subject: Chandigarh Real Estate Witnessing A Boom In The Realty Market [print this page] Chandigarh, popularly termed as the City Beautiful is one of the favored destinations to invest in real estate, with its world famous architecture and planned infrastructure, and clean environment merged together. With easy of connectivity to the neighboring states and the capital Delhi, it makes a preferred choice for most business centers.
Huge investments are being made to establish this city as a major IT hub. Numerous multinational companies are competing against each other to get hold of the most prime locations to set up their offices in this city. Other companies trying to move in may find it difficult to set their foot as the real estate prices has soared high and most of it has actually been sold out. Individuals who have invested in real estate Chandigarh few years ago are reaping the benefits now. Real estate prices in the posh areas of the city have almost doubled, thereby offering huge proceeds for the owners. In fact, there is hardly any property available on sale in these locations, and the ones which have already been developed are very expensive.
The property rates at prime locations of Chandigarh have gone so high that they can now be compared with property in metropolitan cities such as Delhi, Bangalore and Mumbai. The value of these properties is very high due to the presence of high end malls, central business circuits, government offices etc. Some of the prime locations include Sector 17, Sector 21 and Sector 5, the value of real estate in these sectors may range from 3500 to 4500 INR per square feet. The rent for a 3BHK flat would be anywhere around 10,000 to 15000 INR.
The immense development in Chandigarh real estate has been outstanding. To buy or rent a property around the city has become a usual activity in the recent days. Many high-end investors like NRIs are interested to put their wealth in the citys infrastructure as lucrative investment options. In the neighboring areas of Mohali, Zirakpur and Panchkula, the properties are being sold like hot cakes and it is almost fully occupied now.
Locating a Chandigarh based property dealer can be quite easy by searching through yellow pages and classifieds in newspapers. Individuals may also seek referral of reliable property dealers Chandigarh from friends and colleagues. Undeniably, the demand for both residential and commercial properties in and around Chandigarh is rising. With commencement of Rajiv Gandhi Technology Park, Chandigarh has attracted several IT companies and those companies are providing innumerable job options for young professionals.
The city blessed with picturesque locations and peaceful surroundings is really captivating. Chandigarh is not only known for its peaceful environment and good infrastructure, but the city boasts of having some of the finest restaurants, discotheques, night clubs, pubs, and multiplexes in the region. The real estate market in Chandigarh is continuously rising with each passing day, and it is the perfect time to invest in a property in a prime location.
To find experienced real estate agents Chandigarh can be helpful for the buyers. Individuals need to plan their budget before they make investment in Chandigarh property. The prime task is to decide a location that suits best.
