Punjab's doubling of real estate development charges under new regulations dashes profit margins for builders and homebuyers in Ludhiana, Mohali, and Zirakpur amid urban expansion. Effective April 2025, the 50-120% increases impact residential, group housing, and commercial projects, escalating costs during real estate boom.
The Dubai Real Estate Expo at Hyatt Regency Ludhiana on August 1, 2025, connects Punjabi investors with premium UAE projects like DAMAC Hills and Lagoons, offering high returns through strategic international investments, developer networking, and tailored financial solutions.
Oswal Group's Vardhman Amrante acquired prime 7-acre land in Ludhiana's South City Canal Road for a mixed-use project integrating upscale commercial spaces, hospitality, entertainment, and retail hubs, aiming to redefine Punjab's urban landscape.
The Tribune recently hosted a two-day mega real estate expo in Ludhiana, featuring over 20 top developers and inaugurated by MP Sanjeev Arora, highlighting vibrant residential and commercial opportunities.
Omaxe introduces a 36-acre premium residential complex in Ludhiana, offering 3 & 4 BHK luxury apartments and independent villas with world-class amenities and smart infrastructure.
Punjab's plan to acquire 25,000 acres near Ludhiana for urban development sparks protests from farmers and political groups over agricultural loss risks and transparency concerns in environmental assessments.
Nexus Select Trust has approved the acquisition of MBD Neopolis mall and Radisson Blu Hotel in Ludhiana for ₹490 crore, set to complete within four months, expanding its retail portfolio in Punjab.
Real estate developers are aggressively acquiring land in India, particularly in major cities, driven by high housing demand. This trend is expected to continue in 2024, with Tier-1 and developing areas remaining hotspots.
Omaxe Ltd reports strong sales growth for the first half of the fiscal year, with a 26% increase in property sales. The firm attributes its success to higher average realization rates.
Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
Better Options Property (BOP) plans to launch realty boutiques called "BOP Studios" across Indian cities. These studios, modeled as walk-in property shops, target prime locations, recruit thousands of professionals, and aim for multiple projects in various cities.
NRIs are avoiding real estate investments in India due to the global economic downturn, significantly impacting the realty sector.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
Ginger Hotels plans to open 60-70 properties across India in the next few years, focusing on refurbishing existing hotels and expanding its business model.
Eldeco Group seeks $200-250 million from private equity investors for projects in Punjab and Maharashtra after abandoning merger and capital market fundraising plans.