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.
Bengaluru's commercial real estate thrives due to its skilled workforce, quality living, and ITES sector, although real estate costs and accessibility are also significant factors.
India drops to second in retail investment ranking, with Vietnam taking top spot due to strong economic growth and consumer demand.
Hyper City Retail halts convenience format plans, shifts focus to big box format and multi-channel retailing due to low profit margins and high real estate costs.