Mohali, March 2 -- The Greater Mohali Area Development Authority (GMADA) has extended the last date of its ongoing e-auction of 42 prime properties to March 6, citing a subdued response to the Rs.5,432-crore offering.

The authority had launched the auction after reducing the reserve prices of several high-value plots that had failed to attract buyers in previous rounds.

The e-auction was first to close on February 11, but officials said the time period was extended to March 6 to elicit better response.

Online bids can be placed on https://puda.enivida.com/.

Also, the extension was granted in view of queries received on the Invest Mohali portal and the limited working days due to the Holi festival, with the aim of ensuring wider partic...