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The Booming Realty Sector of Chandigarh

If you are a nature lover and want to stay in a metropolis that is not just cleaner and greener, but also spacious and well planned, then Chandigarh is surely the place that you must look forward to. The City Beautiful has been aptly named, considering the well-planned construction because of which you get a cleaner environment in this city. Owing to this fact, Chandigarh has managed to become the most sought after city in the country to live.

Flats in Chandigarh are quite popular. Considering the large number of students and employees who relocate to the city, apartment in Chandigarh are sure to get more popularity and hence the shoot up in the prices is expected with each passing day. There are several residential societies that have been developed in and around the city. Therefore, finding a flat here is not a problem. In fact, depending upon your budget as well as your choices and needs, you can find dream home for yourself.

apartment in chandigarh

Buying Flats And Apartments: The Preferable Option!

Chandigarh has witnessed rapid commercialization over the past few years. A number of educational institutions of national significance have been set up here. Along with this, a lot of IT companies and MNCs have opened up their offices at this place. Therefore, the idea of buying a flat in Chandigarh interests most of the migrants, employees and even students. With state and national government giving a nod to the construction of Chandigarh metro and the proposal for the development of an International Airport, one can assume that the level of infrastructure would be high in the city, making it the most preferable metropolises in the country.

A number of private builders and investors have cropped up in this region. Although most of the middle Chandigarh is full of regular houses, areas like sector 48, 61 and 56 display a strong appetite for investment, with a number of housing complexes and apartments ready for possession. These apartment complexes have several facilties like overhead parking, parks, grounds, water and electricity supply, backup, and security to name a few.

Living in flats: Comfort or Trend in Chandigarh?

Chandigarh has expanded with each passing day and a number of properties have built in and around areas like Mullanpur, Greater Mohali, Zirakpur and particularly Panchkula, as these townships are a part of Chandigarh itself. The need for spacious houses has inspired the builders to construct residential properties with 3BHK and 4BHK flats to serve the growing demand. The city has been developed in 3 phases and every sector has been given at least 250 acres to ensure commercial development- so the latest complexes and societies also follow the similar pattern making every real estate development look so homogenous and in sync. The rates of these areas range from 4000 rupees per square feet to around INR 18000 per square feet. Therefore, a good 1800 sq ft apartment might cost you around INR 50 to 60 lakh along with facilities like parking, gyms, parks and in society hospital.

The growth in residential real estate of Chandigarh is complemented by the growth in commercial real estate which is increasing the property prices with each passing day. So, if you are planning on investing or owning a property in this city, then this is the high time. Otherwise, the property prices would keep on booming and would go beyond your budget.

Zara writes on behalf of 99acres.com. An Online Property Portal offers buying, selling and renting in Indian real estate domain. It also provides Information on residential and commercial properties, apartments, Flats in Chandigarh, rental homes etc.

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