GMI Elite Homes Price List 2026 3 BHK from ₹1.25 Cr
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GMI Elite Homes Price List 2026 3 & 4 BHK from ₹1.25 Cr
Verified pricing, complete cost sheet, PLC charges, payment plan, and honest investment analysis — everything you need before booking your luxury flat on NH-205A, Mohali. Zero brokerage for buyers.
⚠️ Prices subject to revision. Call for live rates.
💰 Price Update — June 2026: Limited units available at launch pricing · Construction active · RERA verified · Lock Your Price Today →
The GMI Elite Homes Price List 2026 starts at approximately ₹1.25 Crore for 3 BHK and ₹1.65 Crore for 4 BHK (basic price, excluding PLC, charges & taxes) on NH-205A, Banur, SAS Nagar, Mohali. The all-inclusive cost (with PLC, parking, IFMS, GST 5%, and stamp duty ~6%) works out to roughly ₹1.45–1.60 Cr for 3 BHK and ₹1.90–2.15 Cr for 4 BHK depending on floor and facing. Payment is construction-linked. Home loans available. Zero brokerage for buyers — contact Royals Property Consultant: +91 98787 59508.
Latest Pricing 2026
GMI Elite Homes Price List —
3 BHK & 4 BHK Verified 2026
The GMI Elite Homes price list below reflects the current basic sale price (BSP) as available through Royals Property Consultant, the official zero-brokerage channel partner. Prices shown are indicative — call for unit-specific live pricing.
| Configuration | Super Built-Up Area | Basic Price (BSP) | Rate / Sq Ft | Floor Rise | Approx. All-In Cost |
|---|---|---|---|---|---|
| 3 BHK (Standard) | ~1,900–2,000 sq ft | From ₹1.25 Cr | ₹5,800–6,200 / sq ft | ₹25–75/sq ft | ~₹1.45–1.60 Cr |
| 3 BHK (Park-Facing / PLC) | ~1,900–2,000 sq ft | From ₹1.32 Cr | ₹6,200–6,500 / sq ft | ₹25–75/sq ft | ~₹1.52–1.68 Cr |
| 4 BHK (Standard) | ~2,400–2,600 sq ft | From ₹1.65 Cr | ₹6,000–6,500 / sq ft | ₹25–100/sq ft | ~₹1.90–2.10 Cr |
| 4 BHK (Park-Facing / PLC) | ~2,400–2,600 sq ft | From ₹1.78 Cr | ₹6,500–7,000 / sq ft | ₹25–100/sq ft | ~₹2.05–2.20 Cr |
Unit Configurations
Floor Plans & Area Analysis —
What You Get for the Price
Understanding what your money buys at GMI Elite Homes — room counts, carpet area, super area, and how the value stacks up against market benchmarks for luxury flats in Mohali.
3 BHK Luxury Flat — Configuration Detail
| Bedrooms | 3 Bedrooms + Master Suite |
| Living & Dining | Combined Open Living Space |
| Kitchen | Modular Kitchen with Utility |
| Bathrooms | 2–3 Bathrooms |
| Balcony | 1–2 Balconies |
| Super Built-Up Area | ~1,900–2,000 sq ft |
| Approx. Carpet Area | ~1,250–1,350 sq ft (RERA) |
| Floor | G+1, G+2, G+3, G+4 |
4 BHK Luxury Flat — Configuration Detail
| Bedrooms | 4 Bedrooms + Master Suite |
| Living & Dining | Separate Living + Dining Room |
| Kitchen | Modular Kitchen + Store |
| Bathrooms | 3–4 Bathrooms |
| Balcony | 2–3 Balconies |
| Super Built-Up Area | ~2,400–2,600 sq ft |
| Approx. Carpet Area | ~1,580–1,700 sq ft (RERA) |
| Floor | G+1, G+2, G+3, G+4 |
Complete Cost Breakdown
GMI Elite Homes —
Full Cost Sheet 2026 (All Charges)
The most important thing to understand in any property purchase is the difference between the advertised “basic price” and your actual all-in outgo. Here is every charge you should know before booking.
