Chandigarh Property: Ideal for Buying and Investing
Chandigarh or The City Beautiful' is the first planned city of India and known globally for its architecture and planning
. With Indian real estate blossoming in full swing, property developments are widespread across the country- be it metro cities or tier-II & III cities or even towns and suburbs. Chandigarh property market is also reaping benefits from this boom owing to its strategic location i.e. proximity to the national capital, Delhi.
Chandigarh, the capital of two states of Punjab and Haryana has the highest per capita income in India. The architectural projects in the city have been designed by best of the architects like Le Corbusier (French born Swiss), Matthew Nowicki (Poland-born), Albert Mayer and Pierre Jeanneret. With such leading planners involved in construction of the city,
Chandigarh real estate has turned out to be a fabulous spectacle. It is popularly called Gateway to Himalayas' and considered to be a uniformly developed' city, however, it is shrugging this image gradually. It is getting familiar to the new concepts of luxury homes, serviced apartments, individual flats, etc. as realty builders work towards developing them. Realty in Chandigarh has always been flooded with traditional kothis, bungalows and farmhouses but it is now moving towards modern ideas of housing- affordable flats and apartments.
Chandigarh is extremely rich in beauty and wealth with high standards of living speaking tones about the opulence of the city. The same affluence is underlined in the
residential properties in Chandigarh in the form of big drawn out houses spread across the city. The change in trends has been possible with the landing of corporate and multinational companies in the region. Thus it can be said that the commercial wave in terms of IT boom is what triggered large scale developments in Chandigarh real estate sector. It is witnessing humungous construction activities across the entire realty spectrum- residential, commercial and retail bringing in an unprecedented boom. From houses to office spaces to retail properties- the city is speedily getting ready to be home to all kinds of world class establishments.
The entry of biggest corporates has generated a huge demand for commercial
property in Chandigarh. Swanky offices, IT parks and commercial complexes with advanced infrastructure have cropped up across the city. And to support their functioning, highly qualified and experienced professionals are called in from around the country. The migration of manpower from other cities has multiplied the need for housing in the city especially the rented ones. As soon as the professionals began settling in, the purchasing power of the city started increasing further paving the way for retail developments. The mall culture has also started growing with changing lifestyles and trends as various shopping malls, multiplexes and retail outlets are set up in the city. In a nutshell, the entire real estate segment in Chandigarh is flourishing currently as leading private builders show interest in taking it to new levels.
Chandigarh realty promises high returns on investment due to both the gargantuan scope for development and the natural beauty it boasts of. It is among the cleanest cities in India and is very well maintained with lush green parks, excellent infrastructure and wonderful looking roads. Chandigarh realty has never been such an attractive investment destination ever as it is today for property investors. The luxurious high end flats equipped with central airconditioning, modular kitchens, Italian marble flooring, jacuzzis, wi-fi connectivity, walk-in closets, round-the-clock amenities like security, power back-up and other numerous facilities attracts both nouveau riche and the traditionally rich. Ideal for both property buying and investing, the clean and green Chandigarh is a beautiful place to live in.
Chandigarh Property: Ideal for Buying and Investing
By: Gurleen Walia
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