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.
Despite 10-25% drop in property prices since 2008 and lower bank rates, homes remain unaffordable for India's growing middle class.