Gillco Group Breaks Ground On Meraqui Ultra-premium Residential Project On Airport Road Mohali With 444 Residences Across Six Towers

Gillco Breaks Ground on Meraqui: 444 Ultra-Premium Homes on Airport Road

On May 24, 2026, Gillco Group officially commenced construction on Meraqui, an ultra-premium residential enclave positioned on the prestigious Airport Road corridor in Mohali. This groundbreaking marks a significant milestone for the developer and signals a major addition to the Tricity's evolving luxury real estate landscape. The project will comprise 444 residences distributed across six iconic towers, offering a contemporary living experience designed for discerning homebuyers seeking wellness-centric urban living.

The development spans approximately 6–7 acres and will feature expansive 3 and 4 BHK layouts, each meticulously crafted to maximize natural light, spatial efficiency, and refined aesthetics. According to broker market data, 3 BHK units are estimated at approximately 2,800 sq. ft., while 4 BHK units reach around 3,950 sq. ft. Based on current Airport Road pricing benchmarks of ₹8,600 per sq. ft. for premium flats, the project is likely positioned in the ₹2.4–3.4 crore range for 3 BHK and ₹3.4–4.2 crore for 4 BHK units, though official pricing has not yet been disclosed by the developer.

Why Airport Road Is a Luxury Hotspot for Mohali

Airport Road has emerged as one of North India's most dynamic and aspirational real estate destinations, driven by robust infrastructure growth and soaring demand for premium housing. The corridor has witnessed exceptional price appreciation—average apartment rates appreciated 36.6% in the past year alone, reflecting sustained buyer interest. Over the past five years, flat prices in the locality have surged 156.7%, underscoring the area's transformation into a wealth-creation zone.

The location offers seamless connectivity to Chandigarh (approximately 3.5 km via two-way highway access), Mohali's thriving IT and commercial hubs, premier healthcare facilities, and leading educational institutions. Infrastructure improvements—including the operational expansion of Chandigarh International Airport, ongoing completion of sector roads, and planned metro connectivity—continue to strengthen the corridor's appeal. The area is also positioned to benefit from the planned Mohali Aerotropolis development and the widening of Airport Road to decongest traffic, further enhancing long-term investment potential.

Meraqui's Standout Features & Amenities

The project's master plan integrates open landscapes with premium social and wellness infrastructure, reflecting a philosophy of creating with passion and soul. Among its most distinctive amenities, Meraqui will host the Tricity region's largest jogging track set within expansive landscaped greens—a feature designed to promote holistic wellness-oriented living.

Beyond the jogging track, the development will offer a grand clubhouse, wellness and fitness studios, leisure lounges, recreational courts, meditation and relaxation zones, dedicated children's spaces, designer landscaped gardens, and exclusive community interaction areas. These amenities are positioned to create an elevated residential ecosystem that appeals to modern families seeking both luxury and lifestyle balance.

Gillco's Track Record & Developer Credibility

Backed by a two-decade legacy in regional real estate, Gillco Group has consistently delivered residential and commercial developments across Punjab with a strong emphasis on quality construction, timely execution, and progressive urban planning. The developer's portfolio includes Gillco Valley, one of Mohali's largest townships spanning 200+ acres; Gillco Parkhills, a premium 19-storey residential tower on Airport Road that is now sold out; and Gillco Industrial Park on IT City Road. This established track record positions Meraqui as a credible offering from a developer with proven execution capability.

Comparable Gillco Projects & Market Context

Gillco Parkhills, the developer's flagship Airport Road project, offers useful context for Meraqui's positioning. Parkhills comprises 10 towers with 19 floors each and 700 units spread across 11.92 acres. During Q2 2025, average property prices in Parkhills moved from ₹3,700 per sq. ft. to ₹9,800 per sq. ft., reflecting a 164.86% appreciation. Current resale listings show Parkhills units trading at approximately ₹9.5 per sq. ft., commanding a 19% premium over the broader Sector 126 average of ₹8 per sq. ft. This price trajectory demonstrates the premium commanded by quality Airport Road developments and provides a benchmark for Meraqui's likely appreciation trajectory.

Market Momentum & Buyer Sentiment

Mohali's luxury housing demand is increasing steadily, driven by changing lifestyle preferences, the need for larger homes, and growing interest in wellness-focused communities. Working professionals and senior executives are increasingly exploring 4 BHK apartments in Mohali that provide luxury, privacy, and premium amenities. The pandemic accelerated a shift toward spacious, well-designed homes with modern conveniences—a trend that favors large-format projects like Meraqui. Gated communities with integrated amenities, landscaped gardens, cycling tracks, and wellness zones are no longer luxuries; they are now buyer expectations, particularly among the affluent segment that Meraqui targets.

