Real Estate Market Growth in Chandigarh

Chandigarh in a nation is one of the fastest growing cities. Chandigarh has shown signs of rapid growth. Chandigarh is a well-designed city, and has been neatly divided into 46 sectors. The infrastructure and facilities are very good, though the growth of population has put a strain on these resources. All the sectors of the real estate industry are well developed, with residential, commercial and industrial properties getting the bulk of the focus. A number of development companies and builders are investing here as investment in residential and commercial projects is extremely viable. Moreover being well connected with Delhi and the NCR by the fastest means available, has led to the frenzied rush for investing Chandigarh's real estate market.

Real estate in Chandigarh is considered one of the best residential ventures by the Indian government. The city has seen a large number of people moving into the city and hence creating a demand for proper housing facilities in real estate Chandigarh. Builders and property developers have been prompt to convert this demand. Property in Chandigarh commands a place among the best investment properties in India. Chandigarh properties have always been high on demand.

Chandigarh, the city that is more popular for its modernism and architecture is ready to jump into the technology bandwagon. There has been a great boom of real estate in Chandigarh properties. The city is offering the right atmosphere to most it companies and they are looking forward to spread their wings here. The list includes the name of some it biggies such as IBM, Dell, Cognizant, Mphasis and Satyam who are considering about making good investments in Chandigarh. In fact, many of them have already taken their place in the city. Such a tremendous industrial growth has contributed to the escalation of residential property rates. The Chandigarh property rates have already grown high and are still growing. It is indeed the right time to invest and reap the fruits of investment.

Chandigarh's regional boundaries have gradually increased to accommodate a number of settlements from Punjab, Haryana, and Himachal Pradesh. Thus intensive real estate development is taking place in Mohali, Panchkula, Zirakpur and Dera Bassi.

Presence of branded and established developer's like Omaxe and DLF has worked as a catalyst to transform real estate market of Mullanpur. It is now heralded as the new satellite township of Chandigarh, closely following Panchkula and Mohali.

DLF township project is where the dream comes true and once the project is complete, Mullanpur will in true essence be the “new Chandigarh” as this area has been renamed, the most happening satellite town of Chandigarh. Dlf new project DFL Hyde Park is prominently located in the close proximity to the city of Chandigarh on Madhya Marg along the operational Chandigarh-Baddi road, eight kms from Post Graduate Institute (PGI)/ Punjab University.

New Chandigarh poised to be Punjab's most modern & forward cities that will house some of the biggest and the best amenities in terms of land infrastructure, medical facilities, commercial establishments, corporate environment, educational institutions, recreational and sports facilities and most importantly, lifestyle that is aspirational. It is a green sustainable project designed to suit the aesthetics of Punjabi culture with contemporary look and feel.

Chandigarh is one of the hot and happening destinations from all real estate points of view. It has been lately nominated as 'the best city to live in' by a popular journal. Chandigarh is well-known for its structural design, broad roads, well spaced out tracks and ambient atmosphere. The developments and extensions to a variety of areas are for all time well designed.