Chandigarh is the popular union territory of India which establishes as the capital of two states – Punjab and Haryana. The city holds the crown of first well planned town of India known across the world for great urban design and architecture. In the past few years the city has emerged as a preferred destination for the launch of residential and commercial property. Due to which it has been ranked number four among the active and fast developing city. The sound economy and money making offerings have given the pace for demand of residential flats in Chandigarh.
Residential Property in Chandigarh is much in demand as more and more developers are coming up with lucrative property options in the area. Chandigarh’s conducive atmosphere has catalyzed high investments in residential and commercial properties. The demand for residential real estate in the Chandigarh’s tri-city area of Mohali, Panchkula and Chandigarh has undergone a sea change in the recent times.
Chandigarh has always been on the top for its constant real estate activities that is happening all the times. The locality that are in high demand for property includes Kharar, Greater Mohali, Manimajra,and Baltana. Many reputed builders of county like Unitech, Ansal, DLF, Omaxe and Parsvnath have launched their projects in suburb. The area has high supply of affordable housing which attracts large number of mid-segment buyers. New upcoming residential sectors have driven the setup of IT and ITes companies. The major chunks of working professionals resides in the nearby area of IT Park. The demand for 2 BHK and 3 BHK apartments are high in such locality. Some of the residential projects which are ready to move in are retaining the attention of high income group buyers. These apartments offers world class amenities and facilities to the end users. The 1 BHK flats/ studio apartments are also popular among the young professional who are looking to buy for the first time.