The Medallion, Sector 82-A (IT City), Mohali — 3 BHK, 3+1 BHK and 4 BHK High-Rise Apartments with Penthouses on 200-ft Airport Road

The Medallion is a premium residential group housing project positioned directly on the 200-ft wide international airport road in IT City, Sector 82-A, Mohali. It is developed by Turnstone Realty and offers luxurious 3 BHK, 4 BHK apartments and elegant penthouses. The project is spread across 8.6 acres of land with 9 towers that rise up to 22 floors with 660 units to be constructed. Every flat in each tower is a corner flat, designed for ample sunlight and natural ventilation. The Medallion is the first project in the Tricity offering double height podium parking. The construction uses Mivan Construction Technology with 38,000 sq. ft. of amenities. This is a critical point: the project was originally expected to deliver in October 2025 across multiple sources, but 99acres now lists possession scheduled for March 2026. This slippage from October 2025 to March 2026 is a 5-month delay that buyers should factor into their timeline planning. The project is RERA registered under PBRERA-SAS81-PR0685. On the developer front, Turnstone Realty has delivered 1 project so far, and there is 1 project currently under construction.

This means The Medallion is the developer's first major delivery test in Mohali. For buyers, this is the single most important risk factor. A developer with only one prior delivered project and one under construction has not yet built a long track record. However, the project's RERA registration, bank approvals and Mivan construction methodology provide structural safeguards. Banks associated with this project are SBI, ICICI Bank, HDFC Bank, Axis Bank, Canara Bank, Tata Capital, Reliance Home Finance and DHFL. This level of institutional approval means multiple lenders have independently completed their own due diligence on the developer's financial health and land title. Homebuyers and investors have praised The Medallion Sector 82 for its prime location near key services and infrastructure, superior construction quality and luxurious features, transparency in dealings thanks to its RERA approval, and a vibrant community that fosters a wholesome living experience. The existing residents of Sector 82 gave it an average rating of 4.2 out of 5. The sector is described as a premium locale with housing inventory dominated by 3 BHK residential apartments, located along Airport Road NH-5, within 3 km of Bestech Business Tower, with STPI Incubation Center Mohali and MK Technology Park within 10 km, 8 km from Chandigarh International Airport, 5 km from SAS Nagar Mohali Junction railway station and 2 km from Indian School of Business. On IREF, a member who visited the Sector 82 project noted good floor plans but another poster flagged the builder has some past, cautioning fellow members to verify the delivery history. This is the same developer behind The Medallion Nova in Sector 66. The other project by Turnstone Realty in this city is Turnstone The Medallion Aurum.

Turnstone Realty's core focus is on contemporary architecture, strong project execution and quality construction, aiming to build aspirational developments with distinctive designs, functionality and finishes. During Q2 2025, average property prices for The Medallion moved from Rs 8,950 per sq. ft. to Rs 9,250 per sq. ft., reflecting a 3.35% rise. The Medallion has 90 listings on marketplaces with median price of Rs 9.5k per sq. ft. This society offers apartments in the price range of Rs 1.41 Cr to Rs 2.7 Cr. The honest assessment: this is a strong product on a strong location with Mivan construction, corner flats and a first-in-Tricity parking design. The risk sits entirely with the developer's limited track record and the 5-month possession delay already recorded. Buyers should visit the site, check construction progress against the RERA quarterly update and speak with the few residents who may have received early possession before committing.