Major Property Auction Launched in SAS Nagar
The Greater Mohali Area Development Authority has launched an exciting e-auction initiative featuring 156 premium properties across SAS Nagar and New Chandigarh. This comprehensive auction is one of the most significant property disposals in the region, offering investors unique opportunities from August 1 to August 18, 2025.
Diverse Property Portfolio Available
The auction includes a wide range of real estate options across various sectors, including commercial and residential. Commercial enthusiasts can bid on 99 SCOs, booths, and shops starting from ₹83 lakh. Residential investors will find 21 plots available with starting prices of ₹1.55 crore onwards.
Unique investment opportunities include a strategically located petrol pump site priced at ₹21.62 crore and nine hotel sites ranging from ₹73 crore onwards. Educational infrastructure developers can explore six school sites beginning at ₹22 crore. The portfolio also features six commercial sites starting at ₹64.58 crore.
Attractive Payment Structure
GMADA has introduced remarkably investor-friendly payment terms requiring only 10% of the bid amount for property allotment. This flexible approach significantly reduces initial financial burden while maintaining accessibility for serious buyers across different investment capacities.
Additionally, purchasers who complete full payment within 120 days receive a substantial 15% rebate. This incentive structure encourages quick settlements while providing meaningful cost savings for prompt payers.
Strategic Investment Potential
Properties span across SAS Nagar and New Chandigarh, two of Punjab's most promising development corridors. The auction includes high-value mixed-use sites starting from ₹238 crore and premium group housing developments from ₹374 crore onwards.
The campaign operates under the compelling tagline "unlock the doors of fortune," reflecting GMADA's confidence in the substantial investment potential these carefully selected properties represent.