430-sq-yd Mohali Plot Goes for a Glittering ₹8.8 Crore Ahead of Diwali

As the festive season ushers in a wave of optimism, the Mohali real estate market has delivered a record-breaking sale a 430-sq-yd Mohali plot in Sector 68 has fetched an impressive ₹8.86 crore during the latest e-auction conducted by the Greater Mohali Area Development Authority (GMADA). The timing, just ahead of Diwali, underscores how investor sentiment and festive fervour continue to fuel property demand in the Tricity region.

Diwali Boost for Mohali Real Estate

Mohali has been witnessing a steady rise in property transactions throughout 2025, but this auction result adds a celebratory sparkle to the city’s performance. The 430-sq-yd Mohali plot achieved nearly ₹54 lakh above its reserve price of ₹8.32 crore a sign of buyer confidence and sustained demand for well-located residential parcels.

The e-auction attracted investors from across Punjab, Chandigarh, and Haryana, highlighting the region’s growing prominence as a prime investment destination. GMADA’s transparent online bidding model continues to draw attention for its accessibility and investor-friendly approach.

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GMADA Auction Overview: Strong Turnout and Revenue Jump

In its latest e-auction, GMADA offered 165 properties, including 126 Shop-Cum-Offices (SCOs) and 15 residential plots. Of these, 72 properties were successfully sold, generating ₹1,911 crore in total revenue.

Although the total earnings fell short of the cumulative reserve price benchmark of nearly ₹12,000 crore, the result still represents a 98% increase over the previous auction in August, which had fetched ₹961 crore. This strong rebound reflects a clear revival in market participation and improved investor appetite for both commercial and residential assets.

Highlight Sale: 430-sq-yd Mohali Plot in Sector 68

The standout of the auction was undoubtedly the 430-sq-yd Mohali plot located in Sector 68, which secured a final bid of ₹8.86 crore. This premium transaction signals an upward shift in valuations within the city’s established sectors.

For perspective, in the August 2025 auction, a slightly larger 500-sq-yd plot in Sector 65 was sold for ₹6.74 crore. The comparison highlights a steep rise in per-square-yard pricing, reinforcing the strong momentum in Mohali’s residential property segment.

The sale further validates that well-planned, centrally located sectors near major roads and amenities continue to command top-tier prices, especially among affluent homebuyers seeking long-term investments.

Commercial Plots Shine: SCOs Drive High Returns

While residential plots garnered notable bids, commercial SCO sites remained the biggest revenue contributors for GMADA.
Among the key highlights:

• A cluster of four SCOs in Aerocity Block C collectively fetched ₹80 crore against a reserve price of ₹65 crore.
• Another 418 sq. m. SCO site in the same block was bought for ₹25 crore, significantly above its ₹16 crore base price.

These transactions underscore the rising appeal of commercial plots in Mohali, particularly around Aerocity and Airport Road, where expanding connectivity, corporate offices, and retail demand are driving rapid growth. Investors view these sites as high-yield assets with strong long-term capital appreciation potential.

Muted Response in Institutional Sites

However, not all categories saw enthusiasm. GMADA’s auction data revealed that petrol pump sites, school plots, hotel plots, and mixed-use sites failed to attract bidders.
Experts attribute this to high reserve prices and longer investment horizons, which deter short-term investors. Institutional land parcels generally require substantial capital commitment and clear development plans, leading to cautious sentiment in this segment.

Property Rates Up by 20%: Market Response Remains Positive

GMADA’s Chief Administrator, Vishesh Sarangal, termed the auction outcome “encouraging,” adding that property rates across both residential and commercial segments rose by nearly 20%.
He emphasized that investor participation has improved notably since early 2025, supported by favourable market conditions and strong infrastructure development across Mohali.

The robust response also reflects increasing confidence among buyers, many of whom view Mohali as a stable, high-growth alternative to Chandigarh and Panchkula. The city’s structured planning, connectivity, and proximity to economic hubs have played a crucial role in sustaining real estate momentum.

Expert Insights: Mohali Competing with Gurugram

According to Deepak Garg, Chairman of the Real Estate Sectoral Committee, Punjab, “Mohali is emerging as a major investment hub, now competing directly with Gurugram. The increased participation and aggressive bidding reflect a renewed investor confidence in the city’s property market.”

Experts believe that Mohali’s evolution from a satellite township to a self-sustained investment corridor has been driven by rapid infrastructure development particularly the expansion of Airport Road, Aerocity, and the IT City region. These micro-markets are witnessing escalating land demand for both residential and commercial use, positioning Mohali firmly among northern India’s most promising real estate destinations.

Comparing the Current and Previous GMADA Auctions

When compared to GMADA’s August auction, the October event presents a striking contrast:

• August 2025 Auction: 65 out of 167 properties sold, earning ₹961 crore.
• October 2025 Auction: 72 out of 165 properties sold, earning ₹1,911 crore a 98% jump.

This significant increase demonstrates renewed confidence in the Mohali plot market and a healthy return of investor interest. Sectors along Airport Road, IT City, and central Mohali continue to command premium pricing due to accessibility and infrastructure development.

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Investment Takeaways: Rising Demand and Steady Appreciation

For investors, Mohali’s commercial real estate especially SCO sites remains a lucrative segment, offering both rental income and capital gains.
For homebuyers, the steady rise in residential plot prices signals a strong appreciation trend, making now an opportune time to invest in the market.

With new infrastructure projects, proximity to Chandigarh International Airport, and sustained government-driven urban development, the Mohali plot market is expected to retain its upward trajectory well into 2026.

Conclusion

The record-breaking ₹8.8 crore sale of a 430-sq-yd Mohali plot marks a new chapter in the city’s real estate growth story. As investor participation deepens and infrastructure expands, Mohali continues to establish itself as one of North India’s most dynamic property markets.

With festive optimism, robust economic fundamentals, and a well-balanced demand across residential and commercial assets, the city’s real estate sector appears poised for continued growth and sustained investor confidence heading into the new year.