Based on ~1,950 sq ft super area · Standard Floor · No PLC
Based on ~2,500 sq ft super area · Standard Floor · No PLC
Charges Explained
Every Charge at GMI Elite Homes —
Explained Clearly
Most buyers are surprised by charges they did not know about. Here is every line item in the GMI Elite Homes cost sheet — what it is, why it is charged, and what range to expect.
PLC — Preferential Location Charges
PLC is charged for units with premium positioning — park-facing, corner, or higher-floor units. At GMI Elite Homes, PLC is typically ₹50–150 per sq ft above the base rate. Ground and lower floors with no special facing have minimal or zero PLC. Ask for the full PLC chart before choosing a unit.
Floor Rise Charges
Floor rise applies per floor above ground. In a Stilt + 4 building, this adds ₹25–100 per sq ft depending on the floor. In many cases, a higher floor at GMI Elite Homes commands both PLC and floor rise — a park-facing 4th floor unit will be priced ~₹3–5 Lakhs more than a ground-floor standard unit of the same configuration.
Parking Charges
Stilt and covered parking is allocated at approximately ₹3–4 Lakhs per slot. Each unit typically has one allocated parking spot. A second slot, where available, is charged additionally. Parking is a mandatory purchase — it cannot be waived. Verify if parking is included in the BSP or listed separately in your demand letter.
Club / Community Hall Charges
Club membership covers your lifetime access to the community hall, outdoor gym, kids play area, and landscaped gardens. This is a one-time charge of approximately ₹50,000–75,000. It is not a recurring charge — do not confuse it with maintenance fees, which are billed after possession separately.
IFMS — Interest Free Maintenance Security
IFMS is a refundable deposit (typically ₹1–2 Lakhs depending on flat size) paid at the time of possession. It is held by the developer / RWA to cover emergency maintenance costs. IFMS is returned when you sell the flat or at project wind-up — it is not income for the developer but a security buffer for the building’s upkeep.
EDC / IDC & Power Backup
External Development Charges (EDC) and Internal Development Charges (IDC) are levied by GMADA / the state government for infrastructure development around the project — roads, water supply, sewage. These are statutory charges passed through by the developer at actuals. Power backup charges cover the installation cost of the DG backup system for common areas and units.
Taxes & Government Charges
GST, Stamp Duty & Registration —
What You Pay the Government
| Charge | Rate | Applicable On |
|---|---|---|
| GST | 5% | Base price + applicable charges (under-construction) |
| Stamp Duty (Punjab) | ~6% | Circle rate or agreement value (whichever higher) |
| Registration Fee | ₹30–50K | Flat fixed charge at the time of registry |
| GST on Parking | 18% | Parking (if billed separately as a service) |
| GST on Club Charges | 18% | Club membership fee |
Hidden Charges You Must Ask About
Experienced buyers know there are questions you should always ask before signing. Here is Manindar Verma’s checklist of things that are easy to overlook:
- ? Is parking price included in the BSP or separate?
- ? What is the GST base — is it on BSP alone or BSP + all charges?
- ? Are EDC/IDC already included in the quoted rate or extra?
- ? Is IFMS refundable? What is the IFMS refund process?
- ? Are there any escalation clauses in the price?
- ? What is the monthly maintenance charge post-possession?
- ? Does the agreement specify the exact super area and carpet area?
- ? Is the power backup load included in the price or charged separately?
Royals Property Consultant goes through every one of these with you before booking. Call +91 98787 59508.
Payment Plan
GMI Elite Homes Payment Plan —
Construction-Linked Schedule 2026
GMI Elite Homes follows a construction-linked payment plan (CLP) — you pay as the building progresses. This protects buyers by ensuring money is released only as milestones are achieved and verified under RERA. The approximate schedule is as follows.
Booking Amount
₹2–5 Lakhs to lock your unit. Allotment letter issued within 7 days. Your unit number, floor, and facing are confirmed at this stage.
Agreement & Initial Instalment
Builder-buyer agreement executed after booking. First major instalment due at agreement signing or within 30–60 days of booking. Home loan disbursement starts here for bank-financed buyers.
On Completion of Foundation / Plinth
Linked to structural milestone. Developer provides RERA-verified completion certificate for the relevant stage. Bank disburses loan tranche directly to developer against this certificate.
