Tag: Hardeep Singh Mundian

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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…

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Punjab Forms Committee to Develop Real Estate Roadmap

CHANDIGARH: The Punjab government has established a sector-specific committee under the Housing and Urban Development Department to create a tailored transformation roadmap for the real estate sector. This initiative aims to foster structured collaboration between the government and the real estate industry. Punjab Housing and Urban Development Minister Hardeep Singh Mundian stated, “The committee was formed to provide policy inputs for a progressive, transparent, and investment-friendly real estate ecosystem in Punjab.” He emphasized that the goal is to develop a best-in-class policy model through active collaboration with key stakeholders. The committee is headed by Deepak Garg, Director of Marbella Group,…

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Punjab Increases Land Pooling Offers: Farmers Get ₹1 Lakh/Year

CHANDIGARH: Facing criticism from opposition parties and farmers, the Punjab government announced an increase in incentives under its land pooling policy on Monday. Landowners will now receive an annual compensation of ₹50,000 per acre before the government takes possession, escalating to ₹1 lakh per acre post-acquisition. Punjab Housing Minister Hardeep Singh Mundian stated that farmers would receive the first payment of ₹50,000 within 21 days of applying for the scheme, along with a letter of interest. If land development takes 2-3 years, the compensation will increase by 10% each year, Mundian shared after meeting with residents of 164 villages affected…