GMADA is conducting a major e-auction for ₹2,000 crore worth of group housing sites, commercial plots, and institutional properties in Mohali/New Chandigarh from March 12–22, 2025, offering diverse investment opportunities.
The Greater Mohali Area Development Authority (GMADA) demolished 40 unauthorized under-construction structures in Nayagaon's Karoran village to enforce urban regulations and curb illegal development, emphasizing planned growth in the Mohali region.
Mohali's real estate market saw a 15% average price increase in 2024, with 5,000+ new residential units launched. Infrastructure investments of ₹2,500 crore and 30% growth in commercial demand highlight market momentum.
GMADA's land pooling scheme offers farmers 50% of developed land as residential, commercial, or institutional plots for projects like the airport road and Mullanpur Urban Estate.