Chandigarh has a booming economy so far as the proprietal scene is concerned. Chandigarh Properties are selling as fast as developers can make them! Both commercial and residential properties are in demand.
The conductive investment atmosphere of Chandigarh has catalyzed large-scale investments in the city-especially from the Information Technology (IT) sector. Big IT names like Dell, IBM, Cognizant, Mphasis and Satyam has made substantial investments in Chandigarh and made Chandigarh Properties a highly desirable commodity.
The lucrative scenario of Chandigarh Properties has attracted established real estate developers from all over India. They include property behemoths like DLF, Parsvnath and Unitech. Property in Chandigarh is currently undergoing a sea change. Property prices are increasing with every passing day. This real estate development is changing the skyline of Chandigarh city.
DLF will launch the DLF city center spread over 1.9 lakh square feet. Malls and Multiplexes are replacing single screen cinema halls.
The residential property in Chandigarh is also booming-the greatest development is being seen in the northern side of the Chandigarh. The property in those parts of Chandigarh costs an exorbitant Rs 40,000 per square yard.
Big developers like Parsvnath are targeting the Information Technology professionals as potential customers. There is an eclectic choice of super luxury flats, villas and penthouses.
The commercial property in Chandigarh sells at a price upward of a crore. The area in central Chandigarh sells for an astonishing Rs 18 crore per building.
The rentals for property in Chandigarh are also increasing-the rentals for a 1,800 square feet shop in sector 34 and sector 35 is in the region of Rs.3 lakh, whereas in sector 8 and sector 9 the rentals are in the region of Rs.4.5 lakh.
Last Updated on : 2 July 2013