Market Commentary
Gillco's Tejpreet Gill says Tricity buyers weigh practical needs and long-term value
Tejpreet Singh Gill, Managing Director of Gillco Group, says Tricity homebuyers are judging homes on layout efficiency, usable space, connectivity and long-term value rather than room count alone. His comments appeared in a feature published on 28 October 2026. The feature announces no new launch, price change or sales figure.
| Date of feature | 28 October 2026 |
|---|---|
| Speaker | Tejpreet Singh Gill, Managing Director, Gillco Group |
| Market covered | Tricity: Chandigarh, Mohali and Panchkula |
| Buyer priorities cited | Connectivity, long-term value, and space and design |
| Announcement in feature | None. No new launch, approval, price revision or sales figure |
| Reference project (Gillco Meraqui) | 12 acres on PR-7 Airport Road, Sector 126, Mohali; 444 residences in six towers |
| Meraqui construction start | 24 May 2026 |
| Meraqui unveiling | 6 July 2026 |
| Meraqui possession target | June 2030 in most listings |
What happened
On 28 October 2026, a national news feature on what Tricity homebuyers are prioritising in 2026 quoted Tejpreet Singh Gill, Managing Director of Gillco Group. Gill said the festive season has brought renewed confidence among homebuyers, but that home-buying decisions are increasingly driven by practical considerations and long-term aspirations.
The feature is market commentary. It does not name a Gillco project, announce a launch or approval, or give a Tricity price, sales or transaction figure.
What Gill said buyers now look for
- Layout and space: Buyers look beyond the number of rooms to judge how efficiently a home is designed, how much usable space it offers, and whether it can meet changing needs.
- Connectivity: Convenient access to workplaces, schools, healthcare and lifestyle destinations remains one of the strongest considerations in the Tricity market. Buyers also assess the quality of surrounding infrastructure.
- Planning in Mohali: Gill linked the homebuying decision in Mohali, where residential development is expanding, to thoughtful planning, comfort and a well-connected location.
- Due diligence: Buyers weigh affordability, payment plans, project progress, developer credentials and long-term value. Transparency on approvals, RERA registration, specifications and delivery timelines supports informed decisions.
Context: interest rates and sentiment
In comments reported on 9 October 2026, Gill said inflationary pressure and crude prices had again become a concern after an RBI decision to raise the repo rate. He said a single rate increase was unlikely to change underlying housing demand, because buyers were making decisions based on their long-term requirements.
In the same report, Vishal Goyal, Director of Highland LifeSpaces, said the repo rate increase may have a near-term effect on borrowing costs and buyer sentiment. He said he expected housing demand in the Tricity to stay resilient, supported by end-user demand, improving connectivity and continued infrastructure development.
The reference project: Gillco Meraqui
The 28 October feature does not name a Gillco project. Gillco Meraqui is the group’s most recent Tricity launch and is the most likely reference point for readers. Key details reported so far are:
- Location: PR-7 Airport Road, Sector 126, Mohali, on a site the developer describes as 12 acres. One listing gives about 11.3 acres and another about 7 acres.
- Units: Six towers and 444 residences. Launch coverage describes 3+1 and 4+1 bedroom homes. The developer’s site gives 3 and 4 BHK residences from 3,150 to 4,550 sq ft.
- Sales: The company initially launched 250 apartments for sale and plans to invest about ₹400–450 crore in the first phase.
- Prices: Listings quote different starting prices, from ₹2.66 crore to ₹3.05 crore. Buyers should confirm the current price list directly with the developer.
- RERA: The developer’s site gives PBRERA-SAS81-PR1390-062026. Its RERA status panel, updated 15 June 2026, lists PBRERA-SAS81-PR0762 as approved and registered. Buyers should check the registration on the Punjab RERA portal.
- Timeline: Construction began on 24 May 2026 and the project was unveiled on 6 July 2026. Most listings give June 2030 as the possession target; one gives December 2030.
