Gillco Meraqui Sector 126 Mohali: PR-7 Launch Prices & 2026 Review

Short answer: Gillco Meraqui is a 12-acre ultra-luxury residential development located in Sector 126, Mohali, directly fronting the 200-foot PR-7 Airport Road. Developed by Gillco Group with a planned investment of ₹700–800 crore, the gated project comprises 444 high-end apartments across six high-rise towers (Stilt + 25/26 floors). Residences are configured exclusively as 3+1 and 4+1 bedroom homes spanning roughly 3,150 to 4,550 sq ft, with launch prices starting at approximately ₹4.0 crore. The project caters specifically to high-net-worth end-users and NRI families seeking low-density living (around 37 units per acre) and direct airport connectivity, rather than budget buyers or pure rental yield investors.

₹4.0 Cr+Starting price3+1 & 4+1 luxury units
12 AcresProject land6 towers, 444 residences
₹750 CrEst. investmentRERA: PBRERA-SAS81-PR1390
2028–29Target deliveryMivan shuttering build

The PR-7 Luxury Pivot: What Is Gillco Meraqui?

For two decades, Gillco Group was primarily associated in the Tricity with large-format horizontal townships and mid-segment developments. Projects such as Gillco Valley in Sector 127 established the builder's footprint across independent floors, plots, and villas, while Gillco Parkhills marked its initial foray into high-rise living on the Airport Road corridor. Gillco Meraqui represents a fundamental strategic shift: an entry into the ultra-luxury residential bracket designed to compete directly with established luxury landmarks in Mohali.

Led by Managing Director Tejpreet Singh Gill as his first major independent development, the project involves an estimated investment of ₹700–800 crore. Total gross sales realization across its lifecycle is projected at over ₹2,300 crore, with an initial 250 units released at launch aiming for roughly ₹1,200 crore in sales. The development has been registered with the Punjab Real Estate Regulatory Authority under registration number PBRERA-SAS81-PR1390.

Local real estate Instagram pages and creators are an active source of listings and area info for Tricity property seekers today, though buyers should always look past staged renders to examine concrete floor plans, land density, and builder track records. Meraqui adopts an architectural theme inspired by classical Greco-Roman design principles, branded as "The Greek Art of Living." To execute this vision, the developer engaged prominent design consultants: Morphogenesis for architectural planning, Oracles for grounds and green design, and Essajees Atelier for interior concept spaces.

Sector 126 and the PR-7 Airport Road: Strategic Location Context

Understanding Sector 126 requires understanding the role of the PR-7 Airport Road in the broader urban layout of SAS Nagar (Mohali). The PR-7 is a 200-foot-wide, six-lane arterial corridor engineered to bypass inner-city bottlenecks. It establishes a high-speed link connecting the Kharar-Kurali highway on the west directly through to Aerocity, IT City (Sectors 82 and 83), and onward to Zirakpur and Panchkula.

For residents of Sector 126, this location offers distinct transit advantages:

Shaheed Bhagat Singh International Airport: Reachable in approximately 15 to 20 minutes via a uninterrupted drive along the PR-7 corridor, completely avoiding the congested Tribune Chowk and inner Mohali traffic signals.
IT & Commercial Hubs: Direct access to the IT City development zone, QuarkCity, and the commercial complexes in Sectors 67, 82, and 83.
Healthcare & Education: Max Super Speciality Hospital (Phase 6), Fortis Hospital (Sector 62), and premier educational institutions such as Chandigarh University at Gharuan and Amity University in Sector 82 are easily accessible. For daily transit patterns across these zones, see our detailed Chandigarh Tricity Commute Guide.

Sector 126 sits right at the confluence where Mohali meets the expanding Kharar suburban belt. Unlike inner sectors that suffer from land scarcity, the PR-7 stretch in Sector 126 provides the physical road width required to support expansive gated developments without creating severe street-level gridlock.

Unit Configurations, Floor Plans & Density Analysis

Unlike conventional developments that mix 2BHK, 3BHK, and studio units within the same towers, Gillco Meraqui enforces strict layout segregation. The project consists solely of large-format residences across two core unit configurations:

3 BHK + Servant Room (3+1): Built-up and super areas starting around 3,150 sq ft. These units feature dedicated foyer entries, separate utility balconies, en-suite washrooms for all primary bedrooms, and separate servant entry access.
4 BHK + Servant Room (4+1): Expansive units ranging up to roughly 4,550 sq ft. These floor plans offer double-height balconies, expansive master suites with walk-in wardrobes, formal and informal living zones, and extensive natural light orientation.

