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.
The newly opened Mohali Ambala Greenfield Expressway transforms connectivity and boosts real estate prospects across the region with its modern infrastructure.
GMADA's August 2025 e-auction featured 156 premium properties including commercial shops, hotel sites, and institutional plots across New Chandigarh.
A 0.84-acre commercial site in Mohali's Sector 68 near NIPER sold for ₹83 crore in PUDA's e-auction, attracting 25 competitive bids and setting new benchmarks.
MoEFCC grants environmental approval for Zirakpur's ₹1,900 crore ring road. The 19.2-km bypass will ease NH-5/NH-7 congestion, offering alternate routes to Shimla, Delhi, and the airport. Construction begins by December 2025.