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.
Punjab raises External Development Charges (EDC) by up to 100% for new projects starting April 2025. The move targets booming areas like Mohali, Jalandhar, and Ludhiana to boost state revenue amid a real estate surge.