📌 1. Banur Master Plan Set for a Major Shift
The Punjab government is working on changing the Banur area’s land use. Large portions of farmland in and around villages like Giga Majra, Naugiari, and Hulka are proposed to be converted into residential zones. The public has been invited to give feedback on this via the PUDA portal. If this goes through, it could bring new housing projects and boost real estate activity in southern Mohali.
📉 2. Relief in Enhancement Charges for Plot Owners
GMADA has proposed a cut of ₹800 per square yard in enhancement charges for plot owners in Sectors 76 to 80. If approved, the revised rate will drop from around ₹2,645 to ₹1,864 per sq yd. This will benefit more than 30,000 plot holders who’ve been waiting for some relief in overall costs.
✋ 3. Farmers Push Back Against Land Pooling
GMADA has been trying to acquire around 2,600 acres of land through a land pooling model. However, out of nearly 8,000 landowners, only 15 have agreed so far. Farmers say the compensation offered is unfair, and they feel pressured. Protests are ongoing, and this could slow down major development plans if not resolved.
🌊 4. Flood Control Plan for IT City
In Sector 82 (IT City), a new environmental clearance has allowed the realignment of the N-choe rivulet. This step is aimed at solving waterlogging and flood issues. It will also help in reclaiming land for new buildings, green areas, and infrastructure projects.
📢 5. Where’s the Development Money Going?
The Deputy Mayor of Mohali has raised questions about the utilization of revenue earned from land sales by GMADA. An RTI has been filed to know how crores of rupees collected are being spent — especially since local roads and facilities remain underdeveloped in many areas.
🛣️ 6. Airport Road Expansion Under Fire
The widening of the Airport Road (particularly between Sectors 65/66 to 66B) is facing scrutiny due to poor construction quality and delays. The housing minister has personally reviewed the site and demanded stricter action against those responsible.
📈 Market Trends & Insights
- Mohali’s average property rates have gone up by 9.9% in the first quarter of 2025.
- Hotspot areas include:
- Sector 79 (up nearly 80%)
- Sector 85 (up 82%)
- Aerocity (up 69%)
These sectors are attracting both local investors and NRIs due to better infrastructure, connectivity, and upcoming projects.
💼 Big Investments on the Horizon
- A plot in Sector 68 was recently sold for ₹82.5 crore in a GMADA auction, signaling strong demand.
- ONE Group Developers is set to invest ₹1,200 crore in Mohali with residential and commercial projects (including in Sector 98), showing high confidence in the region’s potential.
🧠 What You Should Know
Areas like Aerocity, Sector 79, and Sector 85 remain investor favorites, but even adjoining sectors like 76–80 are seeing more activity thanks to possible cost relief.
Mohali is witnessing rapid transformation, but not without challenges.
The potential for returns is strong, especially in planned sectors and those under development.
However, unresolved issues like land acquisition protests and lack of transparency in fund usage may impact timelines and buyer sentiment.
