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.
Nainital records a 49.3% year-over-year increase in residential searches, fueled by demand for holiday homes, remote work trends, and infrastructure development. Luxury properties in Mukteshwar and Bhimtal lead the market growth, as prices surge 13% annually, reaching ₹6,633 per sq.ft. Investors see potential in limited supply and rising demand, though higher prices may emerge.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.