Jubilee's Amber Terraces Licence Adds Independent Floors to New Chandigarh Market

Jubilee Amber Terraces Clears a Key Township Licence in New Chandigarh

Jubilee has moved its upcoming Jubilee Amber Terraces independent floors a step closer to the market in Sector 21, New Chandigarh. The project sits inside the Jubilee Parkfields township, and the Government of Punjab and GMADA have granted the licence to develop the township under licence no. LDC-92/2026, dated 27 March 2026. The development covers 207 acres in total, of which 161.55 acres are licensed for building, so the approval gives buyers a clearer picture of how the wider township will take shape.

Amber Terraces is planned as a low-rise block of Stilt plus four floors, with a lift, on plots of 250 sq yd. The project is still at the design and approval stage. It is not yet RERA registered and is not open for sale or booking until registration.

Impact on Homebuyers

For a buyer, the headline is less about a single launch and more about the township finally having its legal base in place. Clear layout approval and a licence to develop reduce the uncertainty that often surrounds early-stage projects in fast-growing sectors of Mohali and New Chandigarh.

The configurations being promoted are:

• 3 BHK independent floor on a 250 sq yd plot, Stilt plus four floors with lift
• 3+1 BHK independent floor on a 250 sq yd plot, approximately 2,150 sq ft built-up, with two bedrooms that have separate dressing areas

Listings from around August 2025 quoted a starting price of ₹1.01 crore for the 3+1 BHK floor. Those figures are as of August 2025 and may have moved since, so buyers should confirm the current rate with the developer before comparing it with other options.

Buyers should also budget for Punjab's registration costs. Stamp duty is 6% for a man, 4% for a woman and 5% for a joint man and woman, with a 1% Social Infrastructure Cess and a 1% PIDB fee on top. Registration is 1% of value, capped at ₹2 lakh, and the facilitation charge is ₹1,000 up to ₹10 lakh, ₹3,000 up to ₹30 lakh and ₹5,000 above that.

The planned amenities include a swimming pool, gymnasium, aerobics room, steam and sauna, badminton court, kids play area, party hall and themed garden. A township clubhouse of about 1.5 acres, gated security with CCTV, 24x7 power backup and 100% underground electrical cabling are also part of the plan. Stilt-level parking is included in the layout.

Expert Analysis

New Chandigarh has become one of the more closely watched residential markets around the city. Per the latest RealtyPromoo research, the average apartment rate in New Chandigarh is around ₹8,450 per sq ft for July to September 2026, up 3% on the previous quarter. Builder floors are priced higher, at about ₹9,100 per sq ft, rising 4% over the same period.

Land rates have moved faster than flat prices. They rose 28.5% in the last year and 77.5% over three years, which tells you that developers are paying a premium for land. That cost has to be recovered somewhere, and it helps explain why independent floors with stilt parking are being positioned at the upper end of the local market.

The investment story needs a balanced read. Average rental yields in New Chandigarh are close to 2%, which is modest. Some 2026 estimates put the potential yield at 3.5% to 5%, but that depends on future rent growth and on the infrastructure arriving on schedule. Buyers looking mainly for rent should weigh that gap carefully, while those with a long-term view may find the appreciation case more compelling.

What to Expect Next

The next visible milestones will be the approval of building plans and the start of sales once the project is registered under RERA. Until that registration is complete, buyers should treat any booking request with caution. The Chandigarh Metro Phase 1 is also a key variable. It was approved by UMTA in July 2024 and runs from Parol in New Chandigarh to Panchkula Extension, but a joint committee formed in November 2024 is reviewing its feasibility, and partial operation is projected for 2027 with full completion in 2034. Buyers should not assume metro access in the near term.

Related Projects and Areas Affected

• Jubilee Imperia, Sector 21 New Chandigarh: 3 BHK and 3+1 BHK apartments in S+24 towers on 6 acres, the closest sibling project by the same developer in the same sector.
• Jubilee Mercasa, Sector 2 New Chandigarh: luxury 3, 4 and 5 BHK apartments on 5.4 acres across six towers.
• Jubilee Parkfields township: the wider 207-acre development, with about 700 residential plots and around 7.5 acres of landscaped parks.
• Airport Road corridor: the township sits on the 200 ft PR-7 Airport Road, which gives access toward Chandigarh International Airport in roughly 30 minutes by road.
• Sector 21 and the PGI belt: PGI Chandigarh is about 4 km away, around 15 to 20 minutes by road, and Max Hospital is about 6 km away.

Facts as on September 2026, from the developer.

Full project details: Jubilee Amber Terraces