The total density metric is one of the project's primary selling propositions. Distributing 444 apartments across a 12-acre site results in a density of approximately 37 units per acre. In comparison, typical mid-market apartment complexes in Kharar, Zirakpur, or Sunny Enclave frequently build 80 to 110 units per acre. Lower density translates directly to uncrowded elevators, quieter common areas, and higher per-unit access to open spaces, with over 70% of the project footprint allocated to open parks, green lawns, and recreational zones.

Construction uses Mivan aluminium formwork shuttering, providing monolithic concrete structural strength, uniform wall finishes, and faster floor completion cycles compared to traditional brick masonry.

Price Realities: The ₹4 Crore Entry Point Explained

Pricing at Gillco Meraqui reflects the sharp escalation seen across premium Mohali real estate over the 2024–2026 cycle. Base selling prices (BSP) at launch translate to approximately ₹11,500 to ₹13,500 per sq ft on super area, positioning the ticket size firmly in the luxury bracket:

3+1 BHK Residences: Observed entry pricing starts around ₹4.0 crore to ₹4.3 crore base price.
4+1 BHK Residences: Observed pricing ranges from ₹4.8 crore to upwards of ₹5.6 crore, depending on tower position, floor height, and preferential location charges (PLC).

Total Outflow Reality: The base agreement value is only part of the capital commitment. Buyers must account for statutory and ancillary costs: 5% Goods and Services Tax (GST) on under-construction property, Punjab stamp duty and registration fees, Interest-Free Maintenance Security (IFMS), power backup infrastructure charges, and club development fees. These components typically add ₹30 lakh to ₹50 lakh on top of the headline base price.

This price level places Gillco Meraqui in direct competition with established luxury properties in Sector 70 and high-bid GMADA sectors. For deeper context on land valuations driving these figures, read our analysis on GMADA Sector 62 and Aerocity e-auction results as well as the broader market report on Tricity property market growth trends.

Market Comparison: How Meraqui Compares to Tricity Luxury Benchmarks

To evaluate whether Meraqui justifies its price tag, it helps to compare it against prominent luxury alternatives across Mohali and the PR-7 corridor.

Gillco Meraqui vs Mohali Luxury & Semi-Luxury Benchmarks (2026 Data)
Project / Development	Micro-Location	Typical Sizes	2026 Observed Price Range	Density (Units/Acre)	Target Buyer Profile
Gillco Meraqui	Sector 126 (PR-7 Road)	3,150–4,550 sq ft (3+1, 4+1)	₹4.0 Cr – ₹5.6 Cr+	~37 units/acre	Ultra-HNI end-users, NRIs, C-suite leaders
Homeland Heights	Sector 70, Mohali	1,980–4,000 sq ft (3, 4, 5 BHK)	₹3.2 Cr – ₹6.0 Cr (Resale)	~60 units/acre	Established Mohali families, mature sector preference
Marbella Grand / IT City Tier	Sector 82 / IT City	2,600–3,700 sq ft (3+1, 4+1)	₹2.7 Cr – ₹4.5 Cr	~50 units/acre	Tech executives, airport road investors
Gillco Parkhills	Sector 126 (PR-7 Road)	1,075–1,950 sq ft (2, 3, 4 BHK)	₹85 Lakh – ₹1.8 Cr (Resale)	~75 units/acre	Mid-market families, upgraders from Kharar
Gillco Valley Independent Floors	Sector 127, Mohali	900–1,800 sq ft (2, 3 BHK)	₹45 Lakh – ₹95 Lakh	Variable low-rise	Budget buyers, student rentals, entry-level owners

As the comparison shows, Gillco Meraqui is not an upgrade path for standard budget buyers in Kharar or Sector 127. It is positioned at three to four times the entry capital of neighbouring residential developments, targeting an entirely different demographic.

Who Is Gillco Meraqui Actually For?

Buying a ₹4+ crore apartment requires clear alignment between family lifestyle requirements and project realities. Here is an honest assessment of who should consider this development and who should look elsewhere:

Works if you are:

An NRI or HNI business owner seeking a large 3,100+ sq ft gated residence with low community density and extensive resort amenities.
A frequent flyer or corporate leader who values 15-minute signal-free connectivity to Chandigarh International Airport via PR-7.
An upgrader from an independent house who wants modern security, professional facility management, and zero maintenance hassles without giving up square footage.
A buyer with a 3 to 4-year horizon who does not require immediate move-in possession and can leverage construction-linked milestones.