One potential concern for buyers is that Sector 126, where Meraqui is located, still faces traffic congestion during peak hours and has limited public transport infrastructure compared to more established sectors. Additionally, some areas lack adequate street lighting, and recreational facilities remain limited as the sector continues to develop. However, these concerns are gradually being addressed as the area matures and infrastructure projects complete.

What to Expect Next

With groundbreaking now underway, the next critical milestone will be RERA registration with the Punjab Real Estate Regulatory Authority (PBRERA). Buyers should monitor the developer's official website and RERA portal for registration confirmation, which typically occurs within 3–6 months of construction commencement. Pre-launch marketing and channel partner activation are likely to begin in the coming weeks, with formal sales bookings expected to open within 6–9 months. Based on Gillco's historical delivery timelines and the project's scale, possession is likely targeted for 2028–2029.

Comparable Projects & Areas Affected

• Gillco Parkhills, Airport Road, Sector 126 – Premium 19-storey residential tower by same developer; now sold out with strong secondary market appreciation.
• The Pinnacle, IT City Sector 83A – Ultra-luxury 3/4/5 BHK group housing on Airport Road near Plaksha University; positioned in similar premium tier.
• Marbella Grand, IT City Sector 82-A – Premium residential group housing on 200 ft. wide international airport road; comparable location and amenity positioning.
• Regal Heights, Sector 91 – 3 & 4 BHK luxury apartments near Chandigarh; alternative Airport Road corridor option.
• Gillco Valley, Sectors 115 & 127 – Developer's flagship 200+ acre township; demonstrates developer's large-scale project execution capability.

What Meraqui Likely Becomes

Based on Gillco's adjacent portfolio on Airport Road and the luxury positioning of Meraqui, this project is likely to emerge as a benchmark ultra-premium development targeting high-net-worth individuals and affluent families seeking wellness-integrated luxury living. The 444-unit scale across six towers suggests a mixed-density approach balancing community feel with exclusivity. Given the developer's historical focus on quality finishes and amenity-rich environments, Meraqui is positioned to command a 15–25% price premium over standard Airport Road developments, aligning with the Parkhills appreciation pattern.

Expected launch pricing is anticipated in the ₹2.4–4.2 crore range for 3–4 BHK units, with possession targeted for Q3–Q4 2028. The project is likely to appeal primarily to senior executives, business owners, and NRI investors seeking long-term appreciation in a high-growth corridor. Secondary market demand is expected to remain strong, given the scarcity of quality ultra-premium supply on Airport Road and the corridor's sustained infrastructure momentum.

Future-Buyer FAQ

Q: When will Meraqui's RERA registration be filed, and when can I book a unit?
A: RERA registration is typically filed 3–6 months after groundbreaking, so expect filing by August–November 2026. Pre-launch marketing is likely to begin within weeks, with formal sales bookings opening 6–9 months after groundbreaking, around November 2026–February 2027. Monitor the developer's official website and PBRERA portal for confirmation.

Q: What is the expected price range for 3 and 4 BHK units?
A: Based on current Airport Road benchmarks of ₹8,600 per sq. ft. and Gillco's premium positioning, 3 BHK units (≈2,800 sq. ft.) are likely priced at ₹2.4–2.8 crore, while 4 BHK units (≈3,950 sq. ft.) are expected in the ₹3.4–4.2 crore range. Official pricing will be announced at pre-launch.

Q: What BHK configurations will be offered?
A: The project will offer expansive 3 and 4 BHK layouts. Some units may include +1 (additional study/home office) configurations. Exact unit mix and carpet areas will be disclosed upon RERA filing.

Q: Should I wait for Meraqui or book in existing Airport Road projects now?
A: If you prioritize wellness amenities, a newly constructed home, and long-term appreciation in a high-growth corridor, Meraqui is worth waiting for. However, if you need immediate possession or prefer ready-to-move options, Gillco Parkhills resale units are available (though at a premium). The choice depends on your timeline and preference for new vs. pre-owned.

Q: How does Meraqui compare to other premium Airport Road projects?
A: Meraqui differentiates itself through the Tricity's largest jogging track, comprehensive wellness infrastructure, and Gillco's proven execution track record. Comparable projects like The Pinnacle and Marbella Grand are similarly positioned but may offer different architectural styles and amenity mixes. Visit multiple projects to assess fit with your lifestyle priorities.

Q: Is this a good investment for long-term appreciation?
A: Yes, Airport Road has demonstrated sustained price appreciation (36.6% in the past year alone) and is set to benefit from airport expansion, metro connectivity, and infrastructure improvements. Gillco's delivery track record and Meraqui's premium positioning suggest strong secondary market demand and appreciation potential. However, like all real estate, returns depend on holding period, market cycles, and local policy changes.