Mohali Property Market Surges as 430-sq-yd Plot Sells for ₹8.8 Cr Ahead of Diwali
The recent GMADA e-auction in Mohali saw a 430-square-yard residential plot sell for ₹8.86 crore, reflecting a renewed investor confidence in the property market. The festive season and improved economic conditions are driving interest in premium residential and commercial plots.
Mohali Property MarketGmada AuctionResidential PlotsReal Estate InvestmentDiwaliReal Estate NewsOct 16, 2025
Among the residential plots sold, a 430 square yards site in Sector 68 went for ₹8.86 crore against a reserve price of ₹8.32 crore. In comparison, during the previous auction held in August this year, a slightly larger 500 square yards residential plot in Sector 65 was sold for ₹6.74 crore against a reserve price of ₹6 crore.
A cluster of four SCOs in Aerocity Block C brought in ₹80 crore against the reserve price of ₹65 crore. Another SCO in the same block, measuring 418 square metres, was bought for ₹25 crore compared to the reserve price of ₹16 crore. However, there were no takers for two petrol pump sites, five school sites, seven mixed-use sites, and nine hotel sites, reflecting cautious investor sentiment in those categories.
Although the total revenue of ₹1,911 crore from this auction fell short of the reserve price benchmark of nearly ₹12,000 crore, it marked a 98% jump from August’s auction, which had earned ₹961 crore from the sale of 65 of 167 properties on offer. GMADA chief administrator Vishesh Sarangal termed the response as encouraging, noting that rates for both residential and commercial properties rose by nearly 20%.
Deepak Garg, chairman of the Real Estate Sectoral Committee, Punjab, added, “Mohali is emerging as a major investment destination in the real estate sector. We are now competing with Gurugram, as investors from across the region are showing strong interest, particularly in projects along Airport Road. The increased participation and aggressive bidding highlight a renewed investor confidence in Mohali’s property market, especially for premium residential and commercial plots.”
The surge in property prices and the growing interest from investors suggest that Mohali is becoming a preferred location for both residential and commercial real estate. The festive season and improved economic conditions are contributing to this positive trend, making it an attractive market for future investments.
Frequently Asked Questions
What is GMADA?
GMADA stands for Greater Mohali Area Development Authority. It is a government body responsible for the planning and development of the Greater Mohali area, including the allocation and management of residential and commercial properties.
How much did the 430-square-yard residential plot sell for in the recent auction?
The 430-square-yard residential plot in Sector 68 sold for ₹8.86 crore against a reserve price of ₹8.32 crore.
What was the total revenue generated from the recent GMADA e-auction?
The recent GMADA e-auction generated a total revenue of ₹1,911 crore from the sale of 72 properties.
How does the revenue from this auction compare to the previous one in August?
The revenue from this auction marked a 98% jump from the previous auction in August, which had earned ₹961 crore from the sale of 65 properties.
Why is Mohali emerging as a major investment destination in the real estate sector?
Mohali is emerging as a major investment destination due to its strategic location, improved economic conditions, and strong interest from investors, particularly in projects along Airport Road. The increased participation and aggressive bidding in recent auctions highlight a renewed investor confidence in the property market.
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