Look elsewhere if you are:

Seeking high rental yields: Ultra-luxury Mohali properties deliver gross rental yields of 2.0% to 2.8%, compared to 4.5% to 6.0% in student and IT-adjacent 1BHK/2BHK units.
Working with a budget under ₹2 crore: The entry ticket of ₹4.0 crore plus taxes excludes mid-segment budgets; look at Sector 127 or Zirakpur instead.
Needing immediate possession: As a greenfield construction with target delivery in 2028–2029, this does not suit buyers needing to move in within 12 months.
Looking for central Chandigarh sector life: Sector 126 is an arterial highway location, not an inner-grid Chandigarh walking neighbourhood.

For owners deciding between capital deployment in luxury apartments versus independent land, our guide on Mohali record land prices and owner decisions outlines the trade-offs in detail.

Key Due Diligence Steps Before Booking

If you are evaluating a purchase at Gillco Meraqui, ensure you follow structured due diligence rather than relying solely on brochure promises:

Check RERA registration filingsVerify project registration number PBRERA-SAS81-PR1390 on the Punjab RERA public portal to confirm sanctioned tower heights, building plans, and statutory completion dates.
Evaluate carpet area efficiencyCalculate the ratio of actual carpet area to super built-up area. In luxury high-rises with double-height decks and expansive lift lobbies, efficiency generally ranges between 65% and 70%.
Review the milestone payment scheduleOpt for a construction-linked payment structure tied to verified on-site slab castings rather than time-based demands.
Budget for post-possession maintenanceGated communities with expansive clubhouses, indoor pools, and extensive green grounds incur monthly maintenance charges typically ranging from ₹3.0 to ₹4.5 per sq ft.

Hoomzz lists physically verified rentals and property options across Chandigarh, Mohali, Panchkula and Zirakpur, giving property buyers and tenants verified ground reality before making financial commitments. Prospective purchasers can explore verified residential inventory through Hoomzz Buy Properties in Tricity or evaluate monthly financing commitments with Hoomzz Property Calculators.

Frequently Asked Questions

What is the price of Gillco Meraqui in Mohali?

Launch prices for Gillco Meraqui in Sector 126 Mohali start at approximately ₹4.0 crore for 3+1 BHK residences and range upwards of ₹5.6 crore for large 4+1 BHK configurations. Final out-of-pocket costs will be higher after accounting for 5% GST, stamp duty, registration charges, and club maintenance deposits.

Where exactly is Sector 126 Mohali located?

Sector 126 is situated along the 200-foot-wide PR-7 Airport Road in Mohali, positioned near the junction connecting Kharar with the airport expressway. It offers direct, signal-free connectivity to Chandigarh International Airport (15–20 minutes) and quick access to IT City, Aerocity, and SAS Nagar commercial sectors.

How many flats and towers are planned in Gillco Meraqui?

The project spans 12 acres and consists of 444 ultra-luxury residences distributed across six high-rise towers of Stilt + 25/26 floors. The developer opened 250 of these apartments for sale during the initial launch phase, keeping overall density low at around 37 units per acre.

Is PR-7 Airport Road a good location to buy luxury property in 2026?

The PR-7 Airport Road corridor is one of the Tricity's fastest-growing premium property corridors due to its wide road infrastructure and rapid commercial development. However, buyers should ensure they are purchasing for long-term living or capital appreciation, as rental yields on luxury units here remain modest at 2.0% to 2.8%.

What is the difference between Gillco Meraqui and older Gillco projects?

Older projects like Gillco Valley in Sector 127 are low-rise, mid-segment horizontal townships with floors and plots priced between ₹45 lakh and ₹1.2 crore. Gillco Meraqui is an ultra-luxury, high-rise development with starting prices above ₹4 crore, large floor plates (3,150–4,550 sq ft), high-end lifestyle amenities, and Mivan construction technology.

Sources, and what here is judgement rather than data

Factual project specifications, RERA registration numbers, tower configurations, and investment figures cited in this guide are verified through public disclosures, regulatory filings, and reporting from:

Editorial judgement vs data: The assessment of buyer suitability, rental yield expectations (2.0%–2.8%), and comparisons against older Gillco developments reflect Hoomzz market analysis and local transaction observations across Sector 126 and the PR-7 corridor, rather than official developer claims.

👈 This comparison is based on market observations and publicly available data. Users should verify details independently.

Gillco Meraqui Sector 126 Mohali: PR-7 Luxury Launch Specs, Prices & Buyer Analysis (2026)