GB Realty First Avenue
Key facts
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About GB Realty First Avenue
GB Realty First Avenue is a pre-launch residential project on Airport Road (PR-7) in Aerocity, Mohali. The developer is GB Realty, and the homes on offer are 2+1 and 3+1 BHK apartments plus independent floors, with prices starting from Rs 1.65 crore. It is a low-density project spread over 8.5 acres of GMADA auction land, with eight towers rising up to 25 storeys.
So what makes it different? The plan is built around space. The project aims to feel closer to a private villa than a crowded high-rise, with gated living, wide green zones and independent floor options for families who want their own entrance.
Facts as on July 2026, from the developer.
Key Highlights
- 8.5 acres of GMADA auction land, planned as a low-density community.
- 8 towers going up to 25 storeys, with independent G+2 floors as a separate option.
- Dual-core 3+1 flats, one of the project's main selling points.
- 2+1 BHK at 1,650 sq ft super area, and 3+1 BHK at 2,250 and 2,500 sq ft.
- Basic sale price of Rs 8,000 per sq ft on the developer's price list.
- Developer possession target of 2030, with a construction-linked payment plan starting at a 10% booking amount.
- Park-facing units carry a preferential location charge of Rs 5 lakh for units up to the 10th floor.
Location Advantages
Aerocity sits right next to Chandigarh International Airport, roughly 2 km away and about 5 minutes by road. That is a big deal if you fly often or have family who do. The 200 ft road that runs through Aerocity links Block J all the way to the Kharar border, and NH-44, the Delhi to Amritsar highway, is within 10 minutes of the township.
The honest catch is transport. No metro runs through Aerocity today. The metro line here is still a proposal, with no confirmed alignment or funding sanction yet, so you will be relying on road travel for a while. Traffic on the airport stretch can also slow down at peak hours, and some of the road work along PR-7 is still underway, which means dust and diversions for a stretch of time.
What's Nearby — Schools, Hospitals, Malls
| Category | Name | Distance | Drive Time |
|---|---|---|---|
| Airport | Chandigarh International Airport | 2 km | 5 minutes |
Beyond the airport, the rest of the neighbourhood is worth knowing about:
- Railway: Mohali Railway Station is about 15 to 20 minutes away by car, while Chandigarh Railway Station is about 30 to 40 minutes away.
- City centre and jobs: Chandigarh Sector 17 is about 20 to 25 minutes away under normal traffic, and IT City, Mohali is reachable through the PR-7 sector roads.
- Shopping: D-Mart is located close to the project, which makes everyday shopping easy.
- Hospitals: Fortis and Max are both cited as nearby for the Aerocity area, so specialist care is not far.
- Schools and universities: Aerocity is home to several reputed schools and universities, which is one reason families keep choosing this belt.
Amenities
Fitness and sports: A swimming pool, jogging and walking paths, and a clubhouse with a gymnasium and multipurpose halls.
Kids and seniors: A kids play area and senior citizen sit-outs spread through the green spaces.
Green living: Landscaped green zones, rainwater harvesting and eco-friendly planning.
Security: A gated community with 24x7 security, CCTV surveillance and dedicated parking spaces.
Upcoming Infrastructure
- Aerotropolis Pockets B, C and D: Infrastructure is underway here, with possession expected between 2027 and 28. Once these pockets fill in, the area around Aerocity gets busier and more connected.
- Aerocity to PR-9 connector: The 200 ft Kharar to Banur Road link is under construction under GMADA, and it will give residents a second route out of the township.
- Airport Road redesign and smart upgrade: Work across Sectors 68 to 79 is active, with mid-2026 completion targeted by GMADA.
- Delhi to Chandigarh Expressway: This upcoming road is meant to bring Delhi travel time down to under 3 hours.
Keep in mind that the Bawa White House shortcut toward the airport, which is 3.36 km long, missed its 31 May 2026 operational commitment. Timelines in this corridor have a habit of slipping, so plan around dates with some breathing room.
