Homeland Group, VRC acquire prime Mohali land parcels for major mixed-use developments
Mar 19, 2026
Mohali (Punjab) [India], March 19: 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, in collaboration with VRC -- one of India's most reputed construction companies -- generating around ₹400 crore for the Greater Mohali Area Development Authority (GMADA).
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