On Completion of Slab / Brickwork Each Floor
Construction-linked disbursements continue floor by floor. Given that GMI Elite Homes is S+4 (4 habitable floors), there are typically 4–6 construction milestones at which payments fall due.
On Completion of Flooring, Plumbing & Fittings
Interior milestones — vitrified tile flooring, bathroom fittings, electrical work, kitchen installation. At this stage the flat is substantially complete and ready for pre-possession inspection.
On Possession / Occupancy Certificate
Final 10–15% due at possession. This includes the IFMS deposit, stamp duty, and registration. Keys handed over after all dues are cleared. Possession letter and registry completed simultaneously.
Home Loan & Finance
Home Loan for GMI Elite Homes —
Banks, Eligibility & EMI Guide
| Bank / NBFC | Approx. Rate | Max LTV |
|---|---|---|
| SBI Home Loan | 8.50–9.15% | Up to 75% of Cost |
| HDFC Ltd / HDFC Bank | 8.70–9.40% | Up to 75–80% |
| ICICI Bank | 8.75–9.50% | Up to 75% |
| Punjab National Bank | 8.50–9.00% | Up to 75% |
| LIC Housing Finance | 8.65–9.25% | Up to 75% |
| Axis Bank | 8.75–9.60% | Up to 80% |
How Royals Property Helps with Your Home Loan
Manindar Verma has facilitated home loans for dozens of buyers in this project and across the Tricity. Here is what he provides at no charge to you:
- ✓ Bank pre-approval before you book — know your eligibility
- ✓ Comparison across 5–6 lenders for the best rate
- ✓ Document checklist & submission support
- ✓ Coordination with developer for tranche disbursements
- ✓ NRI loan support — NRE/NRO account linked disbursements
- ✓ Subsidy check — PMAY if applicable
Investment Analysis 2026
Is the GMI Elite Homes Price
Worth It? Honest Analysis.
At ₹1.25 Crore starting for a 3 BHK in a RERA-registered boutique gated community adjacent to IT City Mohali — here is whether the numbers work for end-users and investors.
Price Per Sq Ft — How GMI Elite Homes Compares
| Project / Area | Rate / Sq Ft | Type |
|---|---|---|
| GMI Elite Homes, NH-205A | ₹5,800–6,500 | Under Construction |
| Sector 70–80, Mohali (New) | ₹7,500–9,000 | Under Construction |
| Zirakpur (NH-7 Corridor) | ₹5,500–7,000 | Mixed |
| Aerocity, Mohali | ₹8,000–10,000 | Ready / UC |
| New Chandigarh (Mullanpur) | ₹6,500–8,500 | Mixed |
GMI Elite Homes is priced at a genuine discount to comparable gated community projects in the Tricity — while offering a location that most of those projects cannot match (IT City adjacency, university belt, 15 min airport).
Rental Yield Estimate — Banur, NH-205A
| Flat Type | Estimated Monthly Rent | Gross Yield |
|---|---|---|
| 3 BHK (Furnished) | ₹28,000–38,000/mo | ~3.5–4.2% |
| 3 BHK (Semi-Furnished) | ₹22,000–30,000/mo | ~2.8–3.5% |
| 4 BHK (Furnished) | ₹40,000–55,000/mo | ~3.5–4.5% |
| 4 BHK (Semi-Furnished) | ₹32,000–45,000/mo | ~2.8–3.8% |
Tenant demand from IT City professionals (Infosys, NetSmartz) and university faculty (Chitkara, Amity, ISB) creates consistent rental demand. Boutique communities like GMI Elite Homes typically command 15–22% rental premium over older, larger housing societies in the same area.
