In a significant outcome of the recent GMADA e-auction, one of the most expensive mixed land-use sites was sold at nearly ₹70 crore per acre, marking the highest bids recorded so far for mixed land-use development in a GMADA auction. The 5.5-acre prime parcel, located opposite YPS School on the Chandigarh border, was acquired by Homeland Group, generating around ₹400 crore for the Greater Mohali Area Development Authority (GMADA).

Further strengthening its presence in the region, Homeland Group, in collaboration with VRC - one of India’s most reputed construction companies - also acquired another prime 13-acre mixed land-use parcel in Sector 62, located in the heart of Mohali, in the same auction. This parcel too witnessed record-breaking interest and was acquired at about ₹47 crore per acre, with the total amount exceeding ₹600 crore, making it among the highest bids for such developments in GMADA’s history.