Gillco Group to invest Rs 800 crore to develop a premium residential project in Mohali

New Delhi: Realty developer Gillco Group will invest Rs 800 crore to develop a premium residential project in Sector 126, Mohali, targeting revenue of 1,200 crore.

Spread across 12 acres on PR-7 Airport Road, the project will comprise 444 premium residences across six towers, offering 3+1 and 4+1 bedroom apartments. The development will also include a clubhouse, landscaped open spaces, wellness and sports facilities, and a high-street retail component.

“The project represents the next phase of Gillco Group’s growth as we focus on creating design-led residential developments that address the evolving aspirations of homebuyers. Mohali continues to emerge as one of North India’s strongest residential markets, supported by infrastructure development and improving connectivity,” said Tejpreet Singh Gill, Managing Director, Gillco Group.


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Construction has commenced following the receipt of statutory approvals, and the company expects to complete the project within four years in accordance with RERA timelines.

Gillco Group said it has initially opened 250 apartments for sale. Homes are priced from approximately Rs 11,500 per sq. ft. , with apartment prices starting at around Rs 4 crore, depending on configuration and location within the project. The company said the project has been designed by architecture firm Morphogenesis, while Essajees Atelier is the interior design consultant.

“The master plan has been designed with a focus on creating a contemporary residential community with enduring architectural character and integrated open spaces,” said Manit Rastogi, Founding Partner, Morphogenesis.

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Founded in 2001, Gillco Group has developed residential, commercial and industrial projects across Punjab and the Tricity region. The company says it has delivered over 17 projects covering approximately 43 million sq. ft. and served more than 6,000 families.