In the latest land auction, Mohali plot prices drop almost 50%, surprising investors and property experts alike. The Punjab Small Industries and Export Corporation (PSIEC) auctioned 26 industrial plots in Mohali, each on a 99-year lease. The corner plot fetched ₹5.5 crore, far higher than its base price of ₹2.10 crore. Still, most plots sold for about ₹5 crore, showing a steep fall from earlier rates.

During the June 2023 auction, 15 plots in Phase 8-B sold at much higher prices. Each started at ₹1.95 crore, and many fetched nearly ₹7 crore. The highest bid touched ₹8.5 crore. That auction reflected stronger demand and high investor confidence. In contrast, the latest results show shifting buyer sentiment and changing market conditions.

Surbhi Malik, Managing Director of PSIEC, explained that prices depend on supply and demand. When more plots are available, buyers have more options, so bids drop. She said the process remains market-driven and reflects real-time conditions.

This was the second PSIEC auction since 2019 offering 500-square-yard plots. The corporation continues to promote industrial growth in Punjab through steady land sales. Since September 26, 2023, PSIEC has begun auctioning 177 industrial plots across Amritsar, Ludhiana, Mandi Gobindgarh, Kapurthala, and Pathankot. So far, buyers have purchased 55 plots, showing consistent interest from investors.

Property consultant Shalinder Anand views this as a market correction, not a collapse. He noted that frequent auctions by PSIEC and GMADA give buyers more choices. Because of this, government auction rates now stand lower than private listings. That makes it a good time for investors to step in. He also highlighted that PSIEC’s high Floor Area Ratio (FAR) of 3 helps IT and industrial companies build larger structures on smaller plots.

Experts further believe that Mohali’s expanding infrastructure, improved roads, and upcoming industrial hubs will boost long-term value. With more companies planning operations in Punjab, this dip could attract new investors who missed earlier opportunities.

In short, while Mohali plot prices drop almost 50% might seem worrying, but it actually signals a healthy adjustment. With upcoming auctions and competitive rates, this is an ideal time for businesses and investors to secure premium land in Punjab’s fast-growing industrial zone.

Property

Mohali, a rapidly growing city in Punjab, is witnessing a significant increase in collector rates for residential properties. On October 3, 2023, the district administration announced that residential property rates will rise by 20% to 32% for the financial year 2025-26. This change will begin on October 23, 2023, and aims to bring property valuations closer to actual market prices.

The impact of this decision will vary across the city. Some sectors will face a larger hike, while others will see smaller increases. It is important to note that commercial property rates will remain unchanged for now. This step is designed to balance residential growth without putting additional pressure on local businesses.

Moreover, villages that fall under the municipal corporation are also included in the revision. In these areas, the rate hike ranges from 5% to 33%, depending on the development level and popularity of the location. These new adjustments will help the government collect more accurate property taxes and ensure that transactions reflect real values.

In the previous revision in September 2022, collector rates increased by 26% to 50%. For example, residential property values rose from Rs 30,000 to Rs 36,000 per square yard, while others increased from Rs 45,000 to Rs 56,000. These changes show a consistent trend in property valuation adjustments as Mohali continues to expand and modernize.

Deputy Commissioner Komal Mittal said that officials discussed the revised rates in detail with property experts, developers, and residents before making a decision. The administration aims to ensure that property buyers and sellers receive a fair deal. In addition, this step will improve transparency in property transactions and discourage people from undervaluing properties.

For homebuyers, higher collector rates can mean increased costs, including stamp duty and registration charges. As a result, it may become slightly harder for first-time buyers to purchase homes. However, for sellers and investors, this could be a positive sign, as property values are likely to rise further.

Real estate experts suggest that this change could attract more infrastructure development. As property prices align with market trends, new housing projects, roads, and public facilities are likely to follow. Therefore, it’s essential for residents and investors to monitor these updates closely.

The administration has promised to release a complete list of revised rates on its official website, www.sasnagar.nic.in. This will help people calculate costs accurately and plan their property transactions more effectively.

