Sector 43, Chandigarh

sector 43 is an excellent residential area in Chandigarh, a city renowned for its planning.  being the largest and the most centrally located among the 3 neighbouring states of haryana, punjab, and himachal pradesh, sector 43 has contributed to the growth and development of chandigarh.

such good planning has left its effects on all the sectors, which form a kind of grid pattern. sector 43, as a result, has all amenities located almost equidistant. the area is interspersed with parks, lakes, and gardens, which make a living here comfortable.

it is a privilege to live in such a planned city where every sector is equally well planned. the effect of this microplanning is reflected in the overall convenience experienced by the residents of sector 43.

key highlights    

• sector 43 is centrally located in chandigarh.

• the locality has excellent infrastructure like markets, banks, hospitals, commercial and industrial facilities.

• there is easy access to public transport throughout the city.   

whats great?    

• residents enjoy a clean green living with numerous parks and gardens.

• all sectors, including sector 43, are well planned like the rest of chandigarh.

whats not great?

• residents face traffic congestion quite often.

• there is a lack of parking space.

• the groundwater levels are low, leading to the possibility of a water crisis in the near future. 

Watch out for?

investors should Watch out for? 3 bhk apartment blocks being constructed. booked early, they can be obtained at a lower cost.   there are also older individual floor 3 bhk apartments that come up for sale occasionally. 

property rising factor

short term: medium to light short term gains can be expected at this stage of the pandemic presently raging in india. it would make good sense to pick up any property selling a little cheaper than usual rates.  

long term:  3 bhk apartments bought early during the construction stage today will bring in huge long-term gains as chandigarhs prominence keeps increasing.

other highlights  

social infrastructure

chandigarh is among the best-planned cities in india.  sector 43 is centrally located and has a good infrastructure of commercial, educational, medical and industrial facilities. chandigarh being the common capital of haryana and punjab, has an excellent infrastructure of government offices. 

shopping complex & markets

the unique feature of chandigarh is that each sector has its own shopping centre and market. sector 43 has the privilege of being close to the markets of neighbouring sectors and malls nearby.  

• inner market, Sector 51a

• sector 43 market

• piccadilly square mall

• sham fashion mall

• enjoy bazar

health care centers

sector 43 is located near the centre of chandigarh and has close access to the best hospitals in the city. a wide selection has been listed below:

• landmark hospital

• pandhi hospital

• indus super speciality hospital

• ropar hospital

• chawla nursing home

• civil hospital and dispensary

connectivity & public transport

there is a bus stand within sector 43,

• chandigarh international is 17 km from sector 43

• chandigarh railway station is 10 km from sector 43.

schools, banks & fitness centers

sector 43 is very good as a locality. banks, commercial establishments and educational institutions are all within a km of this excellently placed sector. the athletics hybrid gym, anytime fitness, mixed martial arts, new friend fitness centre and barbell gym are great fitness centres in the vicinity that help residents stay fit and healthy.

schools

• st. stephens school

• sarv hitkari school

• government model high school

• st. xaviers senior secondary  school

• st. annes convent school

• shishu niketan public school

banks

• andhra bank

• yes bank

• chandigarh cooperative bank

• icici bank

• punjab and sind bank

• state bank of india

• hdfc bank

popular landmarks near the locality

almost every sector of chandigarh has its own parks. the garden of fragrance, garden of springs, garden of palms, terraced garden, and leisure valley are gardens nearby. there is a well-known iskcon temple less than 3 km away from sector 43. sukhna lake and lake park is a great place to visit and is 8 km from sector 43. 

micro market analysis

capital and rental trends: the trends of property costs and rentals are presently reasonable in sector 43 and is growing slowly. new projects are coming up, and older houses come up for sale every now and then. the price of a 2 bhk apartment ranges from rs 80 lakhs to rs 1 crore and can fetch rent in the range of rs. 15,000 to rs. 35,000. sector 43 has more 3 bhk apartments that are available at the cost of rs 1.1 to 1.4 crores. the rent for these apartments goes up to rs 30000. a 3 bhk apartment, if booked during the construction phase, can be purchased at a lower cost of rs 66 lakhs. 

scope of growth: there is an excellent scope of growth in sector 43 and the surrounding area. as chandigarh is the main city serving haryana, punjab and himachal pradesh, property costs are sure to escalate in the near future.

investment opportunities: there are a good number of new projects coming up in and around sector 43. investment options are multiple and good.