Barren lands and underdeveloped infrastructures were a thing of the past; Chandigarh is now all about great infrastructure coupled with high-end residential and commercial spaces. Thus numerous people from all around the country get attracted to this city, and this has contributed to the upsurge in the real estate market.
The business expansion opportunities have encouraged MNCs, and other big players to enter the market and set up offices and headquarters. There is no doubt the commercial real estate sector has also seen a surge in demand for the past few years. Overall the real estate market in Chandigarh seems ripe.
With more and more people choosing to settle in Chandigarh, there would be a huge rise in demand for residential properties, and this is the reason why developers, both large and small have already announced the development of projects that would be targeted towards the affordable and mid segment. So if you want to get good returns from real estate investments, it is the best time to buy residential property in Chandigarh. Here are the reasons why:
Rapidly growing infrastructure has contributed to the growth of the real estate market in Chandigarh. The proposed projects such as metro rail project linking Secretariat and Aerocity are the main reasons for the increase in real estate demand. Road connectivity has also been improved for better transportation. The nearby cities such as Delhi, etc. can be reached within a few hours; so residents will have easy access to all the amenities and facilities offered by the main cities. The upcoming golf course, and the Knowledge City have also contributed to the increase in demand for residential and commercial properties.
Best Planned City
If you are looking forward to leading a peaceful community life, you can find no better place than Chandigarh. The city is well planned and is under the influence of an efficient & responsive Administration, so the issues get solved quickly. It is also one of the cleanest and greenest cities in India so that you can lead a healthy life. Chandigarh also offers excellent educational, employment, and recreational opportunities; so the residents can lead a happy and satisfying life.
Investing in properties in areas such as Mohali, Dera Bassi, Mullanpur, Zirakpur and Ambala Highway would be the most profitable since these areas score high in all the factors that result in high appreciation. Moreover, with more big shots such as Infosys, DELL, etc. planning to invest in Chandigarh, the scenario is expected to improve further.
So if you want to make huge profits, keep an eye on the ads regarding property for sale in Chandigarh posted by various property developers and agents to be able to find the best properties to invest in. The choices are never ending since numerous developers have announced the development of residential and commercial project across the city, but you need to invest in a property that best suits your needs. With the local government taking initiatives turn Chandigarh into a smart city; the real estate market is set to experience a boom shortly.