Photo by Homeland Group 62 Mohali via Google Places
Homeland Group Mohali Sector 62 Project
About Homeland Group Mohali Sector 62 Project
In March 2026, Homeland Group and construction major VRC secured a 13-acre mixed land-use parcel in Sector 62 — the civic and administrative heart of Mohali — through a competitive GMADA e-auction, paying over ₹600 crore (approximately ₹47 crore per acre), one of the highest bids ever recorded in GMADA's history. The planned development is expected to be a premium mixed-use project integrating high-rise residential apartments with ground and first-floor commercial spaces. Across both their Mohali acquisitions, the combined masterplan envisions roughly 5 million sq. ft. of built-up area. The project name will be formalised at RERA filing stage; construction has not yet begun. RERA registration is pending.
Key Highlights
- 13-acre GMADA-acquired parcel in Sector 62, Mohali's downtown administrative zone — one of the most centrally located sites to come to market in a decade.
- Record land price: acquired at ~₹47 crore per acre, the highest bid for mixed land-use in GMADA auction history at the time of the March 2026 e-auction.
- Joint development by Homeland Group + VRC — combining Homeland's premium real estate expertise with VRC's large-scale construction capability.
- Mixed land-use zoning: residential apartments planned on upper floors with commercial/retail spaces on the ground and first floors, per GMADA's mixed-use land classification.
- Delivery target Q1 2031 as stated by the developer at the time of acquisition — subject to RERA filing and regulatory approvals.
- Homeland Group track record: over 3 million sq. ft. delivered across Mohali Tricity, with RERA-registered projects including Homeland Regalia (PBRERA-SAS81-PR0757) and CP.67 (PBRERA-SAS81-PC-0045).
- Gurdwara Amb Sahib frontage: the site sits near the historically significant Amb Sahib Gurudwara Road, giving it strong religious and cultural anchoring for North Indian buyers.
- No pre-launch booking open yet — RERA filing, project name, and pricing are all pending as of May 2026.
Location Advantages
Sector 62 (also known as Phase 8) is not a peripheral sector — it is Mohali's administrative core. GMADA's own headquarters (PUDA Bhawan) is located in Sector 62, as is the city's main ISBT bus terminal. The site sits near Amb Sahib Gurudwara Road, surrounded by well-established commercial activity, residential neighbourhoods, and civic infrastructure that took decades to develop.
Chandigarh's boundary is roughly 6–8 km from Sector 62, and Chandigarh International Airport is approximately 10–11 km away (15–20 min drive). SAS Nagar (Mohali) railway station is about 4–5 km away. The Sector 67 IT Park corridor — home to Infosys, DLF IT Park, and other major tech campuses — is about 3–4 km from Sector 62, making this a genuinely walkable distance for working professionals.
Concern to note: Sector 62 is a densely developed urban zone. Residents should expect urban-density challenges — including traffic congestion at peak hours on Himalaya Marg and Phase 7/8 market roads — rather than the open, township-like feel of newer GMADA sectors such as Aerocity or IT City. This is a downtown site, not a green-field township. That is a feature for some buyers and a drawback for others.
What's Nearby — Schools, Hospitals, Malls
| Category | Name | Distance (Approx.) | Drive Time (Approx.) |
|---|---|---|---|
| School (CBSE) | AKSIPS (Akal Sahai Khalsa International Public School), Sector 56 | ~3 km | 7–10 min |
| School (CBSE) | Paragon Senior Secondary School, Sector 71 | ~3.5 km | 8–12 min |
| School (CBSE) | Smart Wonders School, Sector 70 | ~3 km | 7–10 min |
| School (CBSE) | YPS (Young Public School), Sector 61 / Chandigarh border | ~4 km | 10–15 min |
| Hospital | Cosmo Hospital, Sector 62 (multi-specialty) | ~0.3 km | 2–3 min walk |
| Hospital | Silver Oaks Hospital (multi-specialty) | ~2 km | 5–8 min |
| Hospital | Shivalik Hospital & ACE Heart and Vascular Institute | ~3 km | 7–10 min |
| Hospital | Fortis Hospital, Sector 62 / Phase 8 vicinity | ~4 km | 8–12 min |
| Mall / Retail | VR Punjab Mall, Zirakpur | ~12 km | 18–25 min |
| Market / Retail | Phase 7 Main Market (SCO market, Phase 7) | ~1 km | 4–6 min |
| Market / Retail | Sector 70 SCO Market / Himalaya Marg commercial strip | ~2.5 km | 7–10 min |
| Religious / Cultural | Gurdwara Amb Sahib, Sector 62 (historically significant, Guru Har Rai connection) | ~0.5 km | 2–4 min |
| Transport Hub | Mohali ISBT (main bus stand) | ~0.5 km | 3–5 min |
Amenities
As of May 2026, this project has not yet filed for RERA and no official amenity list has been released by the developer or circulated in broker materials. The following is a predictive overview based on Homeland Group's established portfolio and the project's mixed land-use GMADA classification.
