How Zirakpur Is Becoming The Hotspot For Residential Market

The demand for residential properties is growing in Zirakpur, as it’s becoming a hotspot for it. The demands of the people are met with the growing residential market in the town, which is getting popular. There are many reasons for this sudden growth, like the connectivity the town provides with a good location. This place is more affordable than Panchkula and Chandigarh, which attract buyers for investment. People love the modern living in the town, along with growing infrastructure, which is close to Chandigarh.

Read more: How Zirakpur Is Becoming The Hotspot For Residential Market

Statistics Of Zirakpur’s Residential Growth

• In Zirakpur, the yearly increase in price is 26.67%, which is a lot.
• This is because the demand for residential properties is ever-growing in the town, which makes the prices go up.
• This is because of the metro extension in the town with growing infrastructure, which helped.
• In there, the property price is ₹5,794 per sq ft on average, which is because of the large demand.
• If we talk about luxury real estate, then there are other statistics for that in Zirakpur, with a 30% surge in sales.
• The most popular choice of property bought by buyers is a 3BHK flat in Zirakpur, which shows modernity.

What Are The Factors Driving Zirakpur’s Rise In Residential?

1. Strategic Location and Connectivity:

This is a very important factor that is responsible for this growth in residential areas in the town, so understand this. This is a town located in a way that provides connectivity to the many highways, which is a reason.

The highways through which Zirakpur provides connectivity are:

• Chandigarh-Ambala Highway
• Chandigarh-Patiala Road
• excellent connectivity to Chandigarh
• Panchkula
• Mohali
• Other cities

2. Infrastructure Development:

The development of infrastructure has been seen, which keeps happening, to meet the demand in Zirakpur.

The infrastructure of Zirakpur is seen to be developed in many ways:

• Well-built flyovers
• Wide roads
• Shopping malls
• Hospitals
• Schools
• Entertainment hubs

Another infrastructure development could be the metro extension from Zirakpur to Chandigarh, which helps. By this, the area of Zirakpur becomes even more livable with the connectivity.

3. Affordability:

In comparison to Chandigarh and Mohali, the prices for residential properties are way cheaper in this town, which attracts buyers. You can buy a nice property at an affordable price here, which makes it the perfect place for investment.

4. Rising Demand:

The demand keeps rising for these kinds of properties in Zirakpur, because of the cheaper prices and connectivity.

The reason for this demand is many related factors, like:

• Strategic location
• Improved infrastructure
• Affordability
• Many more

The demand for 2BHK and 3BHK apartments is the highest among all properties in Zirakpur, as people go for modernity.

5. Investor Appeal:

Not only for living, but investments are also made to get rent as an income, which is very popular in Zirakpur. The rental demand is high in Zirakpur, as well as property appreciation, which is a good factor for investment. NRIs are also buying properties in Zirakpur because of the investment appeal, which is a factor.

Commercial areas are developing with IT parks around and in Zirakpur, which is leading to this growth even more.

6. Lifestyle Amenities:

• The amenities can be seen in Zirakpur, which keeps growing in different residential projects. These projects are well developed with parks, clubhouses, and modern properties that attract buyers.
• There are reputable schools in Zirakpur, with easy access from properties, as everything is connected here.
• You can enjoy the commercial sector while living there, as it’s growing with shopping malls and much more.

You can access the modern lifestyle by this:

• Shopping malls
• Entertainment zones
• Recreational parks

Some Investment Insights

Some investment insights include:

1. Medium-Term Investments:

In here, you can invest in risk-return ratios in the town for residential, which is for medium-term investments.

2. Premium vs. Affordable:

There are benefits for both premium and affordable properties in Zirakpur, which are worth noting. The affordable one gives more liquidity while the premium ones have higher appreciation rates.

3. Location Matters:

Some areas have more price appreciation and growth, including locations like the VIP and Patiala Road.

Conclusion

Zirakpar is becoming a hot spot for the residential market day by day, as buyers like investing there. There are a lot of reasons behind why buyers prefer Zirakpur for investment in residential properties. These reasons are about some factors of development, like infrastructure and connectivity at cheap prices. Buyers prefer this town over places like Chandigarh and Mohali, as it’s more affordable.

FAQs

Q – Is Zirakpur only for homebuyers?

A – No, Zirakpur is not only for homebuyers, but also for people wanting to invest in real estate.

Q – What’s the maximum price of 3 to 4BHKs in there?

A – The maximum price of 3BHK and 4BHKs is up to 2.77 Cr in the town, which is due to the demand.

Q – How much rental income can I get in the town?

A – This is a place where you can easily get up to ₹13,500/month for even single rooms, so choose this location.

Q – Why are there so many flats in the town of Zirakpur?

A – There are many reasons why Zirakpur shines in having flats:

• Strategic location
• Affordability
• Rapid development