Chandigarh: The Next Real Estate Destination

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commercial and industrial property in Chandigarh


Chandigarh is fast emerging as a much sought after destination in the Indian real estate circuit, as many buyers are making a run for the properties in this city. Whether it is land, commercial, residential or industrial property, there is something in there for everybody. With initiatives being taken by the government as well as private builders, the city has a lot to offer for everyone despite some of the best places being already booked. This is because the realty market here is not just good in terms of the city itself but also due to the neighboring areas that are attracting buyers from all over the country and even outside of India.


Why Chandigarh?


Chandigarh, nicknamed The Beautiful City' and counted amidst the fastest growing cities in India has become a preferred choice for individuals and commercialists alike due to several reasons.


  • State-of-the-art physical infrastructure
  • Bustling social scene
  • Accelerated development in the neighboring areas like Mohali, Panchkula, Dera Bassi and Zirakpur
  • Higher disposable incomes
  • Good connectivity to nearby states
  • Thriving business environment
  • High availability of land for development
  • Availability of qualified manpower
  • High standard of living

The rates for commercial and industrial property in Chandigarh have been rising over the last few years but the state of residential property presents a stark contrast. As a result of increased development and over supply, the rates in this segment are at an all time low. This spells an advantageous position for buyers who can definitely make the most of this situation to settle here or buy property for investment purposes.


Latest Developments


Chandigarh has become a hot destination for the IT and ITES sector as well, with many companies setting up their base in this city. With the establishment of the IT Park at Mohali and the prestigious Chandigarh Technology Park (CTP) at Manimajra, the situation looks very good for the coming years as well. Needless to say, the reason for such growth has been fueled by the availability of land, low real estate costs and excellent connectivity to the neighboring states. Chandigarh already had the designation of being the first planned city in India and with the latest developments taking place; this name is set to evolve further into the most popular city to live in the coming years.

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9 Comments

  • Admin

    Harman

    06 February, 2021 at 2:27 pm

    People who are looking to buy flat in Chandigarh Tricity have a great location advantages whether they buy an apartment in Mohali or in Zirakpur. One can have smooth connectivity with prominent locations in the region.

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  • Admin

    Sanjeev Kumar

    02 September, 2020 at 3:33 pm

    its very good information you give in this article sir.

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  • Admin

    Estate Drive

    04 February, 2020 at 11:42 am

    Yes, Chandigarh is the best location, if you are planning to buy property in Chandigarh.

    Cancel Reply

  • Admin

    good dealers

    21 January, 2020 at 3:14 pm

    Thanks for sharing your services & information.

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  • Admin

    Reconsult advisory services

    30 June, 2019 at 1:28 pm

    Good Blog, Can you complete analysis of Property in Chandigarh?

    Cancel Reply

  • Admin

    Amit Kapur

    01 May, 2019 at 6:54 pm

    Absolutely the Chandigarh is the estate destination. You have very nicely shared all the points in this blog post.

    Cancel Reply

  • Admin

    kamlesh

    17 November, 2017 at 6:03 pm

    If you are looking property in Mohali area then purchase plots in IT City Mohali is best options as a investment point of view of also for personal use. It is plan by GMADA & fully developed by L&T.

    Cancel Reply

  • Admin

    Domain name hosting

    17 February, 2011 at 12:31 pm

    Really chandigarh is very good city and it is also a great IT hub. Thanks for providing this interesting information subject about chandigarh.

    Cancel Reply

  • Admin

    flash hard drives

    30 January, 2011 at 11:01 pm

    Thanks for that, incredibly interesting on the subject. I will do some more searches for Chandigarh: The Next Real Estate Destination Real Estate India - Property Guide

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