Latest News 01-08-2025

GMADA Announces E-Auction of 156 Prime Properties in Mohali & New Chandigarh: Details

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E-Auction Details and Key Dates

• The Greater Mohali Area Development Authority (GMADA) will conduct an e-auction in Mohali of 49 sites starting from September 6, 9 AM, to September 16, 1 PM, 2024.
• Potential bidders can inquire via email at helpdesk@gmada.gov.in.

Total Reserve Price and Available Sites

• The total reserve price for all sites is Rs 2,024 crore.
• Sites available include:
  • 6 group housing sites
  • 1 hotel site
  • 1 nursing home site
  • 9 IT industrial plots
  • 2 commercial chunk sites
  • Other categories spread across Phase 8, Eco City-1, Eco City-II, and Medicity.

Prime Commercial Sites in Mohali’s Business Hub

• Major commercial sites are located at the Business Hub center, opposite the GMADA building.
• Development similar to Sector 17, Chandigarh, with three malls and business centers already under construction, and one mall operational.

How to Participate in GMADA E-Auction

• Visit the e-auction portal: https://puda.e-auctions.in.
• Registration details, payment schedule, site information (size, location), and other procedures will be available on the portal before the auction begins.

Bidding Process and Guidelines

• Bidders must place bids above the reserve price.
• Multiple bids can be placed, and there are no limits on revising bids.
• Sites will be allotted to successful bidders upon payment of 10% of the final bid price.

Terms of Site Possession

• Possession of the sites will be handed over based on the auction policy's terms and conditions.