ROI Projection — 5-Year & 10-Year (3 BHK · All-In ₹1.50 Cr)
Projections assume 8–10% annual appreciation. Real estate returns are not guaranteed. For detailed analysis, read our GMI Elite Homes Investment Guide →
Project Comparisons
GMI Elite Homes Price vs Marbella Grand
& Noble Aurellia — Honest Comparison
Before you decide, compare. Here is how GMI Elite Homes stacks up against the two most frequently compared projects in the Mohali–Banur corridor.
| Parameter | GMI Elite Homes | Marbella Grand | Noble Aurellia |
|---|---|---|---|
| Location | NH-205A, Banur | Mohali (Sector) | Mohali |
| 3 BHK Price (Basic) | From ₹1.25 Cr | From ₹1.40 Cr+ | From ₹1.35 Cr+ |
| Price Per Sq Ft | ₹5,800–6,500 | ₹7,000+ | ₹6,500+ |
| Structure Type | S+4 Low-Rise | High-Rise | High-Rise |
| Total Units | ~136 (Boutique) | 400+ | 300+ |
| RERA Registered | ✓ Yes | Verify | Verify |
| IT City Proximity | Adjacent | 15+ min | 15+ min |
| Airport Distance | ~15 min | ~20 min | ~20 min |
| Brokerage (Buyers) | Zero (via Royals) | 2–2.5% | 2–2.5% |
| Maintenance Quality | High (136 units) | Moderate (400+) | Moderate (300+) |
Price Dynamics
Why GMI Elite Homes Price May Rise —
And When to Buy
Under-construction project pricing is never static. Here are the forces that will push GMI Elite Homes’ price upward over the coming months — and why early buyers consistently benefit most.
- ↑ Construction milestones — each completed floor triggers a price revision as risk reduces and delivery certainty improves
- ↑ Inventory reduction — as units sell out, the remaining inventory commands a premium; boutique 136-unit projects sell out faster than towers
- ↑ IT City expansion — any new anchor tenant announcement at IT City Mohali has historically triggered 8–15% price jumps in the immediate corridor
- ↑ Corridor infrastructure — NH-205A BharatMala development brings wider roads and better connectivity; this directly lifts residential prices along the route
- ↑ Raw material & labour costs — construction inflation typically passes through to revised pricing in subsequent price lists
Honest Assessment
GMI Elite Homes Price — Is It Worth It?
Pros & Cons Review
✅ Why the Price Makes Sense
- At ₹5,800–6,500/sq ft, it is 20–30% below comparable gated community projects in Mohali Sectors 70–80
- Location adjacency to IT City that more expensive projects in established sectors cannot offer
- 136-unit scale means your asset’s long-term condition is protected — and that protects your resale value
- RERA registration makes your payment milestones legally enforceable — risk is minimised
- All-in cost ₹1.45–1.60 Cr for a luxury 3 BHK in a boutique gated community is rare in Mohali’s 2026 market
- Zero brokerage through Royals Property reduces your effective cost by ₹2.5–4 Lakhs vs broker-assisted purchases
⚠️ Things to Weigh Carefully
- All-in cost significantly higher than BSP — understand the full outgo before comparing projects
- Banur’s social infrastructure (markets, schools) still maturing — not as established as Sector 68–75
- Under-construction — rental income and capital appreciation only realise after possession
- No large clubhouse or swimming pool — amenity set is solid but not resort-style
- GST at 5% adds meaningful cost — verify if OC timing changes this before signing
People Also Ask
GMI Elite Homes Price List —
25 Most Asked Questions
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Project RERA: PBRERA-SAS81-PR169
Royals Property RERA: PBRERA-CHD04-REA0390
Verify on harera.gov.in
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for GMI Elite Homes Today
NH-205A · Banur · Mohali · RERA: PBRERA-SAS81-PR169 · Zero Brokerage · Free Site Visit
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→ 📐 Floor Plans3 BHK & 4 BHK Floor Plans
→ 📍 LocationLocation & Connectivity
→ 🗺️ Site PlanMaster Plan & Site Layout
→ 🌿 AmenitiesComplete Amenities Guide
→ 🔧 SpecsSpecifications & Materials
→ 💳 Payment3 BHK Flats GMI
→ 📄 BrochureDownload Official Brochure
→ 🏗️ ProgressConstruction Updates 2026
→ 🔑 PossessionPossession Date & Timeline
→ 📈 InvestmentInvestment Guide & ROI Analysis
→ ⚖️ CompareGMI Elite Homes vs Marbella Grand
→ ⚖️ CompareGMI Elite Homes vs Noble Aurellia
→ 🏢 CommercialGMI Platinum Square NH-205A
→🔗 Verify RERA & Official Sources