Real Estate Market In Chandigarh: An Overview

Chandigarh, hailed as "The City Beautiful" for its picturesque sites, is a union territory serving the capital of two states. The city is prosperous, with well developed infrastructure, excellent intercity and intra-city connectivity and a flourishing economy. These factors make it one of the most favored destinations for real estate investment in India. The following section introduces you with the salient features of real estate micro market in Chandigarh.

• Buyers Prefer Plots To Flats: A trend that has been observed in the real estate market of Chandigarh is that buyers prefer to invest in plots rather than flats. The same can be attributed to the flexibility of constructing a commercial or residential building over the land in future.
• Huge Investment Appetite: Studies have shown that investors are fairly bullish when they invest in real estate market in Chandigarh. They are confident of better returns over the years owing to the decent rate of capital appreciation. All these factors keep the investment sentiments high and eventually lead to a boom in the sector.
• Mullanpur Deserves Special Mention: When referring to the realty sector in Chandigarh, it becomes imperative to discuss the growing stature of Mullanpur. It has also been tagged as the "New Chandigarh". Because of its strategic location in proximity to PGI hospital, Punjab University and several posh locations, it is really a destination to watch out for the investors. Plots in the region have been priced somewhere around 25000 to 35000 per square yard.
• Robust Infrastructure: Chandigarh is known for its well planned roads and excellent infrastructural facilities. This lures in buyers for both commercial and residential properties. One of the features of commercial spaces in the city is shop-cum-office which is an exciting prospects for those who seek cost cutting in business endeavors.

Besides, metro rail project is in the pipeline and will soon be fueling the transportation system in Chandigarh. Overall, it can be said that Chandigarh has a lot to offer to both the home buyers and investors.

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