Punjab Cabinet approves Unified Building Rules 2025, allowing stilt-plus-four-floor construction on plots over 250 sq yds in new urban areas. This boosts vertical growth in Mohali, Zirakpur, impacting Tricity property values, housing supply, and development in Chandigarh's periphery despite its Union Territory status. Key reforms ease approvals and optimize land use.
Mohali's real estate market experiences 9.9% YoY price surge, reaching ₹7,239/sqft. Prime sectors 79 & 85 deliver 80% appreciation since 2022, driven by infrastructure upgrades and IT sector expansion.
Zirakpur's luxury real estate market booms with 30% Q1 sales growth, fueled by HNWIs and infrastructure upgrades like Metro Phase 1. Premium projects like Highland Park Luxuria drive demand for resort-style villas and eco-friendly developments.