GMADA to Auction 42 Premium Sites Worth ₹5,460 Crore in Major Online Auction

The  first mega e auction of 2026 is scheduled to take place  from January 14 to February 11 marking a major kickoff to the  year’s property sale calendar. Minister Hardeep Singh Mundian announced that the  Greater Mohali Area Development Authority (GMADA) will conduct an  online auction  of  42 premium sites valued at ₹5,460 crore marking one of the  region’s largest digital property sales & through a transparent online process  

A Big Step for Punjab’s Urban Growth  

This auction marks one of  GMADA’s  most ambitious land monetisation drives. By releasing these plots into the market  GMADA  is not only raising revenue but also enabling faster development across key urban hubs.  

The sites include a mix of  commercial, residential and mixed use plots located in high demand zones with strong road connectivity and future growth potential. Designated land parcels have been set aside specifically for  hospitals and hotels  

Why These 42 Sites Matter  

Land  in  Mohali  and its surrounding sectors has become increasingly scarce especially in locations close to IT parks, highways and residential clusters. The  42 sites being auctioned are strategically placed to attract  corporate offices, retail complexes, housing projects and industrial activity . Their combined valuation of  ₹5,460 crore highlights both the premium nature of the land and the strong demand in the region.  

The location enjoys  excellent connectivity being close to major highways well linked to  Chandigarh International Airport and seamlessly connected to  railway stations and key road networks making travel and access exceptionally convenient.  

How the Online Auction Works  

The  e auction model ensures  complete transparency and fair price discovery . Interested bidders can register online, review property details and participate in live digital bidding. This removes middlemen, reduces paperwork and ensures that the final prices reflect real market demand. For both developers  and investors  this system provides confidence and clarity throughout the process.  

Boost to Mohali’s Real Estate Market  

Large scale auctions like this often act as price benchmarks for the entire region. When premium plots are sold at competitive rates it lifts market sentiment, improves liquidity and increases confidence among buyers and builders. Nearby sectors are also likely to see increased interest as improved infrastructure and new projects come up.  

The ₹5,460 crore  expected from this auction will support  public infrastructure, civic amenities and urban development projects . Roads ,utilities and public facilities funded through this revenue will further strengthen the region’s growth cycle.  

Opportunities for Investors and Developers  

For builders  these auctions offer access to  legally clear, strategically located land parcels that are ideal for launching new projects. Investors  on the other hand get an opportunity to secure assets in one of  Punjab’s  fastest growing urban belts. With  Mohali  continuing to attract IT firms, healthcare hubs and educational institutions long term demand remains strong.  

The minister stated that the auction forms a key part of the Bhagwant Singh Mann government’s plan  to balance property prices, bring full transparency  to l and transactions and  create an investor friendly ecosystem .               

Final Outlook  

GMADA’s 42 site online auction is more than a property sale it is a  strategic push to accelerate Punjab’s urban and economic development . With transparent processes , premium locations and  rising investor interest this auction is set to become a defining moment for Mohali’s real estate future .