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An Overview of the Chandigarh Real Estate Market

Chandigarh is unique in its own way. It is one of the seven union territories of India that also serves as the capital of two states simultaneously. Being the capital of Punjab as well as Haryana, this city has a mixed culture of both these Indian states. With three government bases located in the city, a number of people retiring from these government offices and armed forces reside in here, making this city a ‘Pensioner’s Paradise’.


Infrastructure & Connectivity
Chandigarh, being the first planned city of India post-independence, has always been on the top in terms of urban and modern development. It was planned by the French architect Le Corbusier who has made the city praiseworthy. The city is well-connected to all the cities and states of the northern India via the roadways. The construction of Metro work which will be completed by the end of 2018 would make traveling within the city, even more, easier. Apart from that, Chandigarh also has its own airport that provides seamless connectivity to the different parts of the country and even the world now.


The population of Chandigarh was estimated to be 1,054,686 in the year 2011 by the Indian Census. However, this population grew at an annual rate of 3-4%. The population of this city in 2016 was estimated to be around 1,165,565. The literacy rate of the city is almost at par with other metro cities at 86.77%. Talking about the sex ratio of this city, there are 829 females for every 1000 male in this country. Earlier, in the year 2011, this sex ratio was merely 818.


Life Style
Rated as the ‘Wealthiest Town’ of India and the third largest deposit center by The Reserve Bank of India, Chandigarh sure has a large wealth tucked inside its chest. The people of this city love to live a lavish life. There are a number of markets and shopping complexes in the city; Sector-17 being the hub of all the city’s entertainment. Apart from that, the Rock Garden, Leisure Valley and Sukhna Lake attract the people of this city and even from outside. Shopping malls like Elante and North County Mall are other hangout places. You can witness a number of musical fests going on in the city that would get your feet grooving.


Key localities in Chandigarh
Every city has its own share of best and worst localities to dwell. Chandigarh real estate is dotted with a number of key localities where people love to invest their money because of the amazing society, seamless connectivity and the great prices. The key localities in the treasure box of Chandigarh properties are given here: Sector 20, Sector 26, Sector 48, Sector 17, VIP Road, Dhakoli, Kharar, Zirakpur, Dera Bassi, Panchkula, etc.


Real Estate Market
Builders are the main reason behind any city’s infrastructural development. Whether you are looking for posh villas or want a house for investment that offers great returns, the builders in this city can always be seen open with hoardings like “Property for Sale in Chandigarh”.  Read on to find out the top builders that have been instrumental in changing the face of real estate in Chandigarh: ATS, Suncity, Palm Hills, DLF, Reputed Builders, GBP Builder, Unitech, Barnala, Parsvnath and more.


Projects in Chandigarh
There are a number of projects in Chandigarh that are coming up to fulfill the property needs of its dwellers. You can find all types of properties in this city from luxurious villas and duplexes to affordable apartments and flats. The builders deliver various projects that fulfill the residential as well as the commercial property need of its people.


Govt Projects in Chandigarh
The Chandigarh Housing Board is all set to launch various housing schemes in the year 2017 for the benefit for everyone. There would be total 263 flats, of which 27 flats of 3BHK type, 102 units of 2BHK type and 60 flats for LIG (1BHK) and 74 units for LIG would be available in Sector-51 and other parts of the city. Hi! Searching for Property? Let's Chat