Top Emerging Real Estate Markets in Chandigarh

Chandigarh is the greater hub of well-planned infrastructure and modern living spaces which directly affects the demand of real estate market in Chandigarh. It grabs the attention of all the investors for investing in Chandigarh. The real estate market plays a bigger role in Chandigarh. In this blog, we will discuss about the Top emerging real estate markets in Chandigarh and their around. Stay connected with people’s property points.

What Factors Affect the Growth of the emerging real estate market in Chandigarh?

The real estate market of Chandigarh is vast due to some factors affecting that:

• Improve infrastructure: Chandigarh is a well-planned city with continuously improving infrastructure. Due to that, people are attracted to them and start investing there. In Chandigarh, the projects are connected with roads, upcoming metro lines, and new expressways which makes them more demanding.
  
• Economic Growth: The increase of IT parks, educational places, and business hubs is creating a more planned and professional area which affects the demand for investing in Chandigarh.
  
• Robust Infrastructure: The infrastructure of Chandigarh and its surrounding cities makes them more attractive for real estate. People like to live in a well-planned infrastructure where they can easily grab all the facilities.
  
• Multiple Real Estate Options: In Chandigarh, multiple options are starting from affordable flats to luxury villas. Due to huge options, Chandigarh is more emerging in real estate markets.

List of Top Emerging Real Estate Markets in Chandigarh

Now, we will discuss the top emerging real estate markets in Chandigarh and around areas like Mohali and many more.

1. Mullanpur (New Chandigarh)
   
2. Industrial Area Phase 1 & 2
   
3. Zirakpur
   
4. Panchkula
   
5. Kalka
   
6. Sector 88-89 (Greater Mohali)
   
7. Aerocity
   
8. Sec 63-65 (Mohali)
   
9. Mohali S.A.S. Nagar
   
10. Kharar

Mullanpur (New Chandigarh)

Mullanpur is 10km away from Chandigarh city center and it is emerging in the real estate market due to modern urban areas with well-planned roads, parks, and green spaces. They have high residential projects with high potential growth. It is also referred to as a smart city. Mullanpur is the new Chandigarh growing in the real estate market.
Features:

• Development of large-scale residential projects
  
• E.g. Sushma crescent and Omaxe new chandigarh
  
• Developed infrastructure
  
• Government support
  
• Nearby areas like the Punjab University campus & Business IT Park

Industrial Area Phase 1 & 2

It is located in Chandigarh and growing due to increasing demand for commercial real estate.
It is primary industry zones that are increasing steadily due to increasing industrial activities in the market. There are many retail outlets which effects the real estate market in industrial area. People like to live nearby the retail outlets where they can easily connect with trend market.
Features:

• Affordable commercial spaces
  
• Reliable for business
  
• Potential for long-term growth

Zirakpur

It is located on the outskirts of Chandigarh which connects Chandigarh and Mohali. Nowadays, Zirakpuir is the most growing area of Chandigarh because of affordable land rates compared to Chandigarh. It is grabbing the attention of all the investors. Zirakpur is prominent for commercial and residential growth.
Features:

• Growing residential demand
  
• Increase in commercial developments including malls and retail outlets
  
• Strong transport road connectivity

Panchkula

It is located in the south of Chandigarh and it is the most upscale area. In Panchkula, there are both real estate demanding luxury residential and commercial real estate. Homebuyers and investors are both attracted to Panchkula’s emerging real estate market.
Features:

• Demand for luxury residential areas
  
• Nearby to Chandigarh & Mohali
  
• Well planned infrastructure

Kalka

It is located 25-30km away from Chandigarh making a diverse impact on the real estate market. Kalka is very famous as a second home for weekend residents. It is emerging in the real estate market due to the proximity of Shimla and Kasauli. It is a well well-planned market of real estate.
Features:

• Beautiful scene and peaceful environment
  
• Affordable homes
  
• Good connectivity of rads for Chandigarh and hill station

Sector 88-89 ( Greater Mohali)

It is located along the Kharar- Banur highway and is also known as greater Mohali. It is an emerging demand in the real estate market due to the increasing infrastructure and urbanization. There are high-rise apartments and affordable commercial areas. It is well well-planned location with proper road connectivity.
Features:

• Benefit from the upcoming Mohali International Airport
  
• Ideal location for professional workers
  
• Proximity to Chandigarh & Mohali
  
• Planned commercial hubs

Aerocity

It is located along the road leading to the international airport thats why it is known as Aerocity. Due international airport road makes it more demanding for residential and commercial spaces. It is well planned location with modern infrastructure including malls and IT parks.
Features:

• Development of hotels
  
• Connectivity with international investors
  
• Better roads connectivity

Sector 63-65

It is located on the periphery of the Mohali which is situated in nearby the Chandigarh border. Sector 63-65 is continuously developing with the Mohali including IT Parks and Business hubs. It is a prime location for real estate as residential or commercial places.
Features:

• Efficient hub for office spaces and IT parks
  
• More residential developments
  
• Increase the number of retail and hospitality projects
  
• Well-rounded destination

Mohali S.A.S. Nagar

It is located adjacent to Chandigarh and the main parts of Tricity (Chandigarh, Mohal, and Panchkula). Mohali is a well-planned area with IT parks, Business hubs and also demand in healthcare or education. It has an emerging real estate market of residential and commercial spaces. It is continuously improving the overall infrastructure for the places to live.
Features:

• Increasing of IT parks and Business hubs
  
• Large-scale residential projects
  
• Wide roads and modern amenities
  
• Well developed infrastructure

Kharar

It is located 20-25 km from Chandigarh and well developed for the business areas. It is the most affordable alternative compared to other expensive areas. The increasing growth of the commercial market in Kharar makes it more emerging for the real estate market. Kharar is prominent for its well-developed infrastructure and the government continuously working on it.
Features:

• Affordable real estate options
  
• Increase in residential demand due to the increase of commercial places
  
• Rising of commercial spaces like retail outlets.

Last thoughts

When evaluating the emerging demand of the Real estate market in Chandigarh results in a boosting demand due to well-planned infrastructure and modern amenities. Road connectivity increases the demand for real Nowadays, real estate is not only suitable for residential areas but also grabs attention in commercial and industrial areas. Making an unforgettable impact in Chandigarh and its area makes it the perfect place to invest.

FAQ’s For Top Emerging Real Estate Markets in Chandigarh

Q. How to get the best place in Chandigarh for investing?

Answer: For getting the best place to invest in Chandigarh, consider some major tips:

• Roads with good connectivity
  
• Future development plans
  
• Peaceful surrounding
  
• Urban convenience

Q. Why do people come to Chandigarh to invest in property?

Answer: As we know that Chandigarh is a well-growing and planned city which gives a facilitates environment with road connectivity, IT Parks, and modern technology. People want to settle in well planned cities. This is the main reason of investing in Chandīgarh.

Q. What are the major property types available in Chandigarh?

Answer: In Chandigarh, major 4 types of property are mostly available that are:

• Apartments & flats
  
• Villas and independent house
  
• Commercial spaces
  
• Plots of lands

Q. Can you tell me the cost of real estate in Chandigarh?

Answer: The price range is not possible to evaluate because it is totally dependent on the area and facilities provided in the area. It also depends on what are you looking for like flats, apartments, independent houses or many more.