Chandigarh, Jan. 15 -- 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 Rs.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 included residential plots, SCOs, mixed land-use sites, and land earmarked for hospitals and hotels.

The minister said by doing so the state government's strategy is to rationalise 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,...