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Sector 50, Chandigarh

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Buy: ₹ 1.5 Cr - ₹ 2.4 Cr
Rent: 12,000 - 35,000
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About Sector 50, Chandigarh

sector 50 is located in the southwestern part of Chandigarh. it is nearby to most of the employment hubs around the city. sector 50 is a residential development and has several low-rise structures as the area fabric.

the nearby areas to sector 50 are Sector 49, sector 48 a, phase 11, sargodha housing society, and others. there are many schools and colleges around the area which provide overall development for kids. the markets the shopping centers in and around the area are good enough for the daily needs of the residents. 

the employment hubs like mohali – sahibzada ajit singh nagar, kajheri, jagatpura, amb sahib colony are all at a convenient distance of 8-12 km from the area. the it parks and technology parks in the panchkula area are at a distance of 16 km and can be reached by road. the average price for property in the area is rs 7600 per sqft. 


key highlights

  • proximity to mohali industrial area.

  • growing infrastructure with upcoming residential projects.

whats great?

  • green and safe neighborhood to live in.

  • well-developed roads and easy connectivity to other parts of the city.

  • the booming market for the residential real estate sector.

whats not great?

  • waste disposal system needs improvement

  • cleanliness can be an issue.

Watch out for?

  • the proximity to mohali allows this area to be an important location for residential development. the area has a number of upcoming projects which can change the look of the area. 

property price rising factor

short term

  • good roads and intercity connectivity

  • availability of market places and shopping centers.

long term

  • proximity to the mohali international airport.

  • employment opportunities in the nearby industrial areas and tech parks.


other highlights

social infrastructure

the reviews of sector 59 suggest that it is an excellent locality to live in with all the necessary amenities and services around it. there are many major bank branches and atms around the area. the schools and colleges around the area are also equipped with modern teaching facilities. the nearest school to the area is govt high smart school. hospitals and healthcare centers are at a convenient distance from the area if there is an emergency. the restaurants around the area are cozy and serve excellent food.


shopping complex & markets

•elante mall

•vr punjab

•ctc shopping plaza

•model town market

•vip shopping center


health care centers

•cosmo hospital

•santokh hospital

•apollo clinic

•fortis hospital mohali

•dr sachdeva eye clinic


connectivity & public transport

  • the mohali international airport is at a distance of 14 km from the area and can be reached in 20 mins.

  • there are many bus stops around the locality which connect you to other parts of the city. the nearest bus stops are sector 50/49 bus stop, ctu bus stop, sector 50b bus stop, and sector 63/64 bus stop.


schools, bank & fitness centers


schools

•chandigarh baptist school

•shemrock school

•bmd public school

•saint soldier school

•taleem college


banks

•punjab national bank

•induslnd bank

•indian bank

•central bank of india


atms

•axis bank atm

•yes bank atm

•punjab national bank atm

•induslnd bank atm

•kotak mahindra bank atm


fitness centers

•old gym

•ozi gym & spa

• hunks mania fitness

•platinum 7 gym

•galaxy fitness


popular landmarks near locality

•zakir hussain rose garden

•government museum & art gallery


micro market analysis

capital and rental trends

  • the price trends in the area suggest that both selling and buying property are profitable at this moment in the sector 50 locality.

  • the price for property in this area lies between rs. 5900 per sqft to rs. 10000 per sqft. the commonly purchased property type in the area is the 3 bhk type. the price for a 3 bhk apartment in sector 50 is rs. 1.05 cr. to 1.35 cr and that for a 4 bhk apartment is rs. 1.30 cr. to rs. 1.65 cr

  • the rent in the sector 50 area is between rs. 15k to rs 35k. for a 2 bhk apartment, the rent starts from rs. 20,000. for a 3 bhk apartment, the rent is between rs. 22000 to rs 45000 depending upon the type of development.


scope of growth

sector 50 is one of the prime residential localities of chandigarh. since it is near to a lot of commercial and industrial parks, it makes life easy for its working-class residents. the improvement in the industrial areas will indirectly create growth opportunities in the area.


investment opportunities

the types of properties available for sale are – apartments, residential houses, and builder floor apartments. almost 69 percent of properties in the area are of the apartment type. sector 50 area has over nine properties for sale and 24 properties for rent.

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