Mohali, Aug. 19 -- In a mixed trend for Mohali's property market, GMADA's latest e-auction witnessed a marginal dip of around 2% in residential property rates compared to the last auction in June this year, even as the authority managed to sell more sites.

The Greater Mohali Area Development Authority (GMADA) had put up for sale 167 properties, including 20 residential, 99 commercial and several institutional properties.

As the auction concluded on Monday, 65 sites found takers, generating a staggering Rs.961 crore for GMADA. Though this fell short of the reserve benchmark of nearly Rs.11,000 crore, it marked a massive improvement from June's auction, which had brought in just Rs.136 crore from the sale of 17 properties.

However, resid...