Mohali land rates double in 3 years; ED raids hit real estate boom

📢 Mohali real estate alert: ED raids hit land conversion scams! Land rates in Mohali have doubled in three years, but the Enforcement Directorate is now actively investigating alleged land-use conversion irregularities. This means institutional land was reportedly re-designated for residential use, artificially inflating property values. FIRs are lodged in cases like the Guava Orchard scam, Suntec City CLU, and Pankaj Bawa. Builders including Bajwa Developers, Indian Cooperative Housing Building Society, Altus Space Builders, Dhir Constructions, and ABS Townships, with projects like Suntec City, La Canela, and District 7, are under scrutiny. For buyers and investors in Chandigarh considering Mohali, this raises serious questions about property titles and future project stability. In your opinion — is this positive or negative for buyers?