Homeland Group, VRC acquire prime Mohali land parcels for major mixed-use developments
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).Further strengthening its presence in the region, Homeland Group, again in collaboration with VRC, 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 witne...