GMADA's seven-year-old plot rates under ED scrutiny over alleged Rs 400 crore revenue loss

Chandigarh, Oct 24 (UNI) The allotment of hundreds of residential plots by Punjab's Greater Mohali Area Development Authority (GMADA) at rates fixed years earlier has come under scrutiny, with an Enforcement Directorate (ED) investigation raising questions over an alleged revenue loss exceeding Rs 400 crore to the state government. The controversy centres on the allotment of 441 plots between 2019 and 2026 under a policy intended to compensate landowners whose properties were acquired for development projects. The plots were reportedly allotted at Rs 25,000 per square yard, even as rates for 2025-26 had risen to Rs 65,000 per square yard,…