subject: Chandigarh Real Estate Growing Fast And Thereby Changing The Face Of The City [print this page] Chandigarh, being designed by French architect Le Corbusier has become one of the famous Indias first planned city and is a Union Territory serving as a capital of Punjab and Haryana. This city is ushering a new way to develop new segments for the studio apartments, luxurious homes and individual flats. This city is recognized to be the fastest growing cities in the nation and has developed to be the biggest IT hub in India. With a very sound infrastructure, this city has become the favorite destination for starting up a business. As new and new companies are coming up in the city, the prospect for the rise in the job is also soaring high.
City planning is the best thing about the place, thereby making the place more popular and hence resulted in the rise in the demand of property in Chandigarh. Since the place is blessed with latest technologies, there are many luxury homes for sale. In the wake of the rise in the development of the IT firms over here has coupled with the cropping up of new business firms in Chandigarh. As a result more and more people are coming to this place in search of a good job. As a matter of fact the demand for the properties in Chandigarh is ever on the rise. With the rise in the population of the place it is not only the commercial property that is so much in demand, but the residential properties are also in same demand.
The residential property in Chandigarh are observed to reach the skyline horizon. This city is ushering a new way to develop the new segments especially for the individual flats, luxurious homes, as well as the studio apartments. Some of the residential sectors like Sectors 21, 22, 24 are seen to get remodeled from kothis to the individual flats. The reason why the Chandigarh real estate has gained tremendous importance is because of the fast growth of the residential as well as the economic sector. Zirakpur is known to be a hot destination in terms of investing in the properties, which is maintaining an average rise of 10-12% in every six months from the past two years.
The demand of luxurious apartments in Chandigarh real estate are seen to be boosting due to the perpetually rising lifestyle of the individuals. As the living standard for the individuals living in metropolitan cities has been increased, hence the demand of luxurious Property for Sale in Chandigarh is being seen to increase at the fastest pace. There are typically 2 facts behind the increasing craze of purchasing apartments in Chandigarh. Due to the fast developing prospects of realty sector, a lot of individuals are showing their crucial concern in purchasing apartments in Chandigarh. Compared to the premium ones, the upcoming residential property in Chandigarh are seen to be concentrated in the affordable segment. According to Saini, new projects has been launched with the price range of Rs 20-40 lakh and hence are witnessing good number of transactions. Omaxe Ltd, DLF Ltd, Infrastructure Projects Ltd,Ansal API, etc are some of the well known developers who have launched their properties in the areas of Dera Bassi, Zirakhpur, Panchkula,Kasauli Road, Kharar-Landran Road. Some of the upcoming residential property in Chandigarh that are offering apartments from 1 to 5 BHK are from Sushma Grande, Ansal Housing, Surya Towers, Nirmal Chhaya Tower, Aero Homes, Savitry greens, Trishla City, etc. Vinod Kumar, a property dealer from VK Estates states that most of these apartments have already sold out and are available with premium of more than 15%. The current capital values of apartment ranging from Rs 2,500-4,000 per sq ft is very much affordable as compared to other upscale localities of Chandigarh.