Price & Configuration
Prices as of July 2026. The developer's headline price is from Rs 1.65 crore for its 2+1 and 3+1 BHK homes, and the basic sale price on its price list is Rs 8,000 per sq ft. The table below shows the configurations with a stated price. Areas are super area as given by the developer.
| Type | Super Area (sq.ft.) | Price |
|---|---|---|
| 3 BHK with 3 washrooms | 1,900 | Rs 1.52 crore |
| 3 BHK with servant room and store | 2,200 | Rs 1.76 crore |
| 3 BHK (2-core) | 3,000 | Rs 2.40 crore |
| 4 BHK with servant room and store | 3,000 | Rs 2.40 crore |
The 2+1 BHK at 1,650 sq ft and the 3+1 BHK options at 2,250 and 2,500 sq ft are the units the headline price of Rs 1.65 crore refers to. Park-facing units carry a preferential location charge on top. Some sizes are still tentative, so confirm the exact area in the agreement before you commit.
Payment Plan
The Easy Payment Plan is construction-linked, so you pay in stages as the building rises. Here is how the stages run:
- Booking: 10%
- Within 45 days: 5%, plus 50% of pending PLC charges
- At 9 months: 10%
- Basement raft start: 10%
- 2nd floor slab: 10%
- 8th floor slab: 10%
- 15th floor slab: 10%
- 20th floor slab: 10%
- Structure complete: 10%
- Offer of possession: 10%, plus additional and PLC charges
Subvention and other construction-linked plans are offered subject to availability, so ask the team which options are open when you visit.
Specifications
| Element | Specification |
|---|---|
| Structure | Earthquake-resistant RCC frame with premium-grade materials |
| Living area flooring | Vitrified tiles |
| Bedroom flooring | Wooden-style flooring options, as applicable |
| Balconies and bathrooms | Anti-skid tiles |
| Kitchen | Modular kitchen with granite countertops |
| Bathrooms | Premium CP hardware |
| Doors and windows | UPVC windows with ventilation |
| Electrical | Modular switches with adequate points for appliances |
| Smart home | Smart home design is listed |
| Power backup | Optional 3 KVA backup meter and genset installation |
| Water | Rainwater harvesting planned |
RERA & Approvals
The land is GMADA auction land, described as GMADA-approved. Aerocity is a GMADA-planned township, and GMADA-developed title is generally treated as cleaner than private-developer title in this corridor. Buyers should still read the title papers and the approvals closely before signing anything.
Launch & Possession Timeline
- 2024: First Avenue was unveiled as a milestone on the developer's website.
- Soft launch stage: The project is currently at the soft launch stage, with expressions of interest and a 10% booking amount on offer.
- 10 July 2026: A promotional article described the base prices as competitive during the initial phase.
- 2030: The developer's possession target.
Investment Analysis
- Entry price: The basic rate of Rs 8,000 per sq ft is positioned competitively against neighbouring Aerocity and IT City developments, according to our research.
- Demand drivers: Airport adjacency, the IT City employment corridor, the Aerotropolis pockets and the 200 ft PR-7 road all pull buyers toward this belt.
- Growth story: Airport Road is one of the fastest-growing micro-markets in Mohali, and Aerocity sits in the middle of it.
- Clean title: GMADA auction land tends to carry cleaner title than private-developer land nearby.
- Risk to watch: A substantial block of Aerotropolis land is tied up in litigation, which can slow nearby projects and resale timelines.
- Timing: Pre-launch pricing is usually the lowest point in the cycle, but infrastructure delays can push possession and the price growth you expect.
In short, this is a bet on the Airport Road belt maturing. The fundamentals look solid, but the timelines around it have slipped before, so do not buy purely for a quick flip.
Pros and Cons
Pros
- Low-density planning on 8.5 acres, with independent floors and a villa-like feel inside a gated community.
- Just 2 km and about 5 minutes from Chandigarh International Airport.
- GMADA auction land, in a township that residents have rated among Punjab's best planned.
- A construction-linked payment plan that starts with a 10% booking amount.
