Mohali City Centre 1 — Delivered Commercial Project with 100% Occupancy in Aerocity Mohali

About Mohali City Centre 1

Mohali City Centre 1 is STJ Group's flagship commercial delivery in Aerocity Mohali and the project that established the Mohali City Centre ecosystem along the 200 ft Airport Road corridor. Spread across 7 acres in Block-F, GMADA Aerocity, MCC 1 brings together 59 Shop-cum-Office units and 81 double-height mini showrooms in a thoughtfully zoned, 3-side open commercial pocket that enjoys the largest surface parking footprint in Aerocity. The project was acquired on 8 February 2018, completed on 11 September 2020, and is today operating at 100% occupancy — a track record that very few commercial developments in Punjab can claim. Designed for visibility, footfall and rental stability, every unit at MCC 1 benefits from direct sightlines from both PR-7 and PR-9, private connected basements for storage and operations, and proximity to the residential catchment of Sectors 66 to 91, IT City Mohali and the Chandigarh International Airport. For investors and brands looking for ready, income-generating commercial real estate on the strongest commercial frontage in the Tricity, MCC 1 remains the benchmark that the rest of the Mohali City Centre portfolio is measured against.

Key highlights

• 1100 ft frontage — largest in Aerocity
• 3-side open commercial pocket
• Biggest surface parking in Aerocity
• Direct visibility from PR-7 & PR-9
• Private connected basements
• 100% delivered & operational
• 200 ft Airport Road facing
• GMADA infrastructure maintained by L&T

Available configurations

Location advantage

MCC 1 sits directly on the 200 ft Airport Road in Block-F of GMADA Aerocity — the central commercial frontage of Mohali's master-planned airport district. The Chandigarh International Airport is a short 5-minute drive, Sector 17 Chandigarh is approximately 20 minutes via PR-7, and the upcoming IT City Mohali, ISB, ISER, Plaksha University and Bestech Square are all within a 3 to 7 kilometre radius. The project is flanked by densely populated GMADA sectors and high-end residential pockets including Sectors 66, 79, 88, 89, 90, 91 and 99, which deliver a captive residential catchment of over 1 lakh households. National Highway-5 (Chandigarh–Ludhiana) is moments away, while metro connectivity, additional GMADA road widening and the proposed Mohali International Convention Centre will continue to add value to the surrounding micro-market for the next decade.

Investment thesis

With 100% occupancy, established tenants and a mature rental market, MCC 1 is one of the safest commercial real estate plays available in Punjab today. Resale SCOs in MCC 1 typically deliver gross rental yields between 5.5% and 7% per annum, which is materially higher than residential yields in the same corridor and competitive with prime commercial assets in Chandigarh's Sector 17 and Industrial Area. Capital values along the 200 ft Airport Road have appreciated by an estimated 60% to 90% since 2018, driven by GMADA's continued infrastructure rollout, the maturing Aerocity residential base and the consolidation of national F&B, fashion and lifestyle brands on Airport Road. For investors, MCC 1 offers immediate, contracted rental income with negligible vacancy risk — a profile usually only available in legacy Tier-1 commercial markets — combined with continued capital appreciation tailwinds from the Aerocity growth story.

Amenities

• Surface + basement parking
• 200 ft Airport Road frontage
• Fire safety systems
• Power backup
• L&T maintained infrastructure
• 24x7 security
• Loading & service bays
• High footfall plaza

More about Mohali City Centre 1

Mohali City Centre 1 was conceived in 2018 as the anchor of a multi-phase commercial ecosystem on the 200 ft Airport Road, and its delivery in 2020 set the template for every subsequent STJ Group project in the corridor. The 7-acre site was strategically chosen for its frontage, openness and proximity to GMADA's planned residential and institutional zones — choices that have since translated into industry-leading footfall and rental absorption. Surrounding infrastructure including the Aerocity arterial grid, the airport expressway, the proposed metro alignment and continued residential delivery in Sectors 88, 89, 90, 91 and 99 will continue to compound demand for ready commercial space on Airport Road, and MCC 1 remains the single most visible address within that corridor. Compared to alternative commercial markets in Zirakpur, Kharar and even legacy Chandigarh sectors, MCC 1 offers a rare combination of completion, occupancy, GMADA approval, RERA compliance under PBRERA-SAS81-PC0068, L&T-maintained infrastructure, and a developer with a 100% delivery track record — making it a strong candidate for both end-use brand expansion and long-horizon investment portfolios.