Under-Construction Projects in Mohali
Benefits, costs and protections
A primer on buying under construction in Mohali — and why GB Jacob & Co Residences is one step earlier, at pre-launch.
Buying Under Construction
Under-construction homes typically offer staggered payments linked to construction milestones and sometimes lower entry prices than ready homes. They also attract GST, which ready homes with an occupancy certificate do not.
GB Jacob & Co Residences is currently pre-launch — construction schedule and possession date have not been announced.
Key Points
Milestone Payments
Pay as construction progresses.
GST Applies
GST is levied on under-construction homes.
RERA Protection
Registered timelines and escrow rules.
RERA Protections to Use
RERA requires registration, disclosure of approved plans and timelines, and deposit of a share of buyer funds in a designated account. Check quarterly progress updates on the portal once registered.
Never pay more than the RERA-permitted advance before signing a registered agreement.
GB Jacob & Co Residences at a Glance
Key facts every buyer should know before shortlisting — compiled from GB Realty's announcement, news reports and promotional listings.
| Project | GB Realty Jacob & Co. Residences, Mohali |
| Developer | GB Realty (GB Group), Mohali & New Chandigarh |
| Brand Partner | Jacob & Co. — New York luxury watch & jewellery house (est. 1986) |
| Location | Airport Road, Mohali, Punjab — exact sector/site address to be confirmed |
| Project Type | Ultra-luxury branded residences — positioned as Punjab's first |
| Configurations | 3, 4 & 5 BHK luxury residences (indicative) |
| Residence Sizes | 3,500 – 8,000+ sq.ft.* (indicative, final sizes awaited) |
| Land Parcel | Reported between 4.5 and 9 acres* (sources differ) |
| Towers / Homes | About 5–6 towers and ~400 residences (reported) |
| Price | On request — indicative pre-launch quotes from ₹4.35 Cr* |
| Status | Upcoming / pre-launch |
| RERA | Punjab RERA registration awaited |
| Possession | Not announced |
*Figures differ across GB Realty's listing, news reports and promotional websites and are indicative only. Verify the approved layout, carpet area and price with the developer before booking.
Price List & Residence Sizes
Indicative pricing at GB Jacob & Co Residences for buyers searching under-construction projects in Mohali — the official price is on request, so enquire for the developer's cost sheet.
| Configuration | Price | Action |
|---|---|---|
3 BHK Luxury Residence With study (indicative) | Sizes awaited |
₹4.35 Cr* Onwards | |
4 BHK Signature Residence With study (indicative) | Sizes awaited |
₹7.25 Cr* Onwards | |
5 BHK Grand Residence Up to 8,000+ sq.ft.* (indicative) |
Price on Request |
*Official price is "on request". Figures shown are indicative pre-launch market quotes, not a developer price list; they exclude GST, stamp duty, registration and other charges. Do not pay any booking amount before Punjab RERA registration.
Location Advantages — Airport Road, Mohali
Drive times are approximate, based on promotional material, and depend on the final site entrance and traffic. See the full location & connectivity guide.
Chandigarh International Airport
About 10–15 minutes along Airport Road — ideal for frequent flyers and NRIs.
IT City Mohali
About 10–15 minutes to Mohali's planned IT and business district.
Mohali City Centre & Chandigarh
Mohali centre in 10–15 minutes; Chandigarh in about 20–25 minutes.
Fortis Hospital Mohali
About 15–20 minutes for multispecialty healthcare.
VR Punjab Mall
About 15–20 minutes for shopping, dining and entertainment.
PCA Stadium & Panchkula
PCA Stadium about 15 minutes; Panchkula about 30–35 minutes.
Frequently Asked Questions
It is pre-launch; the construction schedule has not been announced.
Yes, GST applies to under-construction homes; confirm the current rate with your advisor.
Registration, disclosure of plans and timelines, and escrow of a share of buyer funds.
RERA limits the advance before a registered agreement for sale; ask for details.
Related Guides
Get the Official Brochure & Price on Request
Register your interest to receive GB Jacob & Co Residences' brochure, indicative floor plans, the developer's price sheet and Punjab RERA updates as soon as they are released.
Get in Touch
Register your interest in GB Jacob & Co Residences, Mohali for the official brochure, indicative floor plans, price on request and launch updates — including Punjab RERA status.