PUBLIC NOTICE INVITATION OF BIDs FROM EMPANELLED INDEPENDENT VALUERS FOR DETERMINATION OF RESERVE PRICE OF UNSOLD SITES

Overview

GMADA has invited empanelled bidders to help determine the reserve prices of various sites that have remained unsold even after being offered in two or more auctions. The purpose of the exercise is to get an independent valuation of these unsold properties so that GMADA can decide their appropriate reserve prices for future auctions.

Which Sites Are Covered?

The notice relates to various residential and other sites that have remained unsold after two or more auctions. Instead of fixing the reserve price through a single valuation, GMADA will appoint three independent valuers for each site. These valuers will assess the sites and help determine their reserve prices.

Who Has Been Invited?

GMADA has invited empanelled bidders/valuers through a double-envelope system for this work. The bidder must meet the conditions mentioned in the detailed bid document. One of the conditions stated in the notice is that the bidder should not have been barred or blacklisted by any competent authority.

How Will the Valuation Be Done?

For every eligible unsold site, GMADA will appoint three independent valuers to determine its reserve price. The list of unsold properties to be valued, along with the detailed terms and conditions, is provided in the bid document. This process is intended to give GMADA an updated and independent assessment before deciding the reserve prices for future auctions.

Where Can Bidders Get the Details?

Empanelled bidders can obtain the detailed bid document and the list of unsold properties from the Estate Officer (Plots), GMADA, at: PUDA Bhawan, Sector 62, S.A.S. Nagar (Mohali) The documents can also be downloaded from the official GMADA website.

Important Dates

Interested bidders must submit their completed bids to the office of the Estate Officer (Plots), GMADA, PUDA Bhawan, Sector 62, S.A.S. Nagar. The notice mentions 10 November 2025 at 4:00 PM as the bid submission deadline. The bids are scheduled to be opened on the same date at 4:00 PM in the presence of bidders or their authorised representatives.

Note: The scanned notice contains some unclear/OCR-affected text, so bidders should check the original bid document on the official GMADA website for the complete terms, property list and final submission details.

Geography

The notice concerns specific unsold sites within Greater Mohali, including various sectors and localities in SAS Nagar. While the precise locations are not listed in the public document, these sites are spread across multiple planned sectors that GMADA manages for residential, commercial, and industrial purposes. Greater Mohali, also known as SAS Nagar, is characterized by its well-organized planning layout, with major corridors connecting different development zones. The unsold sites referenced are part of GMADA's broader land management strategy aimed at channeling urban growth across the region's expanding landscape.

History and Development

GMADA has been instrumental in transforming Greater Mohali from largely agricultural terrain into a meticulously planned urban hub. Since its inception, GMADA has issued numerous notices concerning land allotments, road recarpeting works, and land auctions. These initiatives facilitate organized development, infrastructural enhancements, and increased land transactions. In particular, the current notice about setting reserve prices continues GMADA’s tradition of promoting a structured land market, helping to ensure that land sales are conducted at market-appropriate minimum prices. This approach supports the broader objectives of regional growth, infrastructure expansion, and revenue generation, aligning with GMADA’s strategic development plans over the years.

Significance

Setting reserve prices for unsold sites is a crucial step in accelerating land sales and advancing infrastructure development projects across Greater Mohali. Establishing fair minimum sale prices encourages quicker bids and reduces delays in land disposal, which in turn generates vital funding for roads, water supply, utilities, and urban amenities. Transparency in land valuation fosters confidence among developers, investors, and the public, facilitating a more dynamic land market. Overall, this process underpins GMADA’s broader development strategy to realize sustainable urban expansion and attract private investment into the region.

Practical Details

• Notice Date: November 03, 2025

For more information and complete details, click on “Open Original Document” to view the official source.