Property in Chandigarh

Know More About Chandigarh

Total Projects: 190

Underdeveloped social infrastructure and barren tracts of land were a few facts, which defined Chandigarh a few years back. But, now, the city has comprised of good infrastructures coupled with high-tech office campuses, which pulls a large scale of migrant population. Further, the city is found to be dotted with several SEZs and multi-story buildings. These positive signs have encouraged as many reputed MNCs as possible to enter the IT market here and expand their IT sectors. In addition, the realty market has been stabilized by the foreign investment, which has lured several property developers to emerge with a significant number of residential projects in Chandigarh including Sushma Chandigarh Grande, Sushma Joynest MOH 1, Yellow Stone Gardens, SRD Western Towers, Pioneer Acme Heights Extn, Wave The Villas, and TDI Wellington Heights.

Both national and international real estate developers have announced several upcoming projects here covering the mid-range and affordable segment. A few of the upcoming reality corridors, which brim with the real estate developments, include Dera Bassi, Zirakpur, Mullanpur, and Ambala highway as well. These regions have changed their profile very quietly. In fact, small houses are giving way to kothis and plush apartments whereas villages are rapidly evolving themselves to develop into a suburban town. Eve, most of the villagers had sold their land to local property builders or individual buyers at a skyrocketing price. This fast-paced demand for accommodation over those corridors will boost the property rates in Chandigarh, which in turn captures the minds of many a number of investors to invest here.

Another important element, which has helped in bringing Chandigarh on the real estate map, is nothing but its rapidly developing infrastructure. The realty demand is being fuelled by the proposed metro rail project that links Secretariat and Aerocity. The forthcoming habitat center, the Knowledge city, and the golf course too have enhanced the worth of several Chandigarh properties. Improvements done to roadways has helped in easy access to major neighboring cities such as Delhi, which has expanded the commercial belt of the city.

These prevailing factors will surely have a positive impact on the realty property in Chandigarh. There is no doubt that they have made this capital city a preferred destination for both end users and local investors. Additionally, property developers are also granting a fair share of reasonable housing units, which lure second time home buyers and end users alike. As a result, the property values in areas such as Ambala highway, Mullanpur, Zirakpur, and Dera Bassi are cited to float between the price range of Rs.2,200 and Rs.3,700 per Sq ft. The residential properties in neighborhoods such as Mohali are determined to cost in the price range of Rs.2, 450 to Rs. 6,400 per Sq ft.

Best of all, the developing satellite cities around this market have a positive influence and in turn, attract lots of foreign capital. The local government is also now taking several initiatives with an intention to make Chandigarh the first smart city in the country. So, the capital values of properties in Chandigarh for sale will escalate further.