Punjab's Housing and Urban Development Minister Hardeep Singh Mundian made a significant announcement on Wednesday. The Greater Mohali Area Development Authority (GMADA) will conduct an online auction for 42 prime sites. The total value of these properties stands at a staggering Rs 5,460 crore.
Mega E-Auction Scheduled for Early 2026
This marks the first major e-auction planned for the year 2026. The bidding window will open on January 14 and close on February 11. Minister Mundian stated that this initiative forms a core part of the Bhagwant Singh Mann government's broader strategy.
Rationalising Prices and Ensuring Transparency
The government aims to rationalise property prices across the state. A key focus is ensuring complete transparency in all real estate transactions. The administration also wants to promote policies that are friendly to investors.
These efforts seek to attract a wide range of participants. The target audience includes individual homebuyers, entrepreneurs, and large institutional investors.
Diverse Property Portfolio on Offer
The auction will feature a varied mix of land parcels. Available sites include residential plots for new housing projects. There are also shop-cum-office (SCO) units designed for commercial use.
The list extends to mixed land-use sites that allow flexible development. Group housing plots are available for larger residential complexes. Specific land has been earmarked for essential institutions like hospitals and hotels.
Building on Past Success and Government Vision
Minister Mundian highlighted the state government's sustained efforts. Under Chief Minister Bhagwant Singh Mann's leadership, Punjab is pushing for balanced and planned development. The minister pointed to previous investor-friendly reforms that generated strong interest in the real estate sector.
These reforms have injected fresh momentum into urban development activities. Mohali, in particular, has seen a notable surge in such projects. The response to earlier e-auctions conducted by development authorities has been consistently encouraging.
"Carrying this positive momentum forward, GMADA has scheduled this first mega auction for 2026," Mundian said. "We are offering sites located at prime urban locations to maximise interest."
Making Property More Accessible
In a recent Cabinet meeting, important decisions were taken regarding property prices. Following these decisions, the reserve prices for properties in this auction have been rationalised. This step is designed to ensure wider accessibility for buyers from different economic backgrounds.
"This rationalisation will help people from all sections of society," Mundian explained. "It will assist them in realising their aspiration of owning a home or starting a new business venture."
Strategic Selection and Connectivity
The 42 sites were not chosen at random. Authorities carefully selected each property to cater to diverse needs. The portfolio addresses residential, commercial, and institutional requirements comprehensively.
All the listed properties boast excellent connectivity. They are well-linked through major road networks. Potential buyers will appreciate the easy access to the Chandigarh airport and nearby railway stations. This connectivity significantly enhances the long-term investment potential of these sites.
A Fully Transparent Online Process
Minister Mundian placed strong emphasis on the transparency of the auction process. The entire procedure will be conducted online with complete openness. All relevant details are available on the official portal puda.enivida.com.
Interested bidders can find comprehensive information there. The portal covers eligibility criteria for participation. It outlines clear payment schedules for successful bidders. Detailed site specifications and the full terms and conditions are also published online.
Facilitation for Potential Investors
To participate, bidders must first register on the official portal. GMADA has also launched a dedicated channel for investor queries. A special email ID, invest.gmada@punjab.gov.in, is now operational.
This email will address all property-related questions from potential investors. The move aims to streamline communication and provide timely assistance.
Expected Outcomes and Future Development
The minister expressed strong confidence in the auction's outcome. He expects the mega event to yield highly positive results. The revenue generated is projected to contribute substantially to Punjab's economic growth.
GMADA plans to utilise these funds strategically. The authority aims to set new benchmarks in urban development within its jurisdiction. This auction represents a major step in Mohali's journey towards becoming a model of planned urban growth.
