CHANDIGARH-In a significant push to accelerate planned urban development and broaden access to real estate opportunities, Punjab Housing and Urban Development Minister Hardeep Singh Mundian on Wednesday announced that the Greater Mohali Area Development Authority (GMADA) will auction 42 prime sites valued at ₹5, 460 crore through an online process, marking the first mega auction of 2026 to be held from January 14 to February 11.
The auction, spanning residential plots, SCOs, mixed land-use sites, and land earmarked for hospitals and hotels, reflects the Bhagwant Mann Government’s strategy of rationalising property prices, enforcing complete transparency, and leveraging investor-friendly policies to ensure wider participation by homebuyers, entrepreneurs, and institutional investors alike.
Addressing a press conference on Wednesday, Housing and Urban Development Minister Hardeep Singh Mundian announced that 42 sites of the Greater Mohali Area Development Authority (GMADA) have been offered for online auction, comprising residential plots, SCOs, mixed land use sites, group housing plots, as well as land earmarked for hospitals and hotels.
The Housing and Urban Development Minister said, “Under the leadership of Chief Minister Bhagwant Singh Mann, the Punjab Government is making sustained efforts for balanced and planned development of the state.” He added that investor-friendly policies of the Bhagwant Mann Government have generated strong interest in the real estate sector and infused fresh momentum into urban development activities.
Highlighting the positive response to earlier initiatives, the Housing and Urban Development Minister said that e-auctions conducted from time to time by development authorities under the Housing and Urban Development Department have received encouraging participation. “Carrying this process forward, GMADA has scheduled the first mega auction of the year 2026 from January 14, 2026 to February 11, 2026, ” he said.
Minister Hardeep Singh Mundian informed that in line with decisions taken in the previous Cabinet meeting, prices of the properties offered in this auction have been rationalised to ensure that people from all sections of society can conveniently purchase property as per their requirements. “This step will help citizens realise their aspiration of owning a home or starting a business, ” he said.
The Minister further stated that the selection of sites has been made keeping in view the needs of every segment of society so that buyers can choose properties aligned with their personal or commercial requirements. He added that the properties are located at prime urban locations and are well connected through multiple modes of transport, including the international airport, railway station, and major road networks.
Emphasising transparency, Minister Hardeep Singh Mundian said, “The entire auction process will be conducted by GMADA with complete transparency.” He informed that details regarding eligibility for bidding, payment schedules, and comprehensive information along with terms and conditions are available on the auction portal puda.enivida.com. “After registration on the portal, bidders can participate in the auction, ” he said, adding that for the convenience of bidders, GMADA has also launched a dedicated email ID invest.gmada@punjab.gov.in for all property-related queries.
Expressing confidence in the outcome, the Minister said that like previous successful auctions, this initiative is expected to yield positive results, contribute to the economic growth of the state, and enable GMADA to utilise the revenue generated to raise new benchmarks of development within its jurisdiction.
Mohali emerges as North India’s fastest-growing investment hub as Invest Mohali 2026 auction opens new opportunities for inclusive, transparent urban development
Punjab is entering a decisive phase of its economic and urban transformation, focused not merely on accelerating growth but on shaping a development model that is inclusive, resilient, and globally competitive. Under the leadership of Chief Minister Bhagwant Singh Mann, the Punjab Government is pursuing sustained and focused efforts towards the all-round development of the state. Investor-friendly policies, transparent governance, and institutional reforms have resulted in visible momentum across multiple sectors, including a strong revival and expansion of the real estate and urban infrastructure sectors.
Over the last decade, Mohali has emerged as Punjab’s primary platform for technology, healthcare, advanced manufacturing, and knowledge-driven services, supported by a strong institutional ecosystem and carefully planned urban infrastructure. The city ranks among India’s fastest-growing urban economies, recording approximately 10 percent Gross District Domestic Product growth between 2012 and 2021. This growth has been driven by a diversified economic base spanning IT, Global Capability Centres, electronics and semiconductors, healthcare, education, and professional services, providing long-term economic resilience and investment security.
Mohali currently employs nearly 50, 000 to 60, 000 professionals, with IT and GCC employment projected to almost double over the next five years, creating tens of thousands of high-quality jobs for Punjab’s youth. The city has also consolidated its position as a leading education hub in North India, producing over 40, 000 graduates annually and hosting more than 27 engineering, medical, and management institutions, including ISB and IISER, ensuring a steady pipeline of skilled talent for industry.
Complementing its economic strengths, Mohali offers a significant cost advantage over Tier-1 cities, with lower office rentals, competitive power tariffs, and reduced living costs, resulting in better employee retention. Ease of doing business has been strengthened through the Unified Single Window System covering more than 23 departments, enabling fast-tracked project approvals within 30 to 45 days. High-quality urban living, planned layouts, green cover, improved air quality, and strong regional connectivity further enhance the city’s attractiveness for residents and investors alike.
Mohali is increasingly emerging as India’s upcoming growth hub and well-being city, supported by major public and private sector investments. Fortis Healthcare is expanding its Mohali facility with an investment exceeding ₹900 crore, adding over 400 hospital beds and strengthening the city’s position as a regional centre for advanced healthcare and medical tourism. In the information technology sector, Infosys is developing a new campus in Mohali’s IT City with an investment of approximately ₹300 crore, expected to generate around 2, 500 high-skilled jobs.
In advanced electronics, the Government of India has committed ₹4, 500 crore for the modernisation and expansion of the Semi-Conductor Laboratory, alongside the expansion of Continental Device India Limited under the India Semiconductor Mission. These initiatives position Mohali as a national node for semiconductor research, development, and fabrication support. The hospitality sector is also witnessing rapid growth, with Indian Hotels Company Limited developing a 225-key Taj hotel and ITC Hotels investing ₹126 crore in a Welcome Hotel, strengthening Mohali’s capacity for business tourism, conferences, and MICE activities.