plots scheme in Eco City Phase-1 in New Chandigarh (Mullanpur) in Punjab.<\/p><div data-ad-id=\"8601\" style=\"text-align:left; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw-ga afw_ad afwadid-8601  \">\r\n                                                                <script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><ins class=\"adsbygoogle\" style=\"background:none;display:inline-block;width:300px;height:600px\" data-ad-client=\"ca-pub-7798450846111448\" data-ad-slot=\"6557536103\">\r\n                                                                <\/ins>\r\n                                                                <script>\r\n                                                                        (adsbygoogle = window.adsbygoogle || []).push({});\r\n                                                                <\/script>\r\n                                                                \r\n                                                        <\/div>\n<p>Registration or subscription for the GMADA Eco City Phase-1 residential plots scheme was open for the eligible applicants from September 21, 2011 to October 21, 2011.<\/p>\n<p><strong>GMADA Residential Plots at Eco City Phase-1, New Chandigarh: Earnest Money Deposit Scheme<\/strong><\/p>\n<p>Several public and private sector banks were financing the Earnest Money Deposit (EMD) for the Greater Mohali Area Development Authority\u2019s residential plots scheme in Eco City Phase-1 in New Chandigarh to the Indian citizens who wanted to apply for the GMADA plots.<\/p>\n<p>Currently, the banks were charging 11 to 15 percent per annum as the tentative rate of interest for the Eco City Earnest Money Deposit Scheme. In the Earnest Money Deposit Scheme, the banks offer total or 100% finance of the earnest money required to be deposited with the application form.<\/p>\n<p>For the Earnest Money Deposit Scheme, the banks were entertaining only those applicants, who fulfilled all the terms and conditions that Greater Mohali Area Development Authority had framed for the Eco City Phase-1 plots scheme.<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-1401-greater-mohali-area-development-authority-eco-city-scheme.html\"><strong>Greater Mohali Area Development Authority &#8211; Eco City Scheme<\/strong><\/a><br \/>\nGreater Mohali Area Development Authority &#8211; Eco City Residential Plots Scheme<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-1062-greater-mohali-area-development-authority-plans-projects.html\"><strong>Greater Mohali Area Development Authority &#8211; Plans and Projects<\/strong><\/a><br \/>\nGreater Mohali Area Development Authority &#8211; Current and Past Plans, Policies, Projects, and Schemes<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-1129-punjab-urban-planning-development-authority-plans-projects.html\"><strong>Punjab Urban Planning and Development Authority &#8211; Plans and Projects<\/strong><\/a><br \/>\nPunjab Urban Planning and Development Authority \u2013 Current and Past Plans, Policies, Projects, and Schemes<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-2029-punjab-government-plans-policies-projects.html\"><strong>Punjab Government &#8211; Plans, Policies, and Projects<\/strong><\/a><br \/>\nGovernment of Punjab &#8211; Current and Past Residential Plans, Policies, Programs, Projects, and Schemes<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-2001-indian-government-plans-policies-projects.html\"><strong>Indian Government &#8211; Plans, Policies, and Projects<\/strong><\/a><br \/>\nGovernment of India \u2013 Current and Past Residential Plans, Policies, Programs, Projects, and Schemes<\/p>\n<div data-ad-id=\"8684\" style=\"text-align:left; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw-ga afw_ad afwadid-8684  \">\r\n                                                                <script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><ins class=\"adsbygoogle\" style=\"background:none;display:inline-block;width:336px;height:280px\" data-ad-client=\"ca-pub-7798450846111448\" data-ad-slot=\"2905808847\">\r\n                                                                <\/ins>\r\n                                                                <script>\r\n                                                                        (adsbygoogle = window.adsbygoogle || []).push({});\r\n                                                                <\/script>\r\n                                                                \r\n                                                        <\/div><\/p>","protected":false},"excerpt":{"rendered":"<p>Several public and private sector banks were financing Earnest Money Deposit (EMD) for Greater Mohali Area Development Authority\u2019s residential plots scheme in Eco City Phase-1. The last date to apply for Eco City Phase-1 plots scheme was on October 21, 2011.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[2619,2631,2610,2627,2613],"class_list":["post-3009","post","type-post","status-publish","format-standard","hentry","category-punjab-government","tag-eco-city-phase-1-scheme","tag-gmada-earnest-money-finance","tag-gmada-eco-city","tag-gmada-eco-city-plots","tag-gmada-plots-scheme"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GMADA Eco City Phase-1 Plots Scheme - Earnest Money Finance - Articles<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theteamwork.com\/articles\/2016-1412-gmada-eco-city-phase-1-plots-scheme-earnest-money-finance.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GMADA Eco City Phase-1 Plots Scheme - Earnest Money Finance - Articles\" \/>\n<meta property=\"og:description\" content=\"Several public and private sector banks were financing Earnest Money Deposit (EMD) for Greater Mohali Area Development Authority\u2019s residential plots scheme in Eco City Phase-1. 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The last date to apply for Eco City Phase-1 plots scheme was on October 21, 2011.","og_url":"https:\/\/www.theteamwork.com\/articles\/2016-1412-gmada-eco-city-phase-1-plots-scheme-earnest-money-finance.html","og_site_name":"Articles","article_published_time":"2015-11-04T14:05:18+00:00","article_modified_time":"2015-11-04T17:42:17+00:00","og_image":[{"width":226,"height":53,"url":"https:\/\/www.theteamwork.com\/articles\/wp-content\/uploads\/2019\/12\/teamwork.gif","type":"image\/gif"}],"author":"Om Vishnu Bishnoi","twitter_card":"summary_large_image","twitter_creator":"@theteamw","twitter_site":"@theteamw","twitter_misc":{"Written by":"Om Vishnu Bishnoi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theteamwork.com\/articles\/2016-1412-gmada-eco-city-phase-1-plots-scheme-earnest-money-finance.html#article","isPartOf":{"@id":"https:\/\/www.theteamwork.com\/articles\/2016-1412-gmada-eco-city-phase-1-plots-scheme-earnest-money-finance.html"},"author":{"name":"Om Vishnu Bishnoi","@id":"https:\/\/www.theteamwork.com\/articles\/#\/schema\/person\/f374d368393522341e8fb047b101a0fa"},"headline":"GMADA Eco City Phase-1 Plots Scheme &#8211; 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