GMADA's bold move raises property base rates by ₹5,000 to ₹15,000 per square yard for 2025-26, boosting valuations and registration fees in Mohali. Critics slam it as revenue grab over welfare, hitting buyer affordability amid signals of robust market growth and higher costs for plots in key sectors.
Mohali's district administration raised collector rates for residential properties by 20-32%, with peaks up to 67% in areas like Gillco Park Hills. Effective October 23, 2025, this hike boosts stamp duties, raising costs for buyers in GMADA sectors, JLPL, and more. Industrial rates up 30%; commercial unchanged. Transactions now hinge on higher valuations, reshaping the local real estate market.