Mohali, Oct. 16 -- Eight aspiring homeowners secured residential plots to ring in the auspicious Diwali season, as property rates in Mohali witnessed a festive surge during the latest GMADA e-auction.

The Greater Mohali Area Development Authority (GMADA) had offered 165 properties, including 126 SCOs (shop-cum-offices) and 15 residential plots.

As the auction concluded on Wednesday, the authority managed to sell 63 SCOs, eight residential plots and one booth, raking in an impressive Rs.1,911 crore from 72 properties in all.

Among the residential plots sold, a 430 square yards site in Sector 68 went for Rs.8.86 crore against a reserve price of Rs.8.32 crore.

In comparison, during the previous auction held in August this year, a slightl...