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The Greater Mohali Area Development Authority (GMADA) has extended the deadline of its ongoing e-auction for the third time. Interested bidders can now submit online bids until March 6. The auction, which began on January 14, was earlier extended to February 25 before this latest revision.
GMADA has put a total of 42 sites up for sale with a combined reserve price of ₹5,460 crore. The authority cited technical issues faced by some applicants as the reason for granting additional time.
The auction includes a mix of residential, commercial, hospital, hotel, and other category properties. Officials expect strong participation due to the prime locations and development potential of these sites.
This time, 12 booths in Phase 3B2, 5, and 7 of Mohali have also been included. These areas are considered well-developed with affluent residential surroundings, making commercial properties here highly attractive. Authorities expect bidding for these booths to exceed reserve prices.
Seven residential plots in Sector 68 have also been included in the e-auction. According to GMADA officials, the entire bidding process is being conducted online to ensure transparency. All terms and conditions have already been uploaded to the official portal.
Interested applicants must complete online registration and deposit the required earnest money (EMD) to participate. Bids below the reserve price will not be accepted. GMADA expects increased competition following the deadline extension, potentially resulting in higher revenue realization.
With premium-location commercial sites and varied plot sizes included, both small and large investors are expected to participate. Market observers believe this auction could significantly impact real estate activity in Mohali’s prime sectors.
Chandigarh:
The Greater Mohali Area Development Authority (GMADA) has announced a large-scale e-auction of prime land parcels across Mohali, reinforcing the city’s position as North India’s leading investment destination. The e-auction process will be conducted from January 14 to February 11, 2026, through a fully online and transparent bidding mechanism.
According to GMADA officials, the auction includes a diverse mix of commercial, residential, institutional, industrial and mixed-use sites, strategically located with 10–15 minute connectivity to major city hubs, the international airport and the railway station.
Bidding for the properties can be done through the official portal https://puda.enivida.com.
The e-auction covers multiple categories aimed at developers, institutional investors and end users. These include:
12 SCO/Retail sites, with reserve prices starting from ₹3 lakh per square metre
7 mixed land-use sites, priced from ₹34.05 crore per acre
2 group housing sites, with base prices beginning at ₹29.24 crore per acre
4 hospital sites, starting at ₹12.86 crore per acre
3 hotel sites, with reserve prices from ₹26.31 crore per acre
7 residential plots, starting at ₹85,000 per square metre
2 institutional/educational sites, priced from ₹7.09 crore per acre
1 petrol pump site, with a reserve price of ₹15.14 crore per acre
4 industrial/IT sites, starting at ₹12.04 crore per acre
GMADA has also announced investor-friendly payment terms, including structured payment plans of up to three years. To encourage wider participation, special incentives have been introduced for successful bidders.
Under the scheme, allotment will be granted on payment of 10% of the bid amount (cess applicable separately). Additionally, bidders opting for lump-sum payment of the remaining amount within 120 days of allotment will be eligible for a 15% rebate.
Several leading banks, including SBI, ICICI Bank, HDFC Bank and Punjab National Bank, have been empanelled to facilitate financing for buyers.
GMADA has clarified that any corrigendum or extension related to the e-auction will be announced only on the official e-auction portal, and bidders are advised to rely solely on authorised channels.
Further details are available via email at invest.gmada@punjab.gov.in, on the Invest Punjab website https://investpunjab.gov.in/invest-mohali/, or through the toll-free number 18001800062.
The initiative aligns with the Punjab government’s broader push to attract investment and strengthen Mohali’s standing as a preferred destination for commercial and real estate development.
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