Tricity buyers now judge layout and connectivity over room count, Gillco says

Buyers in Chandigarh's Tricity are judging homes on how well they are planned and how easily they connect to daily needs, the managing director of Gillco Group said in an interview published on 28 October 2026. Tejpreet Singh Gill said the festive season has brought renewed confidence to homebuyers, but that decisions are now driven more by practical considerations and long-term aspirations.

Gill said buyers no longer stop at the number of rooms. They ask how efficiently a home is designed, how much of the space is usable and whether the layout can adapt as their needs change. He linked the decision in Mohali, where residential development is expanding, to planning, comfort and a well-connected location.

On connectivity, he said buyers want easy access to workplaces, schools, healthcare and shopping and entertainment, and they also look at the quality of roads and other infrastructure around a project. The comments did not refer to a specific Gillco project, price revision or sales figure.

What buyers are checking

Gill said buyers are weighing affordability, payment plans, project progress, developer credentials and long-term value. He said clarity on approvals, RERA registration, specifications and delivery timelines helps buyers make informed decisions. The Real Estate (Regulation and Development) Act requires projects of this kind to be registered with the state regulator, which in Punjab is the Punjab RERA authority.

The company's most recent Tricity launch is Gillco Meraqui, an ultra-luxury project on PR-7 Airport Road in Sector 126, Mohali. The developer's own site describes it as 12 acres with 444 residences in six towers, in 3+1 and 4+1 bedroom configurations. Construction began on 24 May 2026, and the project was unveiled on 6 July 2026. The company has launched an initial 250 apartments and plans about ₹400–450 crore of investment in the first phase.

Figures that differ across listings

Listings for Meraqui do not agree on several points. The starting price is given as ₹2.66 crore in one place and ₹3.05 crore in another, while a RERA-registered listing shows a range of ₹3.62 crore to ₹5.23 crore. Most listings give June 2030 as the possession date, but one gives December 2030. Sizes are given as 3,150 to 4,550 sq ft on the developer's site and 3,150 to 4,350 sq ft in a listing. The project area is given as 12 acres in most sources, but as 7 acres and 11.3 acres in others.

Two different RERA registration numbers also appear for the project, one on the developer's site and one in its status panel. Buyers should confirm the current price list, the registration number and the possession date with the company, and check the project on the Punjab RERA portal before committing.

Location is a key part of the pitch. Sector 126 sits on the 200-foot Airport Road, which leads to Shaheed Bhagat Singh International Airport. The developer says the airport is about seven minutes away by car. Mohali Industrial Area is about 5 km away and Mohali IT Park about 10 km, according to a sector-level property listing. Residents have raised concerns about the lack of metro connectivity and parking on Airport Road.

Gill's remarks on rates came earlier in October. On 9 October 2026, he said, "The RBI's decision to increase the repo rate comes at a time when inflationary pressures and crude prices have again become a concern." He added that homebuyers were making decisions based on long-term requirements and that a single rate increase was unlikely to alter underlying demand. Vishal Goyal, director of Highland LifeSpaces, said the same month that the rate increase could affect borrowing costs and sentiment in the near term, while Tricity's end-user demand and infrastructure work support the market.

What it means for buyers

For buyers in Mohali and Chandigarh, the comments point to a practical checklist: the usable area of a flat, the travel time to work and schools, the payment schedule, and the developer's delivery record. Gill's remarks do not include price data or sales figures for the Tricity market, and no regulator or government body has commented on the feature.

Demand is shifting outside Chandigarh. Land in the city is limited and regulated, and a growing share of Tricity transactions is in the ₹1 crore-plus range. Buyers planning a purchase on Airport Road should compare the price lists of several projects and visit the site to see the road and transport links for themselves.