Punjab government's sharp increase in CLU and EDC charges is hitting Zirakpur hardest, raising developer costs for converting agricultural land to residential projects. With limited inventory and surging demand, this fuels rapid property price growth in the emerging real estate hub, outpacing other Tricity areas.
Credai Maharashtra highlights concerns of a 22% sales dip in real estate, attributing it to inflation, high interest rates, and regulatory delays, while affirming Pune's relative stability.