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Big Advantage to Invest in Chandigarh Property

Chandigarh Commercial Property

Chandigarh Commercial Property

Chandigarh is the capital of both Punjab and Haryana. It is one of the first few planned cities of India. As per the report released by the International Institute of Environment and Development, this city is placed at number four among the fastest growing cities in India.

Chandigarh properties have been witnessing immense growth in spite of restrictions on constructions here. The constructions here had been far from environmental norms. But still the real estate developers are able to expand the property sector here by new ways.

The new developers are concentrating in building modern apartments. These residential apartments are constructed with a view of providing facilities like swimming pool, kids play area, gymnasium, community hall, badminton court etc. And of course, most of the apartments in Chandigarh are accessible at economical interest rates and EMI options.

Chandigarh Residential Property

A lot many real estate developers are coming forward to invest in the property sector in Chandigarh with a view of making residential properties in the city. These residential projects include villas, farm houses, condominiums and townships.

Some of the forthcoming major housing projects in and around Chandigarh are Nirmal Chhaya Towers: It is a residential apartments project situated at VIP road and is close to Ambala-Chandigarh Highway. It constitutes 771 apartments with 2/3/4/5 bedroom and 70% open green area. Residency, Mohali, located near Chandigarh: It is a group housing project, which provide amenities of modern-lifestyle in its well-integrated flat.

Many IT companies have come there and have opened their offices to expand their horizons. The list includes Infosys, Tech Mahindra, IBM, Dell, Cognizant etc. Because of foray of IT and ITes majors in Chandigarh, one can see a lot of variation in prices of Chandigarh properties ranging from moderate to very high. For example rentals at sector 19 are at Rs 90/- per sq ft a month. If we move to sector 22, it is quite moderate at Rs 6-7 per sq ft and on the other hand, the value at sector17 and 19 is at Rs10-11,000 per sq ft.

Chandigarh Real Estate Growth

The growth of real estate in Chandigarh has been unbelievable. Buying property in and around the city is rising in the present time. Though earlier this activity of buying and selling property in Chandigarh was a fussy job because of some legal formalities but now it has been made easier by the Chandigarh Housing Board (CHB).

Chandigarh real estate is mainly ride by investors than the end users. Good connectivity, enough available land and low operational costs are some of the factors that make Chandigarh properties a luring investment segment. There is an advantage of investing in Chandigarh real estate in terms of low investment when compared with metro cities and yet providing equivalent rentals.

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