Vip Road, Zirakpur

vip road is situated near Chandigarh airport in the Zirakpur town in mohali. the locality is close to chandigarh in punjab. zirakpur is known to be a satellite city. located on the lower range of shivalik hills, it comes under tehsil of dera bassi. it can be considered as  gateway to reach chandigarh from delhi.

the average price of this locality is 4,198 / sqft. 61% of the property on sale lies in the bracket of 20 lakhs – 40 lakhs whereas the rest lies upto rs. 60 lakhs. 67% of the rental properties lie in the range of 5,000 - 15,000.  this locality has a housing mix of  various residential houses, including luxurious 2 bhk, 3 bhk, and 4 bhk apartments, commercial shops and commercial showrooms.

key highlights :

• vip road is home to software companies and various it hubs and other employment hubs are easily accessible owing to its great connectivity. 

• a lot of scaled projects are underway at vip road and most of them are under construction making this locality a better residential place to live in. 

• due to the growth of it park, newer real estate projects have emerged to come in. 

• renting of commercial office spaces and showrooms are available at affordable prices. 

whats great? :

• there are trees on either sides of the roads making it a green city

• various employment opportunities are generated due to the growth of industrialisation in this locality. 

• well-connected to ambala chandigarh expressway

• well built connectivity

whats not great? :

• narrower roads making commutation difficult during rush hours. 

• potholes on the road

• crowded roads leading to traffic jams at office hours and peak timings.

Watch out for? :

• various employment hubs and avenues near industrial area- phase 1

• vip road is popular for the greenery spread. 

• proposed developmental projects are underway.

property rising factor :

• short term -

• sound social infrastructure due to many developmental projects over the past decade. 

• affordable housing options and ranges are offered by developers like nk sharma group, bir developers and promoters and orbit apartment construction pvt ltd,

• long term -

• vip road has the advantage of great connectivity to many industries and office spaces nearby mainly it hubs. so the growth of industries are pacing up in a high order and so is simultaneous development of the surroudings. this in turn rises the real estate sector upto heights. 

other highlights :

• social infrastructure -

• vip road has well developed social infrastructure

• all the daily necessities are available at a nearer distance. schools and colleges are located nearby too.

• shopping complexes & markets -

• fish market ( 4.1 km )

• Sector 12 a market ( 6.9 km )

• vegetable market ( 3.4 km )

• grain market ( 3.8 km )

• aakriti market ( 3 km )

• sabzi mandi food market ( 3 km)

• health care centres -

• mehar hospital ( 3.4 km )

• advamed advance mother & child care centre ( 1.5 km )

• trinity hospital ( 3.9 km )

• osmed healthcare multispecialty hospital ( 3 km )

• connectivity and public transport -

• near to ambala chandigarh expressway and national highway 7.

• chandigarh railway station ( 10 km )

• chandigarh international airport via nh5 and mohali airport road ( 13 km )

• schools, banks and fitness centres -

• schools :

• eme public school ( 650 m )

• blooming dales public school ( 7 km )

• excel public school ( 5 km )

• minerva divine public school ( 2.3 km )

• sanfort school ( 3.4 km )

• banks & atm :

• banks

• punjab & sind bank ( 3.2 km ) 

• allahabad bank ( 2 km )

• dcb bank ( 7 km )

• karnataka bank ( 190 m )

• atms 

• karnataka bank atm ( 6.5 km )

• federal bank atm ( 2.6 km ) 

• axis bank atm ( 6.5 km )

• axis bank atm ( 2.6 km )

• fitness centres :

• core fitness first gym ( 5 km )

• vigour 2.0 gym ( 120 m )

• the code fitness ( 550 m )

• premium fitness gym ( 400 m )

• popular landmarks near locality

• cactus garden ( 11.1 km )

• government museum and art gallery ( 16 km )

• le corbusier centre ( 13.5 km )

micro market analysis :

• capital and rental trends -

• the property-price trend analysis have shown vip road showing a downward trend since the last half a year. there witnessed a decline of 12.8% in the prices of this locality during the period.

• research shows that buying a 3 bhk apartment in this locality costs around 65 lakhs to 90 lakhs and renting a 1 bhk apartment would cost around 3,500 -8,000 to the tenant.

• scope of growth -

• the future constructions and proposed plans are promising for the locality to make it a developed locality. some of the proposed plans include self sufficiency and a great built- in feature. 

• investment opportunities -

• the property-price trend analysis recommends buying of a 2 bhk apartment as it is quite cheaper than its nearby developing locations. with the developmental projects, the prices of this locality are expected to surge up. this would be favourable for residential investments made currently and the benefits are expected to be higher.