
GMADA ₹6400 Crore Fund Case 2026: High Court Questions Dedicated Fund, ₹15,000 Cr Borrowing & Aerotropolis Buyer Impact
The Punjab & Haryana High Court has asked Punjab to explain the accounting treatment of ₹6,400 crore deposited by GMADA with the State Treasury under the land-acquisition framework. Punjab’s Accountant-General says the amount should have remained a dedicated fund linked to Section 10(3) of the RFCTLARR Act, while the State says its treatment was lawful and points to ₹94,443 crore of food-security expenditure. The same proceedings also raise questions about GMADA’s Aerotropolis borrowing and the proposed ₹15,000-crore financing programme. This PropKeyz guide separates confirmed facts, State defence, PIL allegations, Aerotropolis implications and what Greater Mohali buyers and landowners should actually watch.










