GMADA scraps mixed-use plan for Sector 87, opting for pure commercial development modeled on Chandigarh's iconic Sector 17, acquiring 236 acres across three villages.
GMADA launches Eco City-2 extension in New Chandigarh after 12-year delay, featuring 153 residential plots across 96 acres in Hoshiarpur village.
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.
Punjab’s abrupt doubling of development charges and CLU fees aims to boost state revenue while addressing infrastructure demands in Zirakpur’s surging real estate market. Developers now face higher costs for approvals, raising concerns about price hikes for homebuyers. New policies include increased allowances for farmers and revised tax structures to fuel urban development.