Chandigarh

Property in Chandigarh: Why This Planned City Is a Smart Real Estate Choice

09 Apr, 2023 939 Views
Property in Chandigarh

The Dream City Chandigarh.

Chandigarh,​‍​‌‍​‍‌​‍​‌‍​‍‌ lovingly referred to as The Dream City, is the most elegant urban creation of India that has been planned in detail. It is the city of Le Corbusier that is a blend of architectural brilliance, lush green trees, strictness, and a slow peaceful flow of life - the qualities which are attracting housing buyers, families, NRIs, and the investors continually. With the passage of time, real estate in Chandigarh has become one of the most stable and top-end markets in the North of India, backed by its well-planned sector-wise layout, strong social infrastructure, commercial development, and the growth of Tri-City with Mohali and Panchkula.

Chandigarh’s Modern Urban Identity & Planned City Design

Each sector works like a separate community having its own parks, markets, schools, and public services. Chandigarh’s calm and breathable urban atmosphere is further supported by such landmarks as Sukhna Lake, Rock Garden, Rose Garden, Capitol Complex, and vast green belts. The affluent sectors for example 7, 8, 9, 10, 15, and 16 exhibit beautiful architectonic structures, villa-type independent homes, and an unmatched openness - the factors which go a long way in increasing the living standards of the city. Such systematic planning also gives a sense of security to the buyers who are purchasing through online platforms like LandKhoj and LandKhoj.com and are looking for long-term trustworthiness.

Connectivity & Regional Access Strengthening Chandigarh Real Estate

One major factor in the region's investment attractiveness is the good connectivity of Chandigarh. The region is linked to major metros as well as other international airports through Chandigarh International Airport (Mohali). NH-44 offers very good connectivity to Delhi whereas the roads to Shimla, Kasauli, Ludhiana, and Amritsar are equally good for tourism and trade. The road network of the Tri-City is so good that one can travel very quickly between Chandigarh, Mohali, and Panchkula thus the demand for both the residential and commercial sectors keeps on growing.

Chandigarh Connectivity Overview

Connectivity Element

Benefit

International Airport

High NRI demand & premium real estate growth

NH-44

Fast Delhi–Chandigarh connectivity

Railway Station

Shatabdi & Vande Bharat links

Tri-City Network

Shared job markets & easy mobility

Residential Growth in The Dream City Chandigarh

Residential​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌ trends in Chandigarh are indicating that the city is not going through any major changes and is somewhat stable. The major areas of the city like sectors 7, 8, 9, 10, 15, 16, 21, and 35 are the places where the demand for housing is still going up as these places enjoy good road and transport facilities and have a high standard of living.

Meanwhile, Mohali, New Chandigarh (Mullanpur), Zirakpur, and Panchkula are the areas where development of modern gated societies and high-rise townships has been done, and the constructions have been done by reputed developers like Omaxe, DLF, GMADA, ATS, Hero Homes, and Sushma Group. As a result, because of better affordability and the latest amenities, such new localities are becoming the choice of young families, IT professionals, doctors, and ​‍​‌‍​‍‌​‍​‌‍​‍‌NRIs.

Residential Snapshot

Segment

Highlights

Premium Sectors

7, 8, 9, 10, 15

Mid-Range

32, 33, 35, 40, 44

Townships

Mohali & New Chandigarh

Key Developers

Omaxe, DLF, ATS, GMADA

Healthcare, Education & Public Infrastructure Boosting Liveability

Liveability of Chandigarh is supported by the presence of world-class institutions. PGIMER, GMCH-32, Fortis Mohali, and Max Hospital are the places where people can receive advanced medical care. Additionally, the best schools including St. John’s, Sacred Heart, and DPS Chandigarh along with being the best higher institutions such as Panjab University, PEC, and IIM Chandigarh, are the major points that have led to the influx of residential demand from Indian families. Public​‍​‌‍​‍‌​‍​‌‍​‍‌ services like water supply, roads, parks, and street lighting are effectively managed, thus, ensuring a safe and peaceful way of ​​living.

Social Infrastructure Overview

Category

Key Names

Hospitals

PGIMER, Fortis Mohali, Max Hospital

Schools

St. John’s, DPS, Sacred Heart

Universities

Panjab University, PEC, IIM Chandigarh

Recreation

Sukhna Lake, Rock Garden, Elante Mall

Lifestyle, Shopping & Recreation in Chandigarh

The lifestyle of Chandigarh is one of the major factors of its real estate appeal. Sector 17 Plaza is always the cultural focus of the city whereas Elante Mall acts as a modern lifestyle destination where global brands, restaurants, multiplexes, and the zones of entertainment are available. Food lovers can enjoy the café and microbrewery culture in Sector 26 where there are such popular names as Whistling Duck, Cafe JC’s, and Boathouse. The​‍​‌‍​‍‌​‍​‌‍​‍‌ pleasure parks such as Sukhna Lake, Japanese Garden, and Terraced Garden have been some of the major contributors to the outward way of life becoming an integral part of the local people's lives.

Investment Opportunities & Future Growth Potential

As the land is in short supply and is of premium quality, Chandigarh is a place that provides long-term value. On the other hand, the IT City, Aerocity, Ecocity, and New Chandigarh are the areas that are gradually turning into the strongest investment corridors in Mohali with the attraction of modern amenities and better affordability. The presence of corporate hubs, IT companies, hospitals, and universities is like a ladder leading to rental income that is more or less steady and appreciation that is stable, thus making the overall Chandigarh housing market more powerful.

Conclusion

By providing planned development, lifestyle comfort, strong infrastructure, and continuous real estate growth, Chandigarh is still going to prove that it is The Dream City. With more job opportunities, increased demand in the Tri-City area, best schools, world-class healthcare facilities, and peaceful quality of life, the city is becoming one of the safest and most attractive real estate destinations in ​‍​‌‍​‍‌​‍​‌‍​‍‌India. If buyers and investors are looking for opportunities on LandKhoj or LandKhoj.com, they will realize that Chandigarh is a perfect combination of nature, equilibrium, and long-term ​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌value.