Punjabi Market Makes Headlines: GMADA’s Landmark Auction Results
The Greater Mohali Area Development Authority (GMADA) has wrapped up its eagerly awaited auction series, ending March 12–22, 2025, with a total revenue of ₹1,986.82 crore. This sale of 368 properties in Mohali and New Chandigarh showcased strong investor interest in prime urban real estate.
Stand-Out Auction Success
A standout during the auction was an 18,223 sq m mixed-use plot in Aerocity, which fetched ₹264.69 crore. This deal alone highlights the rising demand for integrated commercial-residential spaces in Punjab’s growing hubs. Key commercial purchases also included a 0.84-acre plot in Sector 68-Beta (Block-B, IT City), which attracted a strong ₹83.30 crore bid.
Additional High-Value Deals:
- SCOs (Shop-Cum-Offices): 88 properties in Sectors 64, 70, 78/79, and 80
- Residential Plots: 457 sites distributed across 11 sectors including EcoCity-1/2 and Aerocity
- Specialised Assets: 26 shops, 13 booths, and 8 mixed-use plots, among others
Auction Dynamics and Market Insights
This round featured several repeat listings from previous auctions (September–October 2024). Three school sites in Sector 80 and two hotel plots in Sector 66-Beta (IT City) found buyers after earlier failures. This indicates shifting market priorities.
Category-Wise Breakdown:
| Property Category | Number Auctioned | Prime Zones |
|---|---|---|
| Residential | 457 | EcoCity-1/2, Aerocity |
| SCO | 88 | Sectors 64, 70, 78/79 |
| Commercial | 26+8 | Sector 68, IT City |
| Mixed-Use | 8 | Sectors 63, 71, 77 |
| Educational | 3 | New Chandigarh |
Why This Matters for Investors
- Infrastructure Focus Areas: The infrastructure plan improves the Aerocity and EcoCity zones, which have benefited from recent connectivity upgrades and planned industrial hubs.
- Policy Revisions: Re-auctioned lots successfully cleared after adjustments to reserved pricing strategies
- Sectoral Investors: Retail and institutional buyers showed a preference for the IT City and New Chandigarh sectors
This success positions GMADA as a key player in Punjab’s urban development, setting new benchmarks for land monetisation through strategic auctions. Future rounds will likely see sustained interest in mixed-use and commercial-zoned properties.