The Greater Mohali Area Development Authority (GMADA) will conduct e-auction of more than 40 sites for IT, nursing homes, industrial, commercial and residential properties in Mohali. The e-auction will start on 4 August 2021 till 16 August 2021.
As many as 26 booths, five SCO/SCF, four IT plots, one group housing site, a school and two other educational sites are available in the e-auction.
GMADA has fixed the base price of these properties.
Earlier in April 2021, GMADA received poor response to the auction as it managed only to sell 25 percent of its properties in the e-auction. Out of 44 sites, the authority could attract only 11 bidders and earn Rs 301 crore.
A school site in Eco City-1 went for Rs 35 crore whereas a housing society site in Sector 88 went for Rs 111 crore.
The authority had fixed a reserve price of Rs 452 crore for 44 properties and fetched Rs 301 crore, whereas in the last auction, it had fixed reserved price of Rs 794 crore and fetched Rs 544 crore.