GMADA E-Auction Streamlines Real Estate Transactions – Bid, Win, Acquire

Are you considering investing in property in Mohali? Keen to explore diverse options? Well, the Greater Mohali Area Development Authority (GMADA) is bringing an exciting opportunity in the real estate market with its e-auction of 49 properties in various sectors of Mohali. Now, from the comfort of your home, you can participate and bid for the property of your dreams.

The e-auction kicked off on the 15th of October at 9 AM and will run up to 1 PM on October 30th. The timing is perfect, with the festive season, specifically Navratras, making it an auspicious time to invest in a property. Never participated in an e-auction before? Don’t worry. We’re here to explain how it works, what’s on offer, and how you can get involved.

Some facts to know about Mohali’s growth

⮞ Mohali’s economy grew 11.8% in 2021-22, faster than India’s 8.7%.

⮞ Mohali’s real estate market is expected to grow 10% each year for the next five years.

⮞ Property prices in Mohali went up by 20% last year.

⮞ Almost all office spaces in Mohali are occupied (90% occupancy rate).

⮞ A Range of Properties to Choose From.

⮞ Among GMADA’s portfolio are an impressive array of properties.

⮞ The line-up includes group housing, commercial plots, schools, and other properties such as SCOs, SCFs, and booths.

⮞ This isn’t just a chance to invest in real estate; it’s an opportunity to acquire diverse property types and make them yours.

Why restrict to traditional residential properties explore a broad spectrum of opportunities ?

Location, Location, Location

1. All properties are situated in already-developed sectors and urban estates within GMADA’s jurisdiction.
2. No speculative bets, no waiting for construction to complete, and no uncertainty about utilities and other infrastructure.
3. You’re bidding for developed properties in well-planned and established neighborhoods.

Flexible and Hassle-Free Payments

1. Successful bidders can secure their allotment by paying just 10% of the final bid price.
2. More interesting is the fact that ownership is transferred to the winning bidders after a 25% deposit of the bidding amount.
3. This convenient payment structure makes property acquisition more feasible and less straining on your finances.

How to Participate?

• To participate in this e-auction, you will first need to register on the e-auction portal puda.e-auctions.in.
• You’ll find all the detailed information about the properties, including location, size, and payment schedule, available on the portal.
• Whether you need a step-by-step guide on how to register, bid online, or simply want to understand how to participate in the e-auction, all of this information is available to you under the portal’s “How to” tab.
• You’ll also find a dedicated email helpdesk at helpdesk@gmada.gov.in for any queries or assistance required.

A Golden Opportunity

This e-auction by GMADA is a fantastic opportunity for people looking to purchase real estate in Mohali. The wide range of property options, coupled with the flexible payment structure, makes the process more accessible and affordable for interested bidders. Please heed the dates and take your first steps towards acquiring a fantastic property right from the comfort of your living room.