Chandigarh, January 14,
In a major initiative to boost urban development and make prime real estate more accessible, Punjab Housing and Urban Development Minister Hardeep Singh Mundian announced that the Greater Mohali Area Development Authority (GMADA) is offering 42 premium sites worth a collective ₹5,460 crore through an online e-auction. This marks the first mega auction of 2026, running from January 14 to February 11, 2026.
The auction includes a diverse range of properties such as residential plots, Shop-Cum-Offices (SCOs), mixed land-use sites, group housing plots, and prime locations earmarked for hospitals and hotels. This reflects the Bhagwant Mann Government’s commitment to rationalising property prices, promoting transparency, and implementing investor-friendly policies to attract homebuyers, entrepreneurs, and institutional investors from all segments of society.
Key Highlights from Minister Hardeep Singh Mundian’s Announcement
- Price Rationalisation: Following decisions from the recent Cabinet meeting, reserve prices have been adjusted to make properties more affordable and inclusive, enabling wider participation and helping citizens fulfil their dreams of homeownership or business ventures.
- Prime Locations: The sites are strategically situated in well-connected urban areas of Mohali, with excellent access to the international airport, railway stations, major highways, and other transport networks.
- Investor Momentum: The minister highlighted that previous e-auctions by GMADA and other development authorities have received enthusiastic responses, thanks to the state’s pro-investor reforms and transparent processes. This momentum is expected to continue, driving economic growth and funding further development projects.
- Full Transparency: The entire bidding process will be conducted online with complete openness. All details—including eligibility criteria, payment schedules, terms and conditions, and site-specific information—are available on the official auction portal: puda.enivida.com.
- Bidders must register on the portal to participate.
- For queries, a dedicated email has been launched: invest.gmada@punjab.gov.in.
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Mohali’s Rise as North India’s Fast-Growing Investment Hub
Mohali has solidified its position as one of India’s fastest-expanding urban economies, with an approximate 10% Gross District Domestic Product growth from 2012 to 2021. The city boasts a diversified base in IT, Global Capability Centres, electronics & semiconductors, healthcare, education, and professional services.
- Employment & Talent: Currently employing 50,000–60,000 professionals (with IT/GCC jobs projected to nearly double in the next five years), Mohali produces over 40,000 graduates annually from more than 27 top institutions, including ISB and IISER.
- Cost Advantages: Lower office rentals, competitive power tariffs, and affordable living costs compared to Tier-1 cities improve employee retention and business viability.
- Ease of Doing Business: The Unified Single Window System streamlines approvals across 23+ departments, often within 30–45 days.
- Major Investments: Key projects include Fortis Healthcare’s ₹900+ crore expansion (adding 400+ beds), Infosys’ ₹300 crore IT City campus (creating ~2,500 jobs), ₹4,500 crore Semiconductor Laboratory modernisation, and hospitality developments like Taj and ITC Hotels.
Minister Mundian expressed strong confidence that this auction will deliver excellent results, generate substantial revenue for GMADA, and set new benchmarks for planned, inclusive urban growth in Mohali and Punjab.
Interested bidders are encouraged to visit puda.enivida.com immediately to register and explore the opportunities. This mega auction presents a golden window for investment in one of North India’s most promising real estate markets
