GMADA puts 42 sites under the hammer; Sector 62 and Medicity lead the list
The two largest sites alone carry reserve prices of over ₹2,170 crore. Bidding was open till 11 February.
- 42 sites: residential, industrial, commercial, hotel and petrol pump
- Sector 62: 27.77 acres, reserve ₹1,213.72 crore
- Medicity: 28.22 acres, reserve ₹961.01 crore
- 10% deposit on allotment; 15% discount for full payment within 120 days
The Greater Mohali Area Development Authority (GMADA) has opened an e-auction of 42 sites across Mohali and New Chandigarh, with bidding open until 11 February 2026.
The headline sites are a 27.77-acre parcel in Sector 62 with a reserve price of ₹1,213.72 crore, and a 28.22-acre site in Medicity with a reserve of ₹961.01 crore. Sites in Sector 68 are also on offer, along with residential plots, industrial plots, commercial spaces, a hotel site and petrol pump sites.
Successful bidders pay a 10% deposit on allotment. GMADA is offering a 15% discount to buyers who pay the full amount within 120 days.
What it means for buyers
Large parcels like Sector 62 usually go to developers for group housing or mixed-use projects. Watch for RERA registrations on these sites; that is when apartment and SCO launches will follow.
Update: The Sector 62 parcel later sold for ₹1,742.31 crore in GMADA's August 2026 auction. Read the report.
Sources
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