Mohali, March 24 -- The Greater Mohali Area Development Authority (GMADA) for the second time could not sell a chunk of prime land near YPS Chowk, which has been blocked by the Qaumi Insaaf Morcha since January 7, 2023. The GMADA earned a staggering Rs.1,986.82 crore in revenue from the sale of 368 properties during an e-auction held from March 12 to 22.

According to sources, the developing authority did not get any bidder for the 6.30-acre commercial site in Sector 62, which has been encroached upon by the said protesters who have installed tents there.

While the participation fees for the said land was Rs.5 crore, the reserve price for the same was Rs.384.48 crore. Notably, during an auction in September last year, a 6.64-acre site in...