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Key Headlines in the Tricity Real Estate Sector

  • Bridge Collapse Disrupts Connectivity near New Chandigarh
    Heavy monsoon rains in Mohali led to flash floods, washing away a bridge in New Chandigarh and isolating five nearby villages. The bridge, under repair, was lost despite past efforts, disrupting schooling and milk supply. Authorities said restoration will begin once water levels recede.
  • Floodgates Opened at Sukhna Lake, Downstream Areas Monitored
    Rising water levels at Sukhna Lake in Chandigarh prompted authorities to open one floodgate. The move came as a precaution, with downstream areas—especially Mohali and Panchkula—placed on high alert to monitor flood risks.
  • Land Fraud Racket Busted in Mohali
    Mohali Police unearthed a land fraud scam involving forged documents. Five people have been arrested and with ₹32.5 lakh in cash and five vehicles seized. The accused allegedly tricked residents in Gharuan village into paying for non-existent land
  • Zirakpur Tops Property Tax Collections under OTS Scheme
    On the final day of Punjab’s one-time settlement (OTS) scheme, Zirakpur recorded the highest property tax collection in Mohali district—raising ₹12.2 crore by waiving interest and penalties for compliant taxpayers
  • RERA Halts Sales in Mohali for Unregistered Project
    RERA Punjab issued an interim order halting all promotional and sales activity for “The Royale Sector 39 Extension” by Motiaz in Mohali due to lack of registration and escrow violations. The next hearing is scheduled for August 25.

Summary of Today’s Real Estate Landscape

CategoryHighlights
InfrastructureMonsoon-induced disruptions—bridge collapse and lake overflow risk.
Regulatory ActionEnforcement action by RERA on unregistered projects; crackdown on land fraud.
Revenue EfficiencyProperty tax collections under OTS showing effective civic revenue recovery.

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