CHANDIGARH Real Estate
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CHANDIGARH Real Estate
Chandigarh is one of the hottest destinations from all real estate perspective. It has been recently voted as the 'best city to live in' by a popular magazine. Chandigarh deserves this tag for many reasons
1. Well planned infrastructure - Chandigarh is known for its architecture, wide roads, well-spaced out lanes and ambient environment. The expansions and extensions to various sectors are always well-planned.
2. Strategic location - The city is administrative, political and cultural nerve centre for Punjab and Haryana. The city has the magnanimity of a big city but still retains the coziness of a small town. It is also the gateway to north India. It makes lot of strategic and business sense for all firms to have their outlets/offices in Chandigarh.
3. New Developments - Chandigarh is opening up to the real estate changing trends. The city had just opened Rajiv Gandhi Chandigarh Technology Park. This park, perk over an area of 111 acres, is a destination for top IT/ITES/BPO companies.
Chandigarh is known for its kothis. Traditionlly, people usually build huge, lavish, palatial houses known as kothis which are 2-3 storey tall multi-apartment structures. Now, Chandigarh is shrugging its 'uniformly-developed-city' tag to pave way for new segments like luxury homes, studio apartments and individual flats. The traditional residential sectors like 21, 22, 24 are witnessing remodeling of traditional 'kothis' into individual flats.
Also, new constructions in neighbouring areas like Panchkula, Mohali and Zirakpur are witnessing a boom in the demand for individual housing as compared to the composite 2-BHK or 3 BHK. This demand has been fuelled by the migratory population. The city's is no longer an abode of the retired army people. In fact young professionals and students from nearby areas of Punjab, Haryana, Himachal Pradesh and even Delhi flock to Chandigarh in search of better lifestyle and good infrastructure at affordable costs.
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