Mohali, July 23 -- The Greater Mohali Area Development Authority (GMADA) has commenced the e-auction of 36 commercial and mixed land use (MLU) properties, with Aerocity, IT City and Sector 62 remaining the primary focus.

The 27.78-acre MLU site in Sector 62, which remained unsold in the previous e-auction, has once again been put up for bidding. With a reserve price of Rs.1,214.16 crore, it is the most expensive property in the current auction. The e-auction will remain open until August 19.

GMADA has put up 11 major MLU sites for auction this time. These include an 18.19-acre site in Sector 83 Alpha with a reserve price of Rs.744.82 crore, a 14.10-acre site in Aerocity Block H priced at Rs.523.82 crore, and a 9.01-acre site in Sector 6...