In conclusion, the increase in collector rates for residential properties in Mohali marks another step toward creating a fairer and more realistic property market. With the new rates taking effect from October 23, 2023, both buyers and sellers should stay updated, review the official rate list, and make informed decisions to benefit from this evolving real estate landscape.

Property

A Great Opportunity to live in a luxurious society, a Homeland is a dream place for all who have the privilege of living luxuriously, but only a few can fulfill that desire. Today, we will talk about Homeland everyone wants to know Who Lives In Homeland Mohali.

According to rumors, in Homeland only Punjabi singers and actors live there, is it true or not, let us know about it. But if you want to know this, then you have to read this article, here we will tell you about Homeland, its infrastructure, who lives, the facilities provided by them, and all.   

About Homeland

If you are a citizen of Punjab and Mohali then, you may know about Homeland. Have you heard rumors that all Punjabi celebrities live in Homeland, well it is not a rumor. So let’s know about Homeland Height. The CEO of  Homeland Group is Umang Jindal.

Homeland promises whether it is a quick business trip or a family trip, they are always constantly exposed to a new culture, quality of living, and lifestyle. Well, what is this? A heart of Mohali, Homeland is the upcoming commercial and business hub of Punjab.

Homeland provides a high-rise apartment fuse with beautiful aspects that provide a quality of lifestyle which gives a luxurious living environment. Well, do you happen to know who is the renowned architect? Hafeez Contractor has given this innovative approach to the construction and design, even though he also gives innovation in CP.67.

In this, there are various units including 3,4,5, and 6 BHK apartments and penthouses, which are intricately designed, with strict attention to quality and facilities. The project Homeland was launched in 2014. 

Celebs Who Lives In This Luxurious Apartment

It is the heart of Mohali. You have already heard that Homeland is only for celebrities, but no! It’s not true, it is for all who can afford it. Yes! If you can pay that much rent or want to buy, then you can also live in Homeland.

As per our research, many Punjabi celebrities, business people, government officials, merchant Navy, singers, and politicians live there in Homeland because of several facilities that they provide to their community who live in Homeland Mohali.

Well, people have the curiosity to know which celebrities live in Mohali, so let’s know about Who Lives In Homeland Mohali :

Now you are aware of the net worth of the Punjabi singers who own the houses in Homeland. Many more celebrities are living in Homeland Mohali, Do you know? The great Punjabi singer Sidhu Moosewala lived in Homeland.

Controversies 

• On the 6th of  June 2022, The Punjab police conducted raids at Homeland Height housing in Mohali and rounded up five people. According to research, the five people were connected with the Punjabi singer Sidhu Moosewala’s death.
• Well, on the 9th of June 2022, 100 personnel police of Fatehgarh Sahib on a Thursday morning came to Homeland Society in Mohali and searched 20-25 flats there. The Ropar police are searching for Eden Court on Landran Road, and the Mohali police have been at Jal Vayu Vihar since early morning.
• Sippy Gill was arrested for an assault other in Homeland Buildwell Height. On 18th October 2023, the Mohali police registered an FIR against Sippy Gill, he is a Punjabi singer who lives in Homeland Bulidwell, and the police have two more for allegedly assaulting a man at Homeland Society on Monday evening.  

Facilities 

Why is this place called the heart of Mohali or a dream place for all who want to live a luxurious life? Well, this project is designed by a successful company.  Let us see all the facilities provided by Homeland Heights:

Also Read Emaar MGF Mohali Sector 105 – Here’s How You Live the High Life

Homeland Infrastructure 

As we mentioned in the above article, it provides 3, 4, and 5 BHK apartments, but you want to know how much it costs, it may differ but approx it will be the same, let us see:

In more details,

• In a 3BHK flat, there will be Three bedrooms with an attached washroom and one kitchen room.
• A 4BHK flat, there will be Four bedrooms with an attached washroom and one kitchen room.
• In a 5BHK flat, there will be Five bedrooms with an attached washroom and one kitchen room. 

Quick Reviews 

Let’s take a look at the given below information:

Conclusion

In conclusion,  We hope our Article helps you know who lives in Homeland Mohali. That we have already mentioned all the details about the Homeland and their facilities which they provide.