Chandigarh : In a significant step in the direction of deliberate city improvement and increasing actual property alternatives, the Larger Mohali Space Improvement Authority (GMADA) will conduct its first mega on-line public sale of 2026, providing 42 prime websites with a complete estimated worth of ₹5,460 crore. The public sale can be held from January 14 to February 11, Punjab Housing and City Improvement Minister Hardeep Singh Mundian introduced on Wednesday.
The public sale will embrace a variety of properties corresponding to residential plots, Store-cum-Workplaces (SCOs), blended land-use websites, group housing plots, and land earmarked for hospitals and resorts. The initiative displays the Bhagwant Mann Authorities’s give attention to rationalising property costs, guaranteeing transparency, and selling investor-friendly insurance policies to allow wider participation by homebuyers, entrepreneurs, and institutional buyers.
Addressing a press convention, Minister Mundian mentioned the Punjab Authorities is dedicated to balanced and deliberate improvement throughout the state. He acknowledged that the investor-friendly insurance policies launched below the management of Chief Minister Bhagwant Singh Mann have generated robust curiosity in the true property sector and supplied recent momentum to city improvement actions.
The Minister famous that earlier e-auctions performed by improvement authorities below the Housing and City Improvement Division have acquired encouraging responses. Persevering with this method, GMADA has scheduled the primary mega public sale of 2026 to additional strengthen confidence amongst buyers and residents.
He knowledgeable that, as per selections taken in earlier Cupboard conferences, the reserve costs of properties supplied on this public sale have been rationalised. This step, he mentioned, is aimed toward making property possession extra accessible to folks from all sections of society, whether or not for residential wants or for beginning business ventures.
In line with the Minister, the websites have been fastidiously chosen to cater to numerous necessities and are situated at prime city places with robust connectivity. These areas are nicely linked to the worldwide airport, railway station, and main highway networks, enhancing their residential and business worth.
Emphasising transparency, Minister Mundian mentioned all the public sale course of can be performed on-line with full openness. Detailed data concerning eligibility, bidding course of, cost schedules, and phrases and circumstances is obtainable on the official public sale portal puda.enivida.com. GMADA has additionally launched a devoted e mail ID, make [email protected]
, to deal with queries associated to the public sale.
The Minister expressed confidence that the public sale would yield optimistic outcomes, contribute to Punjab’s financial development, and generate income that GMADA will utilise to additional enhance city infrastructure and improvement requirements. He added that Mohali continues to emerge as considered one of North India’s fastest-growing funding hubs, providing inclusive and clear alternatives for sustainable city development.