- Investment: Reported at about ₹700–800 crore, with about ₹1,200 crore in projected gross sales over the project’s life.
- Amenities: A clubhouse, wellness and fitness studios, leisure lounges, recreational courts, meditation zones, children’s spaces and landscaped gardens.
About the developer
Gillco Group is a Mohali-based real estate company, reported as established in 2001, that operates in residential, commercial and industrial segments. Its portfolio includes Gillco Valley, an integrated township in Sector 127; Gillco Parkhills on Airport Road; and Gillco Industrial Park near IT City Road.
Gillco Parkhills, a ready-to-move development in Sector 126 with 700 units, is listed by the developer’s RERA page as completed and handed over. Gill was Executive Director of Gillco Developers & Builders in 2020 and is now Managing Director. Meraqui is described as the first independent project under his leadership.
Location and access
Sector 126 sits on the 200-foot Airport Road, the main arterial connecting Chandigarh to Shaheed Bhagat Singh International Airport. The developer claims a drive time of about seven minutes to Chandigarh International Airport. A portal page puts the airport about 20 km away via NH-5, so the two measures differ.
Other distances cited for the sector are about 5 km to the Mohali Industrial Area via NH-5, about 10 km to Mohali IT Park, and about 13 km to Sahibzada Ajit Singh Nagar railway station. Bus and rail links include Baba Banda Singh Bahadur ISBT, Mohali ISBT and Kharar railway station.
Residents have pointed to the lack of metro connectivity and frequent parking problems on Airport Road. Planned works include the Aeropolis commercial and residential hub along Airport Road, Airport Road as part of a planned alternate route to the airport, a proposed Chandigarh–Mohali expressway and proposed Metro routes. No completion dates for these works have been published.
Chandigarh’s limited and regulated land has pushed much new housing demand to Mohali and Zirakpur. A growing share of Tricity transactions is in the ₹1 crore-plus segment.
What it means for buyers and investors
- Home buyers: Gill’s comments suggest that a home should be judged on layout efficiency and usable space, not room count alone. Payment plans, project progress and RERA registration are the checks he highlights.
- Investors: Gill points to long-term value and developer credentials as the main criteria. The feature gives no investment return data.
- Local market: Highland LifeSpaces expects near-term pressure on borrowing costs and sentiment, but resilient Tricity demand. The feature itself does not give local price, absorption or inventory data.
- Regulator: The feature refers to RERA transparency only in general terms. It does not report a RERA or government statement.
What comes next
The 28 October feature announces no dated Gillco launch, approval or price change. Meraqui’s first sales tranche covers 250 apartments, and the timing of further inventory has not been announced. Its possession target is June 2030 in most listings. Infrastructure works on Airport Road are at the planning stage, and the feature gives no dates for them.
Frequently asked questions
What did Gillco’s managing director say in the 28 October 2026 feature?
Tejpreet Singh Gill said Tricity buyers are judging homes on how efficiently they are designed, how much usable space they offer and whether they can meet changing needs. He also cited connectivity to workplaces, schools and healthcare, and the due-diligence checks buyers make before buying.
Does the feature announce a new Gillco launch or price change?
No. The feature is market commentary. It does not announce a new launch, approval, price revision or sales figure.
Which Gillco project is the likely reference for readers?
The feature does not name a project. Gillco Meraqui, a 444-residence project on Airport Road in Sector 126, Mohali, is the group’s most recent Tricity launch and the most likely reference point.
What should buyers check before buying in Gillco Meraqui?
Buyers should confirm the current price list with the developer, check the RERA registration on the Punjab RERA portal, and review the payment plan, project progress and possession timeline. Listings give different RERA numbers and possession dates, so the official documents should be checked.
How did the repo rate increase affect the Tricity market view?
In comments reported on 9 October 2026, Gill said a single rate increase was unlikely to change underlying housing demand. Vishal Goyal of Highland LifeSpaces said the increase may affect borrowing costs and sentiment in the near term, but expected Tricity demand to stay resilient.