📅 Auction Summary & Key Highlights
- GMADA’s latest auction (June 2025) featured 72 residential and commercial plots, of which only 17 were sold (24%), generating a total of ₹136 crore in revenue
- The most notable sale was a 4.02-acre school site in Ecocity‑2, purchased by Blue Wing Education Society for ₹59 crore, slightly above the ₹57.9 crore reserve price
- Residential plot sales included:
- Two 500 sq yd plots in Sector 82 (Alpha Block‑B), each sold for ₹6.87 crore, over the reserve of ₹6.35 crore.
- A 300 sq yd plot in Ecocity‑1 (Block A) fetched ₹3.5 crore, over the ₹3 crore reserve.
- Other 500 sq yd plots fetched between ₹5.6 crore and ₹6.87 crore, depending on exact location
❌ Much Left Unsold
Despite the headline figure, a significant portion of properties remained unsold, including:
- 13 booths
- 15 SCOs (shop‑cum‑office units)
- 2 hotel sites
- 2 additional commercial plots
- Another school site
This underscores a cautious response from buyers.
📈 Market Sentiment & Expert Views
- GMADA chief administrator Vishesh Sarangal described the turnout as “satisfactory” and expressed confidence about future rounds leading to higher uptake
- However, property market experts, including Shalinder Anand (former president of Mohali Property Consultant Association), argue that:
- Realistic high reserve prices and frequent auction cycles are causing market saturation.
- Similar-sized plots may be available at lower prices in the open market, reducing auction appeal
📌 Context: Prior Auction Performance
- In April 2025, GMADA sold just 2 of 6 group-housing sites, raising ₹403.75 crore, while March 2025 saw a record ₹1,986.82 crore from 368 properties sold during larger e‑auctions
- Compared to these, the June 2025 auction’s ₹136 crore and low sell-through ratio highlight cooling demand and saturation in the property market.
🧭 Implications for Stakeholders
- Investors & Buyers: Resist bidding in over-inflated auctions; evaluate open-market alternatives, especially for mid-sized residential plots.
- GMADA Strategy: May need to revise reserve pricing or slow auction frequency to better match market demand.
- Municipal/Planning Authorities: Auction demand could inform future planning—less speculative demand, more focus on aligning with buyers’ budget expectations and realistic use cases.
🗓 Summary Table
| Detail | Stats / Insight |
|---|---|
| Total plots on auction | 72 properties |
| Plots sold | 17 (~24%) |
| Total revenue | ₹136 crore |
| Top sale | ₹59 cr for 4.02-acre school site (Ecocity‑2) |
| Other notable sales | ₹6.87 cr (500 sq yd, Sector 82), ₹3.5 cr (300 sq yd, Ecocity‑1) |
| Unsold inventory | 13 booths, 15 SCOs, 2 hotel sites, 2 commercial sites, 1 school site |
| Expert concerns | High reserve prices, frequent auctions, saturation |
| Historical context | Previous record haul in March (~₹1,986 cr), April softer with only 2/6 sites sold |
