Latest news with #GreaterMohaliAreaDevelopmentAuthority
New Indian Express
7 days ago
- Politics
- New Indian Express
Punjab Chief Secretary to be chairman of urban planning, development authorities
CHANDIGARH: The Punjab Chief Secretary will be the chairman of all local urban planning and development authorities in the state, the state cabinet decided yesterday. Earlier, the Chief Minister and concerned ministers headed these authorities. This decision of the government has come under fire as it has given ammunition to the opposition parties, who have termed it as reducing the Punjab Chief Minister to a 'mere puppet' at the hands of his 'bosses from Delhi'. The state cabinet yesterday met under the chairmanship of Chief Minister Bhagwant Mann and decided to appoint the Chief Secretary as the chairman of all local urban development authorities in the state such as Punjab Urban Development Authority (PUDA), Greater Mohali Area Development Authority (GMADA) and Greater Ludhiana Development Authority (GLADA), thus effectively transferring this responsibility from the Chief Minister, who traditionally headed them. The cabinet amended Section 29(3) of the Punjab Regional and Town Planning and Development (PRTPD) Act, thus empowering the Chief Secretary to head the development authorities, a move modelled after Ahmedabad Urban Development Authority in Gujarat and urban authorities of Noida, Meerut, Kanpur and Lucknow in Uttar Pradesh.
Hindustan Times
21-06-2025
- Business
- Hindustan Times
GMADA auction: School site in Ecocity-2 fetches ₹59 crore
The Greater Mohali Area Development Authority (GMADA) managed to sell only 17 out of the 72 residential and commercial properties that were up for auction. Among these, a school site in Ecocity-2, measuring 4.02 acres, fetched ₹ 59 crore against a reserve price of ₹ 57.9 crore. The highest bidder for the school site was Blue Wing Education Society. Several sites, including 3 booths, 15 SCOs (shop-cum-offices), two hotel sites, two commercial sites, and a school site, remained unsold during the GMADA auction. (Stock image) In all, GMADA was able to generate ₹ 136 crore through the auction of these 17 properties. Two residential plots, measuring 500 square yards each in Sector 82, Alpha Block-B, IT City, were sold for ₹ 6.87 crore a piece, surpassing the reserve price of ₹ 6.35 crore. Similarly, a 300-square-yard residential plot in Block-A of Ecocity-1, fetched ₹ 3.5 crore against the reserve price of ₹ 3 crore. Residential plots, measuring 500 square yards, went for prices ranging from ₹ 5.6 crore to ₹ 6.87 crore, depending on their location within IT City and Ecocity-1. However, several sites remained unsold. These included 13 booths, 15 SCOs (shop-cum-offices), two hotel sites, two commercial sites, and a school site. GMADA chief administrator Vishesh Sarangal said, 'The auction received a good response, and we are hopeful of selling the remaining sites in the next round.' Shalinder Anand, former president of the Mohali property consultant association, attributed the tepid response to high reserve prices and market saturation. 'The reserve prices are steep, and auctions are being held almost every month. There simply aren't enough buyers. Also, similar plots are available at lower prices in the open market,' he said. In the April auction earlier this year, GMADA managed to sell only two group housing sites (totaling 12.23 acres) out of six offered (48.72 acres), generating ₹ 403.75 crore in revenue. The reserve price for the six sites was set at ₹ 1,214.52 crore. In contrast, GMADA earned record revenues in previous auctions. During the e-auction held from March 12 to 22, it collected ₹ 1,986.82 crore from the sale of 368 properties. Similarly, a Diwali auction last year fetched ₹ 1,893.80 crore from the sale of 345 properties.