- Fitness & Sports: Based on comparable Homeland projects (Heights, Regalia), expect a fully equipped gym, jogging/cycling track, badminton and basketball courts. Homeland Heights (Sector 70) included a dedicated sports court cluster within a 5-acre footprint — this 13-acre site should comfortably accommodate more.
- Water & Recreation: At least one swimming pool (likely adults + kids pool configuration) as seen in other Homeland developments.
- Kids' Zone: Dedicated children's play area and crèche facility, standard across Homeland's residential projects.
- Social & Community: Clubhouse with multi-purpose hall, café/lounge area, indoor games room — Homeland's signature social infrastructure.
- Green Spaces: Landscaped gardens and seating areas — Homeland Group holds IGBC Platinum certification for green building, suggesting meaningful green space allocation.
- Ground Floor Commercial: GMADA's mixed land-use permission means retail/F&B outlets on the ground and first floor within the project — a convenience differentiator over pure residential towers.
- Security: Multi-tier security with CCTV surveillance, boom barriers, and 24/7 guard deployment — standard across all Homeland high-rise projects.
Final amenity list will be disclosed at RERA filing. Buyers should treat the above as indicative only.
Price & Configuration
No official pricing or unit configuration data has been released for this project as of May 2026. The project is pre-RERA and pre-marketing. The following context is provided to help buyers benchmark:
| Reference Point | Details | Price / Rate |
|---|---|---|
| Homeland Heights (Sector 70, Mohali) — existing completed project | 3 BHK – 5 BHK penthouses, 1,788–4,310 sq. ft. SBU | ₹2.5 Cr – ₹5.5 Cr (resale market, 2025–26) |
| Homeland Regalia (Sector 70, Mohali) — ongoing premium project | Premium 3 BHK / 4 BHK configuration | Ask on enquiry; broadly ₹1.8 Cr – ₹4 Cr range per market data |
| Sector 62 / Phase 8 area average (existing stock) | Apartments and floors (resale) | ~₹5,100 – ₹9,500/sq. ft. depending on configuration |
| Land cost benchmark (this site) | ~₹47 Cr/acre paid at GMADA auction | Developer's cost basis implies mid-to-premium pricing at launch |
| Expected launch pricing (predictive) | 2 BHK / 3 BHK / 4 BHK residential apartments | Likely ₹10,000 – ₹14,000/sq. ft. based on land cost + Homeland premium positioning |
Given that the developer paid ~₹47 crore per acre for the land alone, launch prices below ₹10,000/sq. ft. would be extremely unlikely for this location and brand positioning. Final pricing will be announced only at RERA launch — expected sometime in 2026–27 subject to regulatory approvals.
Investment Analysis
- Land cost as price signal: At ~₹47 crore per acre for 13 acres, this is among the most expensive residential land parcels ever acquired in Mohali. That cost basis will translate into a higher-than-average launch price — buyers should not expect "affordable" pricing. This is a premium play.
- Location appreciation thesis: Sector 62 is an established, infill location — not a greenfield sector. Unlike peripheral sectors that appreciate slowly as infrastructure develops, Sector 62 already has full civic infrastructure, hospitals, schools, markets, and government offices. New premium supply in this micro-market is extremely rare.
- Tricity real estate momentum: The March 2026 GMADA auction saw 37 of 42 properties sell, generating ₹3,136 crore — 55% above reserve prices. Institutional capital is pricing Mohali aggressively, which historically lifts retail pricing in the 12–24 months following major auctions.
- Competing projects in comparable budget: Buyers evaluating this project might also consider Homeland Global Park (Sector 75, Airport Road — 5 million sq. ft. mixed-use, Bhumi Pujan in April 2025), or other premium developers active in IT City and Aerocity sectors. Sector 75 Airport Road offers more open space; Sector 62 offers established urban convenience.
- Rental yield outlook: Sector 62's proximity to GMADA offices, Phase 7/8 commercial belt, and IT corridors (~4 km to Sector 67 IT Park) makes it naturally attractive for professionals. Comparable premium apartments in Mohali's central sectors yield approximately 2.5–3.5% annually, with potential to improve as new luxury supply absorbs demand.
- Risk: The high land cost means limited room for developer price cuts or investor exit at near-cost in the short term. This project suits buyers with a 4–6 year horizon, not short-term flippers.
Pros and Cons
Pros
- Exceptional central location: Sector 62 is Mohali's administrative and civic heart — schools, hospitals, markets, the main bus stand, and GMADA's own offices are within walking distance. This kind of urban convenience is genuinely rare in new developments.
- Established developer with proven track record: Homeland Group has delivered 3+ million sq. ft. across Mohali Tricity, with RERA-registered projects, an IGBC Platinum green building certification, and industry awards. Buyers here are not betting on an unknown developer.
- VRC as construction partner: Having a dedicated construction major as JV partner — rather than outsourced contractors — typically improves build quality control and timeline adherence.
- Ground-floor commercial integration: GMADA's mixed land-use zoning means residents will have retail, F&B, and services within the project itself — a lifestyle advantage most pure residential towers don't offer.
- Scarcity premium: A 13-acre consolidated parcel in Sector 62 is exceptional. Infill land of this scale in an established Mohali sector will likely not come to market again for many years.
