Chandigarh is indeed a beautiful city, offering a modern and healthy lifestyle. But its peripheral regions are no less, that is expanded over a radius of 44 km. the peripheral localities include Mohali, Panchkula and Zirakpur that are bustling with real estate developments. Since the Chandigarh Periphery Controlled area was developed for a planned expansion of the New Capital City of Chandigarh in future.
According to the Chandigarh Master Plan (CMP) 2031, a systematic development has been planned through separated urban zones, residential areas, institutional zones and industrial parks while improving the socio-infrastructure.
The outskirts of Chandigarh have quite a lot of options for investments in different budget categories and different sizes like 2/3 bhk apartments in Mohali to villas, meant for everyone.
Let’s understand the realty scene in these areas.
Mohali is among the fastest-growing IT hubs in northern India. The city has played a major role in the growth and development of Punjab’s real estate. Mohali real estate market offers a variety of properties including flats in societies, luxury villas as well as independent houses. The market is apt for working-class looking for 1 or 2 bhk apartments in Mohali. Infrastructure developments in Mohali play a crucial role in improving the real estate condition of the region. Several big real estate players such as ATS Infrastructure, DLF, Parsavnath Builders, EMMAR-MGF, Ansal Buildwell and Omaxe Construction to name a few already have their projects in place in the city.
Panchkula real estate sector can be termed as a high-end market for those buyers looking to purchase bungalows with a price range between Rs 5-10 crore. It’s a well-developed township featuring ample of bungalows, kothis and villas. Like Chad=ndigarh, Panchkula boast of broad and well-planned roads, well divided into the sector and each sector being fully equipped with all amenities like parks, market places etc. the buyers here are specifically interested in buying plots and then construct their properties as per their preferences. Panchkula offers great connectivity with the neighbouring region as it shares its border with Mohali, Chandigarh, Ambala districts and Solan.
Zirakpur is the ideal address for those looking for affordable housing option with price range starting from Rs 20 lakh. Located along the Chandigarh-Delhi Highway, it is among the fastest-growing town near Chandigarh. Due to its location and lower price range of property for sale in Zirakpur as compared to Delhi/ NCR region, it gets a lot of investors from Delhi and Haryana. Here buyers can easily get a 3 bhk flats in Zirakpur in an affordable price range without hurting their pocket. Presently, Zirakpur is primarily dominated by local real estate players. It’s a little unplanned but it has a great potential of becoming the next real estate hotspot due to its infrastructural development and location.
Hence if you are looking to settle or invest in Chandigarh region then do think about the region it is outskirts to earn a good and profitable deal.
By Aditi Saxena
who is a guest blogger and content writer for four years. I love to write about real estate, finance and education. In my free time I write answers on Quora.