Time of India
20-06-2025
- Business
- Time of India
Gmada auctions 24% of plots on offer, school site fetches Rs 59cr
1 2 Mohali: The Greater Mohali Area Development Authority (Gmada) earned over Rs 136 crore from its latest property auction, which concluded on Thursday evening. However, the response remained lukewarm with only 17 out of 72 residential and commercial sites sold — just 24% of the total properties on offer. The highlight of the auction was the sale of a 4.02-acre school site in Ecocity-2 that fetched Rs 59 crore, slightly above its reserve price of Rs 57.9 crore. The plot was acquired by Blue Wing Education Society, marking one of the highest single-property bids in the auction. Among residential properties, two 500-square-yard plots in Sector 82, Alpha Block-B, IT City, sold for Rs 6.87 crore each, above their reserve price of Rs 6.35 crore. A 300-square-yard plot in Block-A of Ecocity-1 also fetched Rs 3.5 crore, compared to its reserve price of Rs 3 crore. Other 500-square-yard plots sold ranged between Rs 5.6 crore and Rs 6.87 crore, depending on location. However, a large number of properties remained unsold, including 13 booths, 15 shop-cum-offices (SCOs), two hotel sites, two commercial sites, and another school site. Gmada chief administrator Vishesh Sarangal termed the auction response "satisfactory" and expressed hope of selling the remaining properties in future rounds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo "We are optimistic that subsequent auctions will see better uptake," he said. Meanwhile, property experts believe otherwise. "The high reserve prices and frequent auctions are causing saturation. Similar properties are available for less in the open market," said Shalinder Anand, former president of the Mohali Property Consultant Association. Notably, in April, Gmada sold only two of six group housing sites, while in March it had earned a record Rs 1,986.82 crore through e-auctions. MSID:: 121978383 413 |
Hindustan Times
17-06-2025
- Hindustan Times
Mohali: Do away with black spots, DC tells officials
Deputy commissioner Komal Mittal on Sunday directed the officials concerned to take immediate and concrete measures to eliminate accident-prone black spots across the district to prevent road mishaps and ensure smooth traffic flow. Chairing a meeting of the District Road Safety Committee, she instructed officials of the Greater Mohali Area Development Authority (GMADA), municipal corporation and local councils besides PWD and NHAI to prioritise doing away with the black spots and submit action-taken reports before the next meeting. Calling for stringent action against traffic violators, the deputy commissioner (DC) directed the police, the regional transport officer (RTO) and the district child protection officer to conduct regular checks. Special focus was laid on ensuring that school buses strictly comply with the Safe School Vahan Policy. RTO Rajpal Singh Sekhon informed the committee that during April and May, 1,352 challans, amounting to ₹59.87 lakh, were issued. Mittal further emphasised timely uploading of accident details on the E-DAR (Electronic Detailed Accident Report) portal that facilitates faster compensation disbursal through centralised accident reporting, geotagging and data sharing. The police and the hospitals were asked to update the portal promptly to help the Union ministry of road transport and highways effectively identify and address high-risk zones. Appealing to residents to assist road accident victims without the fear of legalities, the DC reiterated that Good Samaritans are legally protected and eligible for rewards and recognition. The sub-divisional magistrates (SDMs) were directed to expedite pending compensation claims related to hit-and-run cases. As per the scheme, victims' families are entitled to ₹2 lakh in case of a fatality and ₹50,000 for grievous injuries.
Hindustan Times
17-06-2025
- Business
- Hindustan Times
GMADA planning big for Mohali's growth while forgetting Ecocity-2
Amid its ambitious preparations to acquire around 2,600 acres of land in Mohali for residential, commercial, industrial and institutional development, the Greater Mohali Area Development Authority (GMADA) has failed to launch the Ecocity-2 (extension) scheme in New Chandigarh's Hoshiarpur village even 12 years after land acquisition. In 2013, GMADA had acquired 96 acres and issued letters of intent (LoIs) to the allottees the same year, but it is yet to begin development work. Over the past decade, residential and commercial plots have been carved out, but the project remains stalled, leaving the allottees in limbo. GMADA had paid compensation to landowners who opted for monetary settlement, but those who chose to receive plots under the land pooling scheme through this project wait in uncertainty. Avtar Singh, a landowner, said, 'It has been 12 years. As many as 106 residential plots and 66 commercial ones have been carved out, but the scheme is yet to materialise. No development activity has taken place.' 'GMADA took high-interest loans from banks to pay compensation to the farmers, but the amounts the latter received were meagre. The authority has been paying heavy interest on these loans, but there has been no effort to develop or launch the scheme and recover the amount by selling the plots,' he said. Echoing similar concerns, another landowner, Satvir Singh, said, 'In 2013, we were forced to hand over our fertile chunks of land which were our only source of income. Now, we feel betrayed. GMADA has issued only letters of intent under the land pooling scheme, but no allotment has been made.' According to Satvir, 'Without this (allotment), we cannot develop our plots to build houses or open showrooms. Our livelihoods and our kid's future are at stake.' 'The authorities are planning to initiate new schemes but what about the one which awaits completion for a decade?' he asked. When contacted, GMADA chief administrator Vishesh Sarangal said, 'We floated tenders to carry out development works recently. We require approval from the competent authority. Once we receive the same, the work on the project will begin.' In its executive meeting on June 6, GMADA had decided to acquire 2,600 acres across multiple sectors in Mohali. According to the decision, 236 acres will be acquired in Sector 87 for commercial use, 313 acres in Sector 84 for institutional purposes, 321 acres across Sectors 101 to 103 for industrial development and a substantial 1,800 acres in Sectors 120 to 125 along the PR-7 road for residential development. The land acquisition process is slated to begin next month.