- A developer with a claimed record of 20+ projects delivered.
Cons
- The Rs 8,000 per sq ft basic rate does not include PLC, GST, parking, club membership and other charges, so the final cost runs higher.
- No metro serves Aerocity, and the proposed line has no confirmed alignment or funding yet.
- Some corridor projects have slipped, including the Bawa White House shortcut.
- Nearby Aerotropolis land is tied up in litigation.
- Possession is targeted for 2030, so you will wait several years and carry the risk of construction delays.
Who Should Buy This
Ideal for: Families who want space and privacy, IT professionals who work along the airport corridor, frequent flyers who value the airport's proximity, and long-term investors who can wait for the Airport Road belt to mature.
Not ideal for: Buyers who need a home ready to move into soon, or anyone who depends on a metro commute.
Home Loans & Charges
| Charge | Amount |
|---|---|
| Car parking | One free space; extra space at Rs 4 lakh |
| Club membership | Rs 5,00,000 |
| Maintenance deposit (IFMS) | Rs 100 per sq ft |
| PLC, park-facing | Rs 5 lakh for units up to the 10th floor |
| PLC, top floor | Rs 250 per sq ft, with a Rs 3 lakh figure stated alongside |
| PLC, second-last floor | Rs 200 per sq ft |
| PLC, third-last floor | Rs 150 per sq ft |
| Power backup | Rs 75,000 for the 3 KVA meter and genset installation, plus Rs 50,000 per additional KVA |
| GST on under-construction homes above Rs 45 lakh | 5% on construction value, with no input tax credit |
| Stamp duty in Punjab | 7% for men, 5% for women, 6% for joint male and female buyers |
| Registration fee in Punjab | 1%, capped at Rs 2 lakh |
Home loans are available through SBI, HDFC, ICICI Bank and Axis Bank, with financing of up to 80% for eligible applicants.
About the Developer
GB Realty was founded in 2010 by Gurinder Bhatti and Puneet Khanna, and it operates in Chandigarh, Mohali and New Chandigarh. The company says it has delivered 20+ projects for over 5,000 families and that most of its projects finish within 24 to 36 months of commencement. Its flagship, Opus One in New Chandigarh, spans 8.75 acres with 3, 4 and 5 BHK homes, and The Pinnacle in Sector 83A, Mohali, offers 36-storey towers.
FAQ — Frequently Asked Questions
Q: Where is GB Realty First Avenue located?
A: The project sits on Airport Road (PR-7) in Aerocity, Mohali, about 2 km and 5 minutes from Chandigarh International Airport.
Q: What is the price of GB Realty First Avenue?
A: Homes start from Rs 1.65 crore for 2+1 and 3+1 BHK units, and the 3 BHK at 1,900 sq ft is priced at Rs 1.52 crore as of July 2026.
Q: What is the possession date for GB Realty First Avenue?
A: The developer's possession target is 2030.
Q: Is GB Realty a reliable builder?
A: GB Realty was founded in 2010 and says it has delivered 20+ projects and most of them finish within 24 to 36 months, though these are the developer's own claims.
Q: What is the payment plan for GB Realty First Avenue?
A: It is a construction-linked Easy Payment Plan, with a 10% booking amount and payments tied to floor slabs and structure milestones.
Q: Is Aerocity a good place to invest in Mohali?
A: Aerocity benefits from airport adjacency, the nearby IT City corridor and GMADA-planned land, but the metro is still only a proposal and litigation in the wider Aerotropolis area is a risk to watch.
Questions & Answers (0)
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Questions & Answers
This page was drafted by Rakshit Chauhan, Junior Real Estate Writer (Freelancer) after an on-site visit, with research support from artificial intelligence. AI assisted in compiling information from public sources, and the final content was reviewed by our editor before publishing. We update listings as new information becomes available.
Sources consulted: On-site visit by author · Developer official website · State RERA portal verification · Google Maps location data · YouTube site-visit walkthroughs · Direct broker network.
Last reviewed: 14 November 2026 · Spot an error? Let us know
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