Cons
- High entry price expected: With ₹47 crore/acre in land costs alone, launch prices will likely start at ₹10,000–₹14,000/sq. ft. — significantly above the Sector 62 existing stock average. Buyers expecting a mid-segment deal will be disappointed.
- Very early stage — significant uncertainty: As of May 2026, there is no RERA registration, no confirmed project name, no floor plans, and no booking open. Delivery is targeted at Q1 2031 — nearly five years away. A lot can change.
- Urban density and traffic: Sector 62 / Phase 8 is a mature, densely developed zone. Traffic congestion on Himalaya Marg and Phase 7–8 market roads at peak hours is a genuine daily concern — this is not a quiet, low-density township environment.
- No Chandigarh metro yet: Chandigarh Metro has been discussed for years but has not been operationalised as of 2026. Sector 62 residents will remain car/auto dependent for the project's early years at minimum.
Who Should Buy This
Ideal for: End-user families who want a centrally located urban home in Mohali with established social infrastructure immediately accessible — not buyers chasing open-space township living. Also suited to IT professionals and government/PSU employees working in the Tricity region who value a short, well-connected commute. NRI buyers from the Punjab diaspora who want a landmark address in their home region will find Sector 62 an emotionally and financially compelling choice. Long-horizon investors (4–6 year view) who believe premium infill supply in central Mohali will appreciate strongly as the Tricity market matures.
Not ideal for: Buyers wanting ready possession, confirmed pricing, or RERA protection right now — this project is simply too early in its life cycle. Also not suited to buyers seeking a township-style open-green-space environment; Sector 62 is urban and dense by design.
FAQ — Frequently Asked Questions
Q: Is the Homeland Group Sector 62 Mohali project RERA registered?
A: No. As of May 2026, the project has not yet filed for RERA registration. The land was acquired in the March 2026 GMADA e-auction and the project is in pre-development planning. RERA filing is expected once the master plan and tower configurations are finalised — potentially in late 2026 or 2027.
Q: What is the expected possession date?
A: The developer has stated a target delivery of Q1 2031 for its Mohali developments. However, this is a pre-RERA target and is subject to change once the project is officially filed and construction commences. No confirmed RERA possession date exists yet.
Q: What is the expected price range for apartments?
A: No official pricing has been released. Based on the land acquisition cost (~₹47 crore per acre), Homeland Group's premium brand positioning, and comparable new luxury projects in Mohali, launch prices are broadly expected in the ₹10,000–₹14,000/sq. ft. range. Final pricing will be announced at the time of RERA registration and official launch.
Q: Is booking open? Can I register my interest now?
A: Official pre-launch or pre-RERA booking has not been announced by Homeland Group as of May 2026. Be cautious of any broker collecting booking amounts before RERA is filed — under RERA (Punjab), developers cannot accept advances above 10% of the unit price without a registered agreement. Register your interest with authorised channel partners only, and avoid large upfront payments at this stage.
Q: Is Homeland Group a reliable developer?
A: Homeland Group has a strong track record in Mohali Tricity, having delivered over 3 million sq. ft. across projects including Homeland Heights (Sector 70), CP.67 Mall (Sector 67), and Homeland Regalia. Their projects carry Punjab RERA registrations (e.g., CP.67: PBRERA-SAS81-PC-0045; Regalia: PBRERA-SAS81-PR0757) and the group holds an IGBC Platinum green building certification. Buyer sentiment across their delivered projects is broadly positive, with timely delivery noted as a differentiator in regional market feedback.
Q: What configurations (BHK types) are expected?
A: No official floor plans or configuration details have been released. Based on the developer's earlier projects (Heights offered 3 BHK to 5 BHK penthouses; Regalia is positioned in the premium segment), and the GMADA mixed land-use zoning which allows high-rise residential, the project is likely to offer 2 BHK, 3 BHK, and 4 BHK apartments. The developer has confirmed that commercial spaces will occupy the ground and first floors.
Q: What is the nearest metro station to Sector 62, Mohali?
A: There is currently no operational metro in Mohali or Chandigarh. The Chandigarh Metro project has been under discussion for years and an MP from the region has publicly demanded faster project completion, but no operational timeline has been confirmed as of mid-2026. Residents rely on personal vehicles, autos, and CTU buses. The main ISBT bus stand is within Sector 62 itself, roughly 0.5 km from the project site.
Q: Is this a good investment opportunity in Mohali?
A: The location fundamentals are strong — established infrastructure, urban convenience, and very limited new premium supply in Sector 62 make this a credible long-term hold. The March 2026 GMADA auction itself was a strong institutional confidence signal, with 37 of 42 sites selling at an average 55% above reserve price. However, investors must factor in: a long gestation period (RERA filing pending, delivery ~2031), high expected entry pricing given the land cost, and the absence of RERA protection currently. This is a pre-launch opportunity suited to buyers with patience and a 5–7 year investment horizon — not a short-term trade.
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Questions & Answers
This page was drafted by Harsh Patel, Senior Property Analyst (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: 25 May 2026 · Spot an error? Let us know
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