Sector 23, Chandigarh

sector 23 is a small yet posh locality in the central part of Chandigarh. the locality is well planned with some quite expensive established properties and also some upcoming projects that promise to be luxurious and lavish and therefore are high priced. several branded shops spread throughout the locality along with other shops that fulfill the daily requirements of residents. there are several parks and even a swimming pool in the locality along with the city banquet hall. the locality also hosts the international dolls museum that is a famous tourist attraction in the city. the ramlila ground of sector 23 also sees a lot of visitors at the time of dussehra.

the various localities surrounding sector 23 are, sector 24 on the northern side, and sector 22 on the southern side, Sector 16 surrounds it on the eastern side, and sector 36 on the western side. there are schools, hospitals, restaurants, and shopping complexes in proximity to the locality. the location assists in good transportation facilities and good connectivity of the locality with prominent places in chandigarh. 2 bhk and 3 bhk are the most common housing configuration in the area. the prices for the property as well as rent are a bit on the higher side.

key highlights:

• the locality has several parks as well as a museum.

• there is a market in the locality itself, so the residents dont have to travel far to get necessities.

whats great?

• sector 23 has good transportation services.

• the locality is not far away from the airport or the railway station.

• the sector 16, cricket stadium is adjacent to sector 23.

whats not great?

• the price of houses in this locality is not affordable for most as it is a posh locality in the centre of the city.

• there ospitals or restaurants within the premises of the locality, although they are not that far away.

Watch out for?:

those planning to invest in sector 23, chandigarh should Watch out for? high rent and property price and good transportation services as the locality is in the centre of the city and is well planned with all facilities.

property price rising factor:

• short term- the short-term factor for a rise in property price could be the upcoming projects and the opening of several branded stores in the locality.

• long-term - the long-term factor could be that all amenities are available nearby, and this would gain further importance as the population increases and expansion takes place.

other highlights:

social infrastructure

the locality is well equipped in terms of social and retail infrastructure as everything a resident desires for is available without much hassle, be it schools, markets, parks, etc.

shopping complex and markets

there are several branded stores and small shops spread throughout the locality so that the residents can procure their daily requirements. there is a big sector-23 market where everything is available.

healthcare centres

healthcare centres are an essential aspect for rating a locality as they are an essential facility, especially for older adults. unfortunately, it is the only aspect where the locality lacks as there is no hospital within the locality itself, although there are good hospitals nearby. some of these healthcare centres are-

• nddrc hospital 

• santokh hospital

• dharam hospital

connectivity and public transport

the locality is well connected to all parts of chandigarh, and public transport is quite efficient too. bus services, taxis, autos, etc., all help residents to commute throughout the day.

schools, banks, and fitness centres

schools

some of the educational institutes in this locality are: 

• govt. senior secondary school  

• kutlehar institute

banks

some of the banks providing their services in this locality are: 

• punjab national bank  

• state bank of india. 

fitness centres

the fitness centres in this area are:

• gym nation  

• ozi gym and spa.

popular landmarks

some of the landmarks for this locality are the sector 23 market and the international dolls museum.

micro market analysis:

capital and rental trends- the price of a house with a 3 bhk configuration in this locality lies in the range of inr 1.5 crore to 2.25 crore and the rent for a 3 bhk is in the range of inr 10,000 to 60,000.

scope of growth- the locality is an already established one, with few upcoming projects. it is well-planned an,d well-developed, and the price of the houses here justifies that; thereby, the scope of further growth is unpredictable.

investment opportunity- if one has already invested here, then they are in for some huge profits. still, if one is looking to invest here, they need to get a great deal to acquire profits, as the prices of property in this locality are pretty near the maximum point as of now.