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Wednesday, 21 October 2026
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GMADA & Government Explainer

Bidding at a GMADA e-auction: deposits, payments, possession

The payment timeline seen in recent auctions.

By Tricity Market News Desk·Published ·1 min read Mohali
Tricity Market graphic with the headline: Bidding at a GMADA e-auction: deposits, payments, possession
Graphic: Tricity Market

Terms vary by auction, so read the brochure for the one you are bidding in.

  • Earnest money to take part in bidding.
  • 10% of the bid on allotment.
  • Possession on payment of 25% in some auctions.
  • Early full-payment discount. The January 2026 auction offered 15% for full payment within 120 days.

Budget for stamp duty, registration charges and applicable GST too.

This explainer is general information, not legal or financial advice. Rules and fees change; check the official source before acting.

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