₹2,945 crore in a day: GMADA brings in ₹2,505 crore of Punjab's e-auction haul
Group housing, multiplex sites, SCOs and booths drew strong bids across Punjab's development authorities.
- Punjab development authorities earned ₹2,945 crore in one day
- GMADA's share: ₹2,505 crore
- Group housing, multiplex, commercial, residential plots, SCOs, booths
- 10% deposit; possession on payment of 25%
Development authorities across Punjab earned ₹2,945 crore from e-auctions held on a single day in September 2024. GMADA accounted for ₹2,505 crore of the total.
Properties on offer included group housing sites, a multiplex, commercial chunks, residential plots, SCOs, booths and shops. GLADA, Bathinda, Amritsar, Jalandhar and Patiala authorities also took part.
Successful bidders deposit 10% of the bid amount first, and possession is given on payment of 25% of the total.
Sources
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