Mohali Body Launches E-Auction for 42 Sites Worth ₹5,460 Crore
MOHALI: Punjab’s housing and urban development minister, Hardeep Singh Mundian, has announced a significant step in urban development with the Greater Mohali Area Development Authority (GMADA) set to auction 42 premium sites valued at Rs 5,460 crore through an online platform. The inaugural mega e-auction will take place from January 14 to February 11, 2026. The minister highlighted that this auction aligns with the Bhagwant Singh Mann government’s goal of stabilizing property prices, ensuring transparency, and fostering investor-friendly policies to attract homebuyers, entrepreneurs, and institutional stakeholders. The sites available include residential plots, shop-cum-offices (SCOs), mixed-use areas, collective housing plots, as…
