GMADA Launches Mega E-Auction Of 42 Premium Sites
The Greater Mohali Area Development Authority (GMADA) has kicked off its largest land monetization initiative so far: an online auction featuring 42 premium sites with a total reserve value of ₹5,460 crore. Bidding is open from January 14 to February 11, 2026, and the entire process is digital, making it simple and transparent while minimizing chances of manipulation.
What Is On Offer
The portfolio is diverse and carefully selected. GMADA is auctioning a combination of:
- Commercial plots
- Residential sites
- Mixed-use parcels
- Industrial and institutional inventory
- Hotel-linked land parcels
These properties are located in high-demand areas of Mohali and nearby growth zones, offering excellent road access and closeness to Chandigarh International Airport, highways, and railway links.
Why This Auction Matters
This is more than just another sale announcement. It represents GMADA’s largest attempt to clear a backlog of unsold properties that have not attracted buyers in four to five previous auctions. The authority has benefited from a 22% cut in reserve prices, approved by the Punjab government, aimed at rekindling investor interest in the market.
Officials anticipate that this revised pricing strategy could generate between ₹5,000 crore and ₹10,000 crore if bidding activity picks up across the available assets.
The Big Drivers
Two key parcels considerably influence the figures and the overall narrative:
- A 27.77-acre site in Sector 62 with a reserve price of ₹1,213 crore
- A 30-acre site in Eco City-I priced at ₹1,311.18 crore
Together, these two significant sites make up nearly 50% of the total reserve value, highlighting how the auction is heavily tilted towards a few major land banks.
What Bidders Should Note
GMADA has made the auction available on a transparent online platform, and potential buyers can register through the official site. The authority has also established dedicated support for investors, including a separate email channel for inquiries.
For developers, funds, and long-term land investors, the message is clear: Mohali continues to be a strategic market, but maintaining pricing discipline is crucial now. The government is aiming for movement instead of stagnant inventory. Meanwhile, buyers have the opportunity for scale, location benefits, and a unique chance to enter a city where infrastructure is increasingly tightening around prime land.