GB Realty plans Salman Khan Residences on Mohali's Airport Road

On 27 October 2026, Punjab-based developer GB Realty announced a luxury residential project on Airport Road in Mohali, built with the Swiss-founded watch and jewellery brand Jacob & Co. The project, to be marketed as Salman Khan Residences, carries a planned investment of about ₹2,400 crore to ₹2,500 crore. Gurinder Bhatti, founder and managing director of GB Realty, said more than ₹1,000 crore of that is for land acquisition.

What is planned

The company plans five residential towers. Two of them will carry the name of actor Salman Khan, who is also Jacob & Co.'s global ambassador. Jacob & Co., founded by Jacob Arabo, will contribute design input. The scope of its role and of any resident services has not yet been fully disclosed. Jacob & Co. describes this as its third residential project in India.

GB Realty describes the project as Punjab's first branded residences development. One press report describes premium 3, 4 and 5 BHK ultra-luxury apartments. The company has not published floor plans. The land is a nine-acre parcel acquired through an auction conducted by a local authority, although some reports give the site as 5.5 acres in Sector 118 and one listing places it in Aerocity. The land size and sector have not been reconciled in the public statements available.

Bhatti said the investment reflects confidence in the Tricity's economic potential, and that the company intends to set a new benchmark for North India's elite housing market. He said the collaboration combines Jacob & Co.'s international design influence with the developer's own expertise.

Location and the Airport Road market

Airport Road is the link to Mohali International Airport. It also gives access to the Mohali IT Park in Sector 67, IT City Mohali and the Mohali Industrial Area. Airport Road connects to Jail Road, which gives access to Mohali Railway Station on the Chandigarh–Sahnewal line.

The corridor has no operational metro. A Chandigarh–Mohali metro route between Airport Chowk and Manakpur Kallar was still at the planning stage as of mid-2025, and no approved date has been found. A property data site with mid-2025 figures puts average apartment prices on Airport Road at about ₹8,600 per sq ft, against more than ₹12,000 in Chandigarh. These figures are indicative and predate the announcement.

What buyers should know now

• Pricing has not been announced.
• The RERA registration number has not been published; project pages show it as coming soon.
• No launch date or possession date has been announced.
• Buyers should confirm the project's registration with the state real estate regulator before making any booking.

GB Realty was co-founded in 2024 by Gurinder Bhatti and Puneet Khanna. The company says it focuses on Mohali and New Chandigarh and has 18 acres or more under development there. The Salman Khan Residences project marks its entry into branded residences. The company has said it plans to invest more than ₹5,000 crore over the next three years in new segments and markets. Over five years, it aims for cumulative investment of about ₹10,000 crore, including around ₹3,500 crore for luxury and ultra-luxury residential projects.

The next markers to watch are the RERA registration, the published price band and floor plans, and the launch date. Until those are public, the scale of the project and the Jacob & Co. design scope remain the company's stated plans rather than confirmed terms.