The Medallion Nova, Sector 66, Airport Road, Sahibzada Ajit Singh Nagar (Mohali), Punjab 140501
The Medallion Nova, Sector 66, Mohali — Under Construction 3 and 3+1 BHK Premium Apartments on Airport Road
The Medallion Nova sits on a 4.5-acre parcel in Sector 66, directly adjacent to Airport Road. The project is developed by AG Realty Mohali, also marketed under the Turnstone Realty and Medallion Group umbrella, and is registered under Punjab RERA with number PBRERA-SAS81-PR1006. Construction started in April 2023 with a scheduled possession date of December 2030. The project offers 3 BHK and 3+1 BHK apartments across 5 towers of 14 floors each, with 288 total units. On RERA portal the carpet areas are registered as 1,171 sq. ft. to 1,471 sq. ft.
while marketing collateral quotes super areas of 1,990 sq. ft. to 2,497 sq. ft. This gap is something buyers must pin down contractually before committing. The Medallion Group's earlier project, The Medallion in Sector 82, has been a reference point for buyers on property forums. On the Indian Real Estate Forum (IREF), a buyer who visited the Sector 82 project reported that the builder is putting up Medallion 1 in Sector 82 and the project has good floor plans. However, the same thread carries a cautionary note from another poster who said the builder has some past and is asking if any IREF member has experience with them.
This kind of mixed signal is common for mid-tier developers and points to the importance of verifying the developer's delivery history through completed handovers rather than marketing alone. The location in Sector 66 is genuinely strong. The sector is rated 3.9 out of 5 by existing residents on 99acres. On housing forums, Sector 66 is described as a premium locality with Bestech Business Tower providing walk-to-work potential, Mohali IT Park at 3 km and upcoming Medicity and Education City developments nearby. The honest risk factor here is the December 2030 possession timeline. Capital will be locked for 4 to 5 more years from today. Buyers should evaluate whether the location premium justifies a 7-year wait from launch to handover, or whether a ready-to-move option in the same sector (like Bestech Park View or JLPL Falcon View) offers better risk-adjusted value. Bank approvals are currently limited to ICICI Bank and Canara Bank.
Size
1,990 - 2,497 sqft
Bedrooms
3
Type
apartment
Towers
5
Property Highlights
Amenities
Property Overview
Unit Types & Sizes
| Configuration | Size | Price | Status |
|---|---|---|---|
| 3 BHK | 1,990 sqft | Price on request | Available |
| 3+1 BHK | 2,497 sqft | Price on request | Available |
* Prices are indicative and subject to change. Contact us for the current payment plan and floor-wise pricing.
Location
Nearby Landmarks
Bestech Business Tower
5
min
BY CAR
Bestech Square Mall
5
min
BY CAR
Mohali IT Park
10
min
BY CAR
Investment FAQ
What is the realistic possession date?
RERA says December 2030. Construction started in April 2023. That is a 7-year launch-to-handover cycle. Buyers should visit the site to check actual construction progress before booking and compare this timeline against ready-to-move options in the same Sector 66 corridor.
What is the actual apartment size I will receive?
There is a meaningful gap between the RERA-registered carpet area (1,171 to 1,471 sq. ft.) and the marketed super area (1,990 to 2,497 sq. ft.). The carpet area is what you physically live in. Demand the RERA carpet figure in your agreement of sale before signing.
What do property forums say about the developer?
On IREF (Indian Real Estate Forum), a buyer who visited the Medallion Sector 82 project reported good floor plans. However, another poster in the same thread flagged the builder has some past and asked for due diligence from experienced members. This is not a red flag per se but indicates the developer is not yet in the same trust tier as JLPL or ATS. Verify their completed handover history before committing.
Is this a better buy than Bestech Park View or JLPL Falcon View in the same sector?
Bestech Park View and JLPL Falcon View are ready to move with established societies and documented resident reviews. Medallion Nova is under construction with a 2030 timeline. For end-users who want to move in today, the ready options are safer. For investors who believe in Sector 66's trajectory and are comfortable with a 4 to 5 year lock-in, Medallion Nova offers a newer product at potentially lower per-sq.-ft. rates than resale in the older projects.
Which banks have approved loans?
ICICI Bank and Canara Bank are confirmed. The limited number of approvals is typical for an under-construction project. More banks may come on board as construction progresses.
Is Sector 66 genuinely a good location?
Yes. Residents rate it 3.9 out of 5. It has Bestech Business Tower (walk-to-work for corporate employees), IT Park at 3 km, railway station at 2 km, Bestech Square Mall and multiple hospitals nearby. The upcoming Medicity and Education City add further long-term demand drivers.