The Larger Mohali Space Growth Authority (GMADA) is all set to public sale 604 properties throughout numerous classes from March 12 to 22, with its sights set on incomes bumper income.
Whereas Mohali residents will have the ability to purchase retailers and SCOs in Sectors 64, 70, 78,79 and 80; cubicles might be out there in Sectors 59, 60, 61 and 69 in Block D. (Getty Photographs/iStockphoto)
Whereas the authority has but to resolve on the reserved worth, it will likely be providing 457 residential plots in Mohali and New Chandigarh, 88 SCOs, 26 retailers, 13 cubicles, eight blended used plots, 4 IT plots, three college and business websites every, and two resort websites.
Notably, just a few of those websites, together with three college websites in Sector 80 and two close to Ecocity-2, Sector 11, Block-A, New Chandigarh, might be included within the public sale for the third time after failing to search out takers in earlier two auctions held in September and October final 12 months. Two resort websites in Sector 66-Beta, Block-B, IT Metropolis, will even be up for grabs.
Whereas residents will have the ability to purchase retailers and SCOs in Sectors 64, 70, 78,79 and 80; cubicles might be out there in Sectors 59, 60, 61 and 69 in Block D.
Furthermore, residential websites can be found in Sectors 63, 64, 65, 68, 69, 71, 77, 78, 79 and 83 (Alpha), Aerocity, Ecocity-1 and Ecocity-2.
Websites receiving bids of ₹50 crore or extra might be handled as “chunk sites”, whereas these with bids decrease than ₹50 crore might be handled as “Other than chunk sites”.
Candidates have to deposit eligibility payment on-line upfront via the e-auction portal, https://puda.enivida.com. The payment might be absolutely refundable/adjustable.
For business, resort or college websites, the bidders should submit ₹25 lakh eligibility payment for as much as 1 acre land; ₹2 crore for 1 acre to 5-acre land and ₹5 crore for five acre and extra land.
In case of SCOs, retailers, cubicles and residential plots, bidders have to deposit ₹5 lakh as eligibility payment for properties with reserve worth as much as ₹1 crore; ₹7.50 lakh for properties with reserve worth of ₹1 crore to ₹5 crore, and ₹10 lakh charges for properties with reserve worth of greater than ₹5 crore. In its final public sale in October 2024, GMADA had raked in a staggering ₹1,893.80 crore from the public sale of 345 properties forward of Diwali.