The SC-appointed Lodha Committee flags illegal sales of 50 plots in Mohali's Sector 104 linked to the ₹48,000 crore Pearl Scam. Sold at one-third market value without proper registration, these transactions involve influential figures.
Mohali's real estate market experiences 9.9% YoY price surge, reaching ₹7,239/sqft. Prime sectors 79 & 85 deliver 80% appreciation since 2022, driven by infrastructure upgrades and IT sector expansion.
Chandigarh's administration announces ₹2.73 billion infrastructure development projects for FY 2025, including 600 government housing units and a new Police Training Centre, expected to drive real estate growth in Mohali and surrounding areas.
The Greater Mohali Area Development Authority (GMADA) demolished 40 unauthorized under-construction structures in Nayagaon's Karoran village to enforce urban regulations and curb illegal development, emphasizing planned growth in the Mohali region.
Mohali's rental market thrives as tenants increasingly favor fully furnished apartments near educational hubs, driving premium pricing in key areas like Sector 70 and Phase 3B2.
Mohali's IT City Project attracts major tech firms like Infosys and Tech Mahindra, driving demand for residential and commercial real estate to support industry expansion.
Mohali's real estate market attracts NRIs through RERA reforms and streamlined services, offering luxury homes and smart offices with end-to-end dealer support.
Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
Property prices in major Indian cities have surged, but new developments in areas like Rudrapur and Mohali show growth potential amidst a changing market landscape.
Sarovar Hotels & Resorts aims to add 100,000 rooms by 2012, expanding its portfolio with 33 new hotels across various brands, including budget-friendly Hometels and apartment hotels.
Suncity Projects announces plans to develop four retail cities in India by 2011, with an investment of Rs 2,000 crore.
Emaar to invest $150 million in three Emaar MGF projects, marking the first major fund infusion since a failed IPO. This equity stake will be in separate SPVs developing retail and office properties in Gurgaon and Mohali.
Vishal Retail is venturing into real estate, aiming to acquire 1 crore sq ft in 3 years for retail expansion and new projects. The initiative is expected to launch later this year or early next year.
Suncity Projects plans to invest ₹15,000 crore in developing 'Jewel of India' mega-malls across six cities, featuring unique ethnic product spaces.