Sector 8, Chandigarh

sector 8 is located in Chandigarh is one of the few well planned township. apart from being one of the cleanest neighbourhoods, sector 8 is surrounded by lush greenery. sector 8 is one of the luxurious neighbourhood in chandigarh. all civic amenities are present in this locality making it a self-sustaining area with convenience of residents. the nearby localities are sector 5, sector 9, sector 4, sector 19, Sector 18 and sector 19.

the average price of this locality is 15,000 / sqft. 74% of the properties for sale lie in the range above 5 crores, whereas 16% of the rental properties lie above 1 lakh. this locality has various builder floor apartments, residential houses, luxurious 2 bhk, 3 bhk and 4 bhk apartments, and luxurious villas.

key highlights 

• very close by to sukhna lake, which serves as a tourist attraction and is one of the best place for family outings on weekends.

• close to the famous chandigarh railway junction

whats great? 

• developed social amenities

• close proximity to chandigarh railway station

• wide roads, thus no traffic is observed

• low pollution

whats not great? 

• footpaths encroached by street vendors

• little nightlife as compared to other major cities

Watch out for? 

• famous chandigarh railway station which serves as junction for all the trains and is at a small distance from sector 8

• prices moderately increasing as the locality is a prime location and an upcoming posh locality in chandigarh 

property rising factor

• short term -

• development in social infrastructure

• the locality is considered to be an upcoming prime location

• long term -

• many industries are being built around this area, thus market price is expected to grow steadily in the coming years. sukhani lake is now being developed and attracting more visitors, thus making the price around it go higher than ever.

• zoning plans and development is been made by the government.

other highlights 

• social infrastructure -

• sector 8 is mainly a civilian area with excellent bus and railway connectivity.

• police station is nearby so there are frequent police patrolling

• markets, shopping complexes, schools and hospitals are nearby too.

• shopping complexes & markets -

• shopping center 7 ( 2.4 km )

• elante mall ( 7.2 km )

• rumours boutique ( 700 m )

• hideout ( 2.3 km )

• mothercare store ( 2.4 km )

• health care centres -

• dr batras positive clinic ( 4m )

• the sleep clinic ( 1.1 km )

• medikare : a cardiac care clinic ( 450 m )

• khandelwal clinic ( 1.2 km )

• dr.rachna`s skin and cosmetology clinic ( 300 m ) 

• connectivity and public transport -

• chandigarh junction railway station ( 6.5 km )

• chandigarh international airport ( 21.5 km )

• sector 8 market bus stop ( 400 m )

• schools, banks and fitness centres -

• schools :

• dav public school ( 650 m )

• crb public school ( 1.0 km )

• carmel convent school ( 1.1 km )

• first step school ( 1.7 km )

• banks & atm 

• banks

• induslnd bank 

• au small finance bank 

• bank of india ( 2.6 km )

• yes bank ( 2.1 km )

• canara bank ( 2.1 km )

• atms 

• federal bank atm ( 1.1 km )

• kotak mahindra bank atm ( 280 m )

• axis bank atm ( 1.1 km )

• induslnd bank atm ( 1.4 km )

• fitness centres 

• bodyzone fitness & spa ( 2.2 km )

• burn gym ( 1.0 km )

• human fitness ( 1.9 km )

• popular landmarks near locality

• tank monument ( 2.2 km )

• garden of silence ( 4.8 km )

• zakir hussain rose garden ( 2.8 km )

micro market analysis 

• capital and rental trends -

• price trend analysis have shown sector 8 showing an upward trend since the last six months. there has been an increase of 96% in the prices of properties in this locality.

• a 4 bhk apartment in this locality costs around 3.75 crores to 4.90 crores whereas a 3 bhk apartment would cost around rs. 1.75 crores to rs. 4 crores.

• renting a 3 bhk apartment would cost around 35,000 -1.1 lakhs to your pocket whereas a 2 bhk apartment would cost around rs. 25,000 to rs. 55,000.

• scope of growth -

• with the upcoming construction to make this locality a smart city, the price of this locality will be witnessing a surge in the prices

• as the new apartments are been developed as per the zoning plan by the government, the prices are meant to rise.

• investment opportunities -

• price trend analysis recommends a 3 bhk apartment as it is a reasonable share of the price compared to the upcoming prime location it has become. with the governments new proposed plans, this locality is set to become a demanding spot for buyers, thereby increasing the property prices in the coming future.