GMADA 36-Property Mega E-Auction 2026: Complete Guide for Buyers & Investors

Breaking Auction Alert Buyer Guide By Manindar Verma, Managing Director, Royals Property Consultant | RERA: PBRERA-CHD04-REA0390 | ⏱ 13 min read

The Greater Mohali Area Development Authority has put 36 commercial and mixed-land-use properties up for e-auction, with bidding open until 19 August 2026 — and the property community across the Tricity is watching closely. This isn’t a routine plot sale. It includes an 11-site mixed-land-use portfolio anchored by a 27.78-acre parcel in Sector 62 carrying a reserve price above ₹1,214 crore — a site that failed to sell in the previous round and is now back on the block.

Government land auctions attract serious capital because they come with something private resale rarely offers: clean title, planned infrastructure, and price discovery through open competitive bidding. But that doesn’t mean every property in this auction fits every buyer. This guide walks through exactly what’s on offer, what it’s worth understanding before you bid, and who each category of property actually suits.

Latest GMADA Auction News

GMADA has launched an e-auction covering 36 commercial and mixed-land-use (MLU) properties spread across Aerocity, IT City, Sector 62, Sector 66, Sector 67, Sector 79, and Sector 83. The auction opened recently and will remain live for bidding until August 19, 2026. Of the 36 properties, 11 are large mixed-land-use sites — the category that typically draws the biggest single bids, since MLU zoning allows a mix of commercial, retail, and institutional development on one parcel.

The government’s broader objective with these periodic mega-auctions is straightforward: monetise planned land in high-growth corridors while funding continued infrastructure development across the Mohali region — a cycle that has directly fed projects like Aerocity’s road network and IT City’s commercial zoning in recent years.

About GMADA

The Greater Mohali Area Development Authority is the Punjab government body responsible for planning and developing Mohali and its surrounding growth corridors — Aerocity, IT City, Eco City, New Chandigarh, and the broader Sector 62–101 belt. GMADA allots residential plots primarily through computerised draws at collector-rate pricing, while commercial, institutional, and mixed-use land is sold through competitive e-auction, letting the market determine value.

GMADA’s auction track record has been consistently strong through 2025 and 2026 — including a September 2025 round where Mohali properties alone contributed the largest share of a combined ₹2,945 crore single-day haul across Punjab’s development authorities, and the landmark March 2026 auction discussed in detail below. For the full evergreen picture of which GMADA corridors are worth long-term investment, see our companion guide, GMADA 2026 E-Auction: The Complete Corridor Guide.

Properties Available in This Auction

Reserve prices and site details as officially listed at auction launch; always cross-verify exact current figures and site status on GMADA’s official e-auction portal before bidding, since availability and terms can be updated.

Spotlight: The 27.78-Acre Sector 62 MLU Site

This is the single largest asset in the current auction, and its history makes it worth understanding in detail. The site carries a reserve price of ₹1,214.16 crore and remained unsold in the previous auction round — it has now been re-listed. Sector 62 sits at the heart of Mohali’s most institutionally validated commercial corridor: the previous auction’s highest single bid (₹603.03 crore) also came from a Sector 62 MLU plot, and Sector 62 MLU properties collectively fetched over ₹1,474 crore in that round alone.

A site of this scale is realistically suited to large developers or institutional consortiums capable of an integrated, multi-phase commercial development — think large-format retail, office space, and mixed institutional use together on one parcel. Given that it failed to attract a winning bid previously, serious bidders should independently assess why: whether it was pricing, scale, or timing, since that context matters for anyone considering a bid this time.

Why Investors Are Watching This Auction

• Government-backed title certainty — GMADA land carries clean, government-issued title, reducing the documentation risk common in private resale land.
• Prime, already-planned locations — Aerocity, IT City, and Sector 62 all sit within corridors that already have committed infrastructure investment.
• Demonstrated commercial demand — the March 2026 auction’s 55% average premium over reserve shows real bidding depth, not just listed asking prices.
• Rental and business demand — Aerocity and IT City continue to draw corporate, retail, and hospitality tenants, supporting commercial rental economics.
• Continued infrastructure momentum — auction proceeds directly fund further GMADA infrastructure works, reinforcing the growth cycle in these corridors.

Previous GMADA Auction Results

Context matters here, and the numbers are genuinely striking. GMADA’s March 2026 e-auction sold 37 of 42 offered properties for a combined ₹3,136.97 crore — about 55% above the cumulative reserve price of ₹2,018.84 crore. Only five sites drew no bids.

That last figure — a hospital plot fetching nearly 4x its reserve price — is the kind of data point that tends to draw fresh capital into the next auction round. It signals that bidders see genuine, undersupplied demand in specific categories (healthcare, education) within these corridors, not just speculative land-banking.

Location Analysis

Who Should Consider Buying?

Related Reading

This is Part 1 of our GMADA mega-auction coverage — focused on what’s on offer and who it suits. Serious bidders should pair this with independent legal and financial due diligence before submitting any bid.