Sector 22, Chandigarh

Sector 22 is a very popular area in Chandigarh. it has gained immense popularity due to the presence of the famous shastri market which is an important destination for  clothing, artificial jewelry, handcrafted items. the market has an abundance of shopping as well as dining options. from clothing to home furnishing items  along with daily needs, one can find everything they need here. there are many options to unwind as well, from restaurants that serve great food of various cuisines to lounges to have a drink or two.

the average price of this locality is 5,500 - 12,400  / sqft. 29% of the property on sale lies in the bracket of  1 crore – 1.2 crores . 33% of the rental properties lie in the range of 20,000 - 25,000.  this locality has various builder floor apartments, residential houses, including luxurious 2 bhk, 3 bhk, and 4 bhk apartments, residential plots and commercial shops.

key highlights :

• sector 22 has good connectivity to it hubs and various other job avenues- mohali

• various small and large scale projects are emerging at sector 22 making this locality the preferred living place.

• tourist location

• commercial shops are available.

whats great? :

• surrounded by greenery all-through.

• good employment opportunities due to rising industrialization.

• various new real estate projects as the it park is growing.

whats not great? :

• roads are pretty small in sector 22 as this is still an emerging location.

• improper roads due to potholes

• traffic jams due to overcrowding

Watch out for? :

• you can reach the it park without any hassle.

• sector 22 has good greenery spread throughout and is surrounded by various parks and grounds.

• new developmental projects are emerging.

property rising factor :

• short term -

• development in social infrastructure due to many malls and it development.

• considered a prime location for young people 

• long term -

• since sector 22 has good connectivity to it hubs, real estate is booming quite fast here. as many it people are seeking housing here, many infrastructural projects are blooming up.

other highlights :

• social infrastructure -

• sector 22 has well developed social amenities.

• markets, shopping complexes are nearby too.

• shopping complexes & markets -

• sector 22 market ( 350 m )

• shastri market ( 400 m )

•  budaal market ( 1.1 km )

• maggi point ( 1 km )

• bijwara market ( 1.6 km )

• health care centres -

• guru nanak multispeciality hospital ( 2 km )

• apollo clinic ( 2.6 km )

• dr. shital bhardwaj clinic ( 300 m )

• mukat hospital ( 1.9 km )

• healing hospital ( 1.6 km )

• connectivity and public transport -

• well-connected to national highway 5 via himalaya marg.

• chandigarh railway station is situated  7 km away from sector 22.

• chandigarh international airport is 19 km away from sector 22.

• the inter state bus terminal is just 2 km from sector 22.

• schools, banks and fitness centres -

• schools :

• government model senior secondary school  ( 800 m )

• chandigarh institute of film and television ( 1 km )

• manav mangal high school ( 84 m )

• model school ( 300 m )

• government model nursery school ( 700 m )

• government girls senior secondary school ( 2 km )

• banks & atm :

• banks

• indusind bank ( 400 m ) 

• central bank of india ( 160 m )

• state bank ( 900 m )

• bank of baroda  ( 1.1 km )

• dcb bank ( 2.2 km )

• atms 

• punjab & sind bank atm ( 800 m )

• punjab & sind bank atm ( 2.2 km )

• indusind bank atm ( 850 m )

• indusind  bank atm ( 1.9 km )

• fitness centres :

• ozi gym & spa ( 1.6 km )

• fitness world ( 3.7 km )

• malik fitness ( 1.1 km )

• bolt gym & spa ( 750 m )

• popular landmarks near locality

• zakir hussain rose garden ( 3.1 km )

• government museum and art gallery ( 3.8 km )

• international dolls museum ( 2 km )

• garden of silence ( 8 km )

micro market analysis :

• capital and rental trends -

• price trend analysis has shown sector 22 having an upward trend since the last six months. there has been an increase of 22% in the prices of properties in this locality.

• a 3 bhk apartment in this locality costs around 1.2 crores to 2.45 crores. 

• renting a 3 bhk apartment would cost around 29,000 to your pocket.

• scope of growth -

• with the upcoming projects under construction to make this locality a developed area, the price of this locality will be witnessing a surge in the prices.

• investment opportunities -

• price trend analysis recommends a 2 bhk apartment as it is a reasonable share of the price compared to the upcoming prime location it has become. with this locality still developing, the prices are quite low as compared to other locations; thus, residential investments are quite favourable for long term investors.