GMADA's 48 acres of reclassified EWS land goes under hammer

The Greater Mohali Area Development Authority (GMADA) has started an e-auction of 48.72 acres of land which was earlier meant for Economically weaker sections (EWS) but now has been converted to residential group housing sites in Mohali.

- Nikhil Sharma

MOHALI:

Notably, the Punjab Government in February had approved the policy to sell the scattered chunks of EWS land in different housing societies through e-auctions across the state. The government will further acquire a total 1,500 acres across the state to build the EWS accommodations to benefit the poor.

The e-auction for six group housing sites, which started on April 13, will continue till 12 noon on April 22.

GMADA will sell these sites with a total reserve price of ₹1,214.52 crores and is expecting to fetch up to ₹2,000 crores in case of a successful auction.