Chandigarh Latest News: Gmada Achieves ₹2.5K Crore from Property Auctions
Significant Revenue from Gmada's E-Auctions
The latest Chandigarh news reveals that the Greater Mohali Area Development Authority (Gmada) has generated a staggering ₹2,505.45 crore from various property auctions. This total comprises a significant portion of the ₹2,945.71 crore accrued by the Punjab Urban Planning and Development Authority (PUDA) through statewide e-auctions that concluded recently.
Details of Property Auctions in Mohali
In Mohali, Gmada's impressive revenue was driven by successful bids for several key properties. These include:
- Two commercial chunks in Sector-62
- One chunk each in Eco City-1 and Aerocity
- Three group housing sites in Sector-66, Ecocity-2, and Medicity
- 16 SCOs and 12 booths across various sectors
Additionally, PUDA auctioned off 162 OUVGL (Optimum Utilisation of Vacant Government Land) properties in Mohali.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.