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. [Read more…]