GMADA offers 42 prime sites worth ₹5,460 crore for online auction; first mega auction of 2026 from Jan 14 to Feb 11: Hardeep Singh Mundian
The Voice of Chandigarh
In a significant push to accelerate planned urban development and broaden access to real estate opportunities, Punjab Housing and Urban Development Minister Hardeep Singh Mundian on Wednesday announced that the Greater Mohali Area Development Authority (GMADA) will auction 42 prime sites valued at ₹5,460 crore through an online process, marking the first mega auction of 2026 to be held from January 14 to February 11.
The auction, spanning residential plots, SCOs, mixed land-use sites, and land earmarked for hospitals and hotels, reflects the Bhagwant Mann Government’s strategy of rationalising property prices, enforcing complete transparency, and leveraging investor-friendly policies to ensure wider participation by homebuyers, entrepreneurs, and institutional investors alike.
Addressing a press conference on Wednesday, Housing and Urban Development Minister Hardeep Singh Mundian announced that 42 sites of the Greater Mohali Area Development Authority (GMADA) have been offered for online auction, comprising residential plots, SCOs, mixed land use sites, group housing plots, as well as land earmarked for hospitals and hotels.
The Housing and Urban Development Minister said, “Under the leadership of Chief Minister Bhagwant Singh Mann, the Punjab Government is making sustained efforts for balanced and planned development of the state.” He added that investor-friendly policies of the Bhagwant Mann Government have generated strong interest in the real estate sector and infused fresh momentum into urban development activities.
Highlighting the positive response to earlier initiatives, the Housing and Urban Development Minister said that e-auctions conducted from time to time by development authorities under the Housing and Urban Development Department have received encouraging participation. “Carrying this process forward, GMADA has scheduled the first mega auction of the year 2026 from January 14, 2026 to February 11, 2026,” he said.
Minister Hardeep Singh Mundian informed that in line with decisions taken in the previous Cabinet meeting, prices of the properties offered in this auction have been rationalised to ensure that people from all sections of society can conveniently purchase property as per their requirements. “This step will help citizens realise their aspiration of owning a home or starting a business,” he said.
The Minister further stated that the selection of sites has been made keeping in view the needs of every segment of society so that buyers can choose properties aligned with their personal or commercial requirements. He added that the properties are located at prime urban locations and are well connected through multiple modes of transport, including the international airport, railway station, and major road networks.
Emphasising transparency, Minister Hardeep Singh Mundian said, “The entire auction process will be conducted by GMADA with complete transparency.” He informed that details regarding eligibility for bidding, payment schedules, and comprehensive information along with terms and conditions are available on the auction portal puda.enivida.com. “After registration on the portal, bidders can participate in the auction,” he said, adding that for the convenience of bidders, GMADA has also launched a dedicated email ID invest.gmada@punjab.gov.in for all property-related queries.
Expressing confidence in the outcome, the Minister said that like previous successful auctions, this initiative is expected to yield positive results, contribute to the economic growth of the state, and enable GMADA to utilise the revenue generated to raise new benchmarks of development within its jurisdiction.
