CHANDIGARH , Jan 17— The Greater Mohali Area Development Authority (GMADA) has officially shifted its urban strategy by putting a 30-acre prime land parcel in New Chandigarh up for e-auction with a reserve price of Rs 1,311.18 crore. The site, situated adjacent to Eco City-1, was originally designated for a truck terminal but has been re-planned as a Mixed Land Use (MLU) project to invite private sector investment.
The decision to abandon the truck terminal was driven by concerns over the rapid residential growth in the vicinity. Officials noted that a terminal would have triggered heavy vehicle influx, worsening traffic congestion and environmental pollution in the developing township. By converting the site to MLU, GMADA aims to allow a flexible blend of residential, commercial, and office spaces.
“Keeping this in mind, GMADA opted for a more balanced and well-planned development model,” a senior official said. The officer mentioned that this 30-acre development will be a cornerstone in strengthening New Chandigarh’s identity as a modern and eco-friendly urban hub.
Urban planners have endorsed the move, stating that aligning large-scale infrastructure with the existing residential landscape is essential for long-term sustainable growth. The e-auction is expected to draw significant interest from major developers looking to capitalize on the strategic value of the New Chandigarh corridor.
