MDB Elysium in Banur: Upcoming Residences on the NH-7 Corridor

Project status and launch timing

MDB Elysium is marked as upcoming. The developer's project page for MDB The Elysium shows the project as Coming Soon as of 30 October 2026. A listing portal gives a launch date of January 2026, but no booking or launch event has been reported since then.

Listings use different names for the project, including MDB Elysium and Elysium. One listing labels it as a pre-launch project, but there is no RERA number or booking evidence behind that label.

Configurations and sizes

Listings describe the project as having 3+1 BHK and 4 BHK residences. The quoted super areas are about 2,290 sq ft for the 3+1 BHK and about 2,890 sq ft for the 4 BHK. Carpet areas have not been published, and buyers are advised by listings to confirm them with the sales team.

The developer's microsite lists 2 BHK and 3 BHK apartments and shows floor-plan images for those sizes. These do not match the 3+1 and 4 BHK figures in listings, so the configuration mix should be confirmed directly with the developer before any decision.

Listings say the layout is planned with Vastu-friendly orientation, wide balconies and large windows for light and cross-ventilation. Unit facing and orientation are to be confirmed by sales.

Pricing and buyer costs

Prices are on request, and no price band, price per square foot, payment plan or booking amount has been published. The developer's site states that the base price excludes GST, registration, stamp duty and other statutory charges.

• Stamp duty in Punjab is 7% for male buyers, 5% for female buyers, and 6% for joint male-female ownership.
• Registration is 1% of the property value, with a district cap in some areas.
• Both duty and registration are calculated on the higher of the agreement value or the circle rate. Mohali uses the same statewide rates.

RERA position

No RERA registration number has been published for MDB Elysium. The developer's project page refers to RERA registration without giving a number. One listing shows the RERA field as Update Soon. Buyers should ask for the registration number and check it on the Punjab RERA portal before committing.

Possession timeline

One listing gives March 2029, and another gives 2030 as the completion year. The developer's site shows possession as Soon, without a month or year. No construction stage has been published.

Location and connectivity

The project sits on NH-7, the Zirakpur-Rajpura Highway, next to D-Mart in Banur. The stretch links Zirakpur, Banur, Rajpura and Patiala. The developer's stated travel times are about 10 minutes to Chandigarh International Airport, 15 minutes to Chandigarh Railway Station, 15 minutes to ISBT Sector 43 Chandigarh, and 25 minutes to Kalka Shatabdi Railway Station.

Zirakpur is about 15 minutes away, and Mohali IT City about 15 minutes. No operational metro station is near the site. A Mohali metro extension is at proposal stage, with no confirmed funding or timeline as of mid-2026.

Nearby the developer lists Fortis Hospital Mohali and Alchemist Hospital Mohali at about 5 minutes each, PGIMER Chandigarh at 20 minutes, Delhi Public School Mohali at 5 minutes, Chitkara University at about 7 minutes, and DMart Mohali at 5 minutes.

Road and rail projects in the corridor

The Mohali IT City-Kurali expressway, a six-lane road of 31.23 km built at Rs 1,525.3 crore, has opened to traffic. It starts at IT City Chowk and runs to Kurali.

The Rs 3,167-crore Chandigarh-Ambala expressway is nearing completion. Its Ambala-side stretch, from Ambala to IT City Chowk over about 30 km, is reported to be likely to open on 15 December 2026, while the project remains under construction.

The Mohali-Sirhind expressway, phase 1 (27.37 km), is about 80% complete, with opening targeted for the end of 2026. The Banur corridor has 2,489 acres notified for expansion, a very long-term project with no completion year. A ring-road bypass around Mohali is at proposal and master-plan stage.

About the developer

MDB Group, also known as Metro Developers & Builders, was founded in 2012 and is based on VIP Road, Zirakpur. It has worked across Zirakpur, Mohali, Banur, Dirba, Moonak, Patiala, Patran and Sangrur, and has developed more than 150 acres of land. Its listed projects in Zirakpur include Metro Trade Centre, Metro Towers, Metro Kings Court and Metro Plaza City. The company is not listed on a stock exchange, and no RERA complaints against it have been found.

Planned amenities in listings and the developer's microsite include a swimming pool, a fully equipped gym, landscaped gardens, a jogging track, a community hall, a children's play area, 24/7 security and power backup. Listings also describe a clubhouse of about 1 lakh sq ft and about 5.5 acres of green open space, with walking paths and open lawns between towers. Specifications such as flooring, fittings and lift details have not been published.