Chandigarh is the most well planned city of India, famous worldwide for its immaculate design and modern architecture. It is also the cleanest city of the country and high on human development index. The new age reason for its popularity is the IT/ITEs sector and world class education and medical facilities. All these make up for the real estate explosion and hence Chandigarh has seen a rise in the real estate sector.
The earlier ‘kothi’ culture has few options for the recent buyer, as there is no availability in the earlier established northern sectors. It is the southern sectors which are fulfilling the dreams of people who want to buy a home in this beautiful city. Real estate is seeing a new high in Chandigarh; big names like Eldeco, DLF, Omaxe, Supertech etc have several projects going on in Chandigarh.
Being a planned city Chandigarh’s infrastructural growth has been steady. And due to this it ranks as top in Human Development Index, e-readiness and the quality of life. Chandigarh real estate is impacted by this due to the availability of basic amenities across the city, meaning investors and home owners have solid infrastructural setup to rely on.
Sector 17 is the center of the city with a lot of commercial space. Sector 37 is another good and peaceful location to live in. Key localities in Chandigarh to contend with are Dera Bassi, Zirakpur, Dhakoli, VIP Road and Kharar.
Panchkula the satellite city of Chandigarh is well planned and developed; it is a coveted location to live in. Panchkula is a hot spot of Chandigarh with its malls, tourist destinations, schools, theatres, restaurants, and this is a good location to buy property in.
Zirakpur is going to be one of the most promising residential localities of Chandigarh, catering to all the amenities and some of its rich and developing projects. This is a good location to buy property in Chandigarh.
Mohali is one of the hottest and the most happening city of Chandigarh, booming with developments with each passing day. Growth in real estate has been tremendous and still in demand.
Patiala Road is another upcoming location as it connects Chandigarh to many cities of Punjab; there are scores of townships on this road. Well-developed infrastructure and better connectivity are boosting real estate prices along this stretch.
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