GMADA Earns ₹1911 Crore by Selling 72 SCO Sites in Mohali | 500 Sq Yard SCO Fetches ₹25.28 Crore
Published by News Desk – Garah Pravesh | Updated October 2025
📰 NEWS UPDATE: GMADA’s Record-Breaking SCO Auction in Mohali
The Greater Mohali Area Development Authority (GMADA) has once again created a record by generating ₹1911 crore through the successful auction of 72 premium SCO (Shop-Cum-Office) sites. The highlight of this mega event was a 500-square-yard SCO site that fetched ₹25.28 crore, marking one of the highest commercial land deals in the Tricity region this year.
This Diwali season, the real estate sector in Mohali and Chandigarh is witnessing a renewed boom — and GMADA’s latest SCO auction stands as a clear indicator of rising investor confidence in Punjab’s commercial property market.
📊 Auction Overview: 72 SCO Sites Sold, ₹1911 Crore Earned
According to the official data released by GMADA, a total of 72 sites were successfully auctioned during this latest e-auction round.
These included commercial plots in Aerocity, IT City, and Sector 83-86, among other key localities near Chandigarh International Airport.
| Details | Statistics |
|---|---|
| Total SCO Sites Auctioned | 72 |
| Total Revenue Generated | ₹1911 Crore |
| Highest Bid SCO Size | 500 Sq. Yards |
| Highest Bid Amount | ₹25.28 Crore |
| Auction Mode | e-Auction |
| Locations Covered | Aerocity, IT City, Sector 83–86, Sector 118–125 Mohali |
The premium commercial plots located close to the airport and IT City attracted massive investor interest, especially from Delhi-NCR, Mumbai, Bengaluru, and NRI investors exploring North India’s fast-growing real estate destinations.
💸 Why GMADA SCO Auctions Attract Pan-India Investors
1. Strategic Location Advantage
Mohali’s proximity to Chandigarh, Panchkula, and Zirakpur, along with its connectivity via NH-5 and the International Airport, makes it a hotspot for commercial investments. Investors see SCOs here as long-term high-yield assets.
2. High Capital Appreciation
Over the last three years, property values in Aerocity and IT City have risen by more than 35–40%, with prime SCOs showing exceptional appreciation due to business demand and infrastructural growth.
3. Excellent ROI Potential
SCOs (Shop-Cum-Office sites) are dual-purpose commercial properties — allowing both retail and office operations, making them ideal for leasing to branded outlets, cafes, banks, and corporate offices.
4. Transparency and Trust
GMADA’s e-auction process ensures 100% transparency, making it one of the most trusted investment gateways for both Indian and NRI buyers.
📍 Top Locations Sold in the Latest Auction
1. Aerocity Mohali
Aerocity continued to lead with premium SCOs selling at record rates, thanks to its connectivity to Airport Road and the growing presence of IT hubs, showrooms, and business parks.
2. IT City Mohali
Plots near Infosys and TATA Advanced Systems drew massive investor attention, with rates going beyond ₹1.5 lakh per sq. yard in some pockets.
3. Sector 83–86 Mohali
These emerging sectors saw competitive bidding due to their proximity to the international airport and high-end residential clusters.
4. Sector 118–125 Kharar-Mohali Belt
The outer sectors saw steady demand from regional investors, especially small business owners and builders looking for affordable SCO options.
🏗️ Highlights of the Auction Performance
| Locality | Sites Sold | Total Value (₹ Crore) | Average Rate (₹/Sq.Yd) |
|---|---|---|---|
| Aerocity | 18 | 846 | 1,88,600 |
| IT City | 16 | 530 | 1,78,000 |
| Sector 83–86 | 22 | 385 | 1,42,000 |
| Sector 118–125 | 16 | 150 | 1,00,000 |
The 500 sq. yard SCO sold for ₹25.28 crore marks the highest price ever recorded in GMADA’s commercial property auction history.
🏢 Market Reaction and Expert Insights
Real estate experts say the auction results reaffirm the strength of Mohali’s commercial property market, especially in the post-pandemic economic recovery phase. The demand is not just regional — investors from Delhi NCR, Gujarat, Bengaluru, and even Dubai-based NRIs have actively participated in these auctions.
“Mohali is evolving as North India’s next big commercial hub after Gurugram and Noida. SCO investments here are yielding excellent rental income potential with long-term appreciation,” says a Chandigarh-based property consultant.
📈 Future Outlook: Next GMADA Auction Expected Soon
After witnessing record-breaking success, GMADA is expected to announce its next round of SCO and residential plot auctions in the coming quarter.
Real estate analysts predict that demand will continue to surge, especially for airport-facing commercial plots.
Interested investors can expect new listings across Aerocity Extension, IT City Phase-2, and Sector 88–89 Mohali, which are being developed under GMADA’s smart city roadmap.
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Looking to invest in GMADA-approved SCO sites or commercial properties in Mohali, Zirakpur, or Chandigarh?
💬 Talk to our experts today at [📞 7087949434]
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❓ FAQs About GMADA SCO Auction and Commercial Investment in Mohali
Q1. What is an SCO site?
An SCO (Shop-Cum-Office) is a mixed-use commercial plot allowing both retail and office use — ideal for showrooms, banks, and corporate offices.
Q2. Why is Mohali a top investment choice for SCO buyers?
Mohali’s infrastructure, airport connectivity, and proximity to Chandigarh make it one of India’s most promising business locations. Capital appreciation in premium sectors like Aerocity and IT City has been exceptional.
Q3. What was the highest bid in GMADA’s recent auction?
The highest bid was ₹25.28 crore for a 500-square-yard SCO site, marking a new record in GMADA’s commercial auction history.
Q4. How can I participate in the next GMADA e-auction?
You can register via GMADA’s official portal, complete KYC verification, and participate in upcoming e-auctions. Garah Pravesh can assist you throughout the process.
Q5. Are GMADA SCO sites safe for long-term investment?
Yes, GMADA properties come with full legal clarity, infrastructure readiness, and strong demand, ensuring both safety and profitability.
🏁 Conclusion: Mohali’s Property Market is Booming
With GMADA’s latest SCO auction bringing in ₹1911 crore, it’s clear that Punjab’s commercial property market is on a strong upward trajectory.
For those seeking safe, high-return investments in North India, Mohali stands out as a golden opportunity.
👉 Call 7087949434 now to explore the best SCO, showroom, and investment options with Garah Pravesh — your trusted partner for transparent real estate deals.
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