Despite Rs 140 crore budget and high property tax collection, Zirakpur struggles with poor infrastructure, raising questions about fund utilization and accountability.
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.
Fractional ownership models enable retail investors to purchase shares in Ludhiana's high-value commercial properties with smaller capital commitments, democratizing access.
ONE Group Developers commits ₹1200 crore investment in Mohali over two years, developing 800+ residential units, commercial mall, and luxury housing projects across prime sectors.
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.
Connect New Chandigarh's rising demand for compact residential plots of 100-200 gaj, offering affordable housing solutions and flexible investment opportunities.
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.
GMADA’s upgraded 8.9km PR-4 road, linking Kurali to Mullanpur, nears February 2025 completion. This critical infrastructure project aims to decongest traffic and boost connectivity for New Chandigarh’s real estate market.
Trishla Group announces four new developments in Banur, Rajpura, and Panchkula, featuring 1,000 sq.yd plots and ultra-luxury apartments, reinforcing its reputation as a leader in eco-conscious and high-end real estate.
Zirakpur’s real estate market witnesses a 26.67% YoY price surge, averaging ₹5,794 per sq.ft. Strong demand for affordable housing, premium projects, and infrastructure upgrades attract investors. Emerging as a hotspot for homebuyers in Tricity.
The Punjab State Government introduces a labor card and an e-labor portal, providing construction and labor workers with various benefits and easy access to government programs.
The article elucidates the applicability, benefits, required documents, registration process, and potential penalties associated with the BOCW Act in Punjab.
Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
India's luxury real estate market faces challenges due to dwindling demand from domestic buyers and cautious non-resident Indians (NRIs) anticipating a market correction.