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.
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.