SPSethi PropertiesUnit of SSP Realty Group
City/Mohali property tax: the 10% rebate has closed—The rebate has closed. The bill is not a flat price.NRI/NRI investment in Mohali: why people look, and where they are calling from—The countries get named. Nobody has counted the flats.GMADA/A Mohali court has asked GMADA’s collector why compensation was not deposited—A 2018 award is in court. It is not this week’s plot price.RERA/Punjab RERA put 11 percent interest on a delayed Sector 120 floor—Eleven percent on one floor. Not a discount on the next booking.GMADA/IT City’s enhancement charge was put at ₹7,845 a square yard—₹7,845 a yard was the explanation. A waiver has not been printed.Rates/Mohali property rates, as the two portals printed them in October 2026—Two portals, one month. Do not pick the prettier average.Locations/Sector 82 or Sector 88: IT City desk versus the flat cluster—The cheaper average is not the cheaper afternoon.Locations/New Chandigarh or Zirakpur: a township or a junction—A township phase is not a PR-7 junction.

GMADA · 22 Aug 2026 · 7 min

₹1,742 crore was one parcel. It is not your plot.

Sector 62’s 27 acres finally cleared, at ₹1,742 crore

For anyone searching property in Mohali, flats in Phase 8 Mohali, plots in Phase 8 Mohali.

The mixed-use parcel that found no bidder in March sold in the early hours of 21 August. The round as a whole was ₹5,391 crore.

The Tribune, filing on 21 August 2026, reported that GMADA’s 27.78-acre mixed-use plot in Sector 62 sold for ₹1,742.31 crore against a reserve of ₹1,214.16 crore. Hindustan Times the next morning put the whole result at ₹5,391 crore from 27 properties, ₹1,518 crore over a combined reserve of about ₹3,872 crore. In March the same flagship parcel had sat unwanted near a ₹1,213.72 crore reserve. The July list put it back with a marginally restated floor.

The rest of the night is more useful to a retail buyer than the flagship. Seven SCOs in Sector 69, about 101 sq m, were reported between ₹7.6 and ₹7.7 crore against ₹3.03 crore. A corner SCO in Sector 53 made ₹6.02 crore against ₹2.97 crore. Plot 82 in Sector 64 made ₹8.02 crore, the high of its category. Hindustan Times counted 254 bids on a Sector 69 corner that finished near ₹9 crore against about ₹3 crore.

Phase 8 is Sector 62. If you live there, this auction is about a huge mixed-use parcel and the traffic it will eventually create. It is not a revaluation of your house by ₹1,742 crore. If you are shopping an SCO, Sector 69 is the comparable people will throw at you for the next year. Make them show size, floor and frontage before they borrow that number.

Phase 8Sector 69Phase 10Aerocity Block A

₹1,742 crore was one parcel. It is not your plot.

For anyone searching property in Mohali, flats in Phase 8 Mohali, plots in Phase 8 Mohali.

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