Where Can I Invest In Real Estate Close To Chandigarh?
Are you looking for property investment in Chandigarh or planning to purchase apartments there? Then, you are not alone as a lot of people dream about owning a home in the “city beautiful”.
In fact, Chandigarh is one of the most renowned and favorite places to live in. In addition to being one of India