This post is taken from Hindustan Times (source).
The Greater Mohali Area Development Authority (GMADA) finally found buyers for nearly 20% of its properties, both commercial and institutional sites, in a 13-day e-auction.
A five-acre commercial site went for ₹176 crore against the reserve price of ₹173 crore. A five-acre group housing society in Sector 88 went for ₹132.3 crore against the reserve price of ₹92.44 crore. Two institutional sites (educational) of two acres each in Sector 88 were bought by a single party for ₹37.81 crore against the reserve price of ₹34.75 crore.
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