Bhopal's district administration proposes an 18% average increase in collector guideline rates for 1,283 locations, sparking opposition from real estate stakeholders who warn of housing affordability issues and economic repercussions. Deadline for objections extends, with CREDAI and public representatives urging a revision.
Chandigarh's real estate association condemns proposed collector rate hikes, citing threats to affordability and stalled market growth due to existing registration bans.
The Chandigarh Administration's significant hike in collector rates, effective April 1, 2025, impacts various property types, leading to widespread criticism from traders and property dealers.
Bhopal property prices to surge by 5-250% in 230 areas starting April 2025. Proposed rate hikes by district officials mark a second increase in one year, challenging home buyers and reshaping local real estate dynamics.