Invest in Chandigarh real estate for higher returns


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Invest in Chandigarh real estate for higher returns Known as one of the well- planned cities of India, Chandigarh real estate has evolved as one of the alternate real estate hotspot for investors and end – user buyers, across Delhi- NCR. Although the buying pattern of buyers have witnessed a transformation over the years. Earlier the people were interested in plotted development but now, there is a standard shift towards residential flats in Chandigarh. As the city is saturated with excessive independent houses and high end residential projects, a large section of mid- income segment home buyers favor locations such as Zirakpur, Kharar- Landran road and new Chandigarh owning to their lower capital rates.

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Affordable housing took Chandigarh city by storm, infrastructure development and lower land rates towards peripheries, triggered the residential development. As there is sudden increase in the housing project, homebuyers were spoiled for choices and offered healthy negotiations. So, if you are looking for investment in real estate or buying a flat in Chandigarh then here are few places you should surely give a thought for buying a property. New Chandigarh Of late one of the most promising areas in Chandigarh, known as, Mullanpu that has witnessed an impressive realty growth over last few years. Within 3 km from the city center, the place has gathered a healthy traction on account of its social infrastructure, amenities and great connectivity to major roads including Madhya Marg, Punjab University and PGI. Both Mid – segment and premium segment offering is easily accessible. Most of the housing projects offer 2 &3BHK flats in new Chandigarh with in a budget of 30 – 70 lakhs, and expected to experience an appreciation of 40- 60 percent in next few years. Zirakpur Zirakpur is a micro- market that is expected to attract homebuyers and investor demand in 2017 and thereafter. The place in well connected to Chandigarh central business district (CBD). Ring road of zikarpur has also helped in enhancing the connectivity, not only with the city but also to the neighboring places like Shimla. Zikarpur has witnessed completion of big projects and affordable projects surpassing supply of premium residential developments. Not only residential but commercial projects like centrum – which is an integrated lifestyle and architectural marvel, offered by the renowned GBP groups has also helped to raise the value of the place. Centrum is a mixed use project offering commercial spaces including Showrooms, Office Space, Studios, SOHO (Small Office Home Office), Food Court, Hotel Room, Restaurant, Pub, SPA in Zirakpur. So if you are looking to invest and buy a property in Chandigarh then you surely can’t ignore the offering of these two places. Experts believe Zirakpur is also expected to witness average annual capital appreciation by 30 – 40 percent in next five years.

Summary: Earlier the people were interested in plotted development but now, there is a standard shift towards residential flats in Chandigarh.

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