Archive · 23 Jul 2026
GMADA Relists Sector 62 Site in New E-Auction
The Greater Mohali Area Development Authority (GMADA) is holding an e-auction for 36 commercial and mixed land use properties.
One of the key properties is a 27.78-acre site in Sector 62, which was previously put up for auction in March 2026 but did not attract any bidders.
GMADA has now relisted this property with a slightly higher reserve price of Rs1,214.16 crore.
The authority hopes to generate substantial revenue and attract strong investor participation in this new auction.
GMADA launched an e-auction for 36 commercial and mixed land use properties.
The 27.78-acre MLU site at Sector 62 is a key property in the auction.
The reserve price for the Sector 62 site is Rs1,214.16 crore, slightly higher than the previous auction's Rs1,213.72 crore.
The previous auction in March 2026 failed to attract any bidders for the Sector 62 site.
GMADA generated Rs3,136 crore in revenue from the previous e-auction and is optimistic about strong investor participation in the current auction.
- Who
- Greater Mohali Area Development Authority (GMADA)
- What
- E-auction for 36 commercial and mixed land use properties, including a 27.78-acre MLU site at Sector 62
- When
- Wednesday (specific date not mentioned)
- Where
- Greater Mohali Area, India
- Why
- To generate revenue and attract investor participation
Investor Perspective
GMADA Perspective
Property Value
Investor Perspective
Investors may find the revised reserve price of Rs1,214.16 crore still high and may wait for further price reductions.
GMADA Perspective
GMADA believes the revised reserve price is attractive and expects strong investor participation.
- Property
- 27.78-acre MLU site at Sector 62
- Reserve Price
- Rs1,214.16 crore
- Previous Reserve Price
- Rs1,213.72 crore
- Previous Auction Date
- March 2026
- Total Properties in Auction
- 36 commercial and mixed land use properties
- Previous Auction Revenue
- Rs3,136 crore