Panchkula Sector 18, Chandigarh

sector 18, panchkula, is a subpart of the rajeev vihar in panchkula, haryana. the locality is located very close to the punjab haryana border and the sukhna lake and wildlife sanctuary. neighbor localities to sector 18 are –manimajra, shastri nagar, phase i and industrial area phase i, bundanpur and daria. the sub-localities of rajiv vihar consisting of – sector 7, 17, and railway colony are the immediate neighbors of sector 18.

key highlights

• located close to the sukhna wildlife sanctuary, a natural primary preserve of haryana, and a significant tourist attraction in the area.

• panchkula is one of the most methodically planned cities in haryana. so there are proper planned residential structures and layouts in place.

• near to the sukhna lake, another important tourist attraction in the area.

• located close to the industrial sector phase 1, a central industrial area of haryana.

• lies very close to the punjab haryana border could get from one state to another in under two hours.

• located very close to the barwala bird sanctuary, yet another tourist attraction in the area.

• kaushalya dam is located within 150 km of the area.

whats great?

• the area is located at the foothills of the shivalik range, and hence ample small trekking opportunities are available in the area. 

• the forested region around sukhna wildlife sanctuary provides opportunities for camping and picnic activities.

• adjacent to Chandigarhs capital city, all the basic and advanced facilities are available near the region.

• a military base is just adjacent to the region, which is excellent for inspiring safety and security in the area.

• excellent connectivity options – located close to the state highway 5 and 7 as well as chandigarh railway station and Panchkula Sector 20 bus station

whats not great? 

• very high property prices in the area.

• rent starts at inr 20,000 for a 2 bhk apartment.

• Watch out for?

• 2 bhk and 3 bhk apartment near the cactus garden in the locality

• property rising factor

• short term

• several housing projects are being undertaken in the area.

• long term

• the localities lie within 100 km of essential tourist destinations in chandigarh, such as sukhna lake, which has excellent residential and transport infrastructures and is very close to chandigarhs state capital.

other highlights

• social infrastructure

• the area is a boon for outdoor activities and entertainment. the green zone of sukhna wildlife sanctuary and nearby forest provides the excellent camping opportunity, trekking events, and wildlife safari. there are even cabins near the woods available for enjoying nature with family and close friends. there are several famous temples in the area, such as –mata mansa devi temple, prachin shiv mandir temple, sri gita temple, and others for religious events and socialization. several ashrams are located in the area, such as – sri adwat swarup paramgyan ashram, anandpur satsang ashram, jat dharamshala ashram, nirankari satsang sabha, and others for meditation and introspection. the presence of sukhna lake nearby provides stunning visuals as well as boating opportunities.

shopping complex & markets

• empire store, sector 7

• hi5 mall, sector 5

• health care centers

• birla health care ayurvedic clinic, sector 8

• ircc hospital, sector 17

• connectivity & public transport

• sector 20 bus stand at 15 kms away

• old panchkula bus stand at 20 kms away

• reasonably close to the state highway 5 and 7

• schools, bank & fitness centers

• gyanndeep public school, mauli jagran road

•  dps junior panchkula, sector 7

• popular landmarks near locality

• chandigarh junction railway station

• chandigarh military base

micro market analysis

• capital and rental trends

• the property market in the sector mainly consists of residential plots and builder floor apartments, making about 50-50% of all the offerings.

• the residential apartments consisting majorly of 3 bhk and 2 bhk apartments, which again are half and a half (50-50%) in offerings

• the price range of residential properties is about inr 7,000 to inr 13,400 per sqft, with the lower limit offered for residential apartments and the higher limit shown for residential plots.

• the average rent for a 2 bhk apartment starts at inr 20,000 and can go as high as inr 50,000, depending upon locality.

• scope of growth

• the property prices in the area are currently very high, and as such, any appreciable increase in prices is almost impossible. the properties are expected to appreciate at the slow rate of 0.25%-0.50% per year.

• investment opportunities

• investment in residential plots is too expensive for an individual buyer, so the best investment strategy would be to invest in apartments, especially in 2 bhk and lower apartments, high in demand for renting.