Chandigarh, the Union Territory, stands high on the real estate charts,
most of the factors being in its favor. Ranking second highest in terms
of per capita income, the city easily attracts people to invest in
property here. In spite of not being exactly a metropolitan, the buying
trends have shown positive results. Let’s see what makes the city a
lucrative option for property buyers.

Though the city has many rural and under-developed areas like Butela
and Attawa, investment in property could be a nice option, the reason
being that these localities have recently been incorporated into the
jurisdiction of municipality, thus raising the living standard here .
Buying a property in Chandigarh can give a leverage to you as the city’s
quality living standards and relatively low levels of pollution.

The other factors that go in a buyer’s favor while buying Chandigarh
property include well-planned infrastructure, easy accessibility via
roads, and upcoming projects that intend to bring tech parks, airports,
hotels into being in the coming years. A few hotels have been planned to
come up in places like Panchkula, thus adding to much desired amenities
by a person living in Delhi, Haryana, Gurgaon and planning to relocate
to the city.

The real estate scenario in Chandigarh over the
last one year saw a marked shifting, with the price per square feet
having grown by 8.84%. This upward surge is an indication that buyers as
well as developers have shown interest in the city. In places like
Mullanpur, the buyers can seem interested in investment in properties in
Chandigarh. The proposed construction of an expressway and the
proximity of the area to hospitals and educational institutes makes the
condition all the more favorable.

Having a well-planned design of roads and houses, being carved by the
intellects like Le Corbusier, Chandigarh real estate continues to tread a
positive trend. Buying a plot here rather than a flat or apartment is
more preferable: local residents find it more profitable to do buy a
plot first and then construct the house as per their needs. The
residents are more likely to have spacious house, so buying a plot first
as a property in Chandigarh seems better to them. With the presence of
Rajiv Gandhi Chandigarh Technology park in Zirakpur, the number of
companies that have come into being has increased manifold. Thousands of
people work here, thus making Zirkapur a preffered location for buying a
flat here.

In the nutshell, we can say that the ball is city’s
court as far as real estate is concerned. To buy properties in
Chandigarh, surf a few real estate sites and search for the type of
property you have been looking for. At Makaan.com, India’s fastest
growing property website, you can find residential and commercial
complexes available for buying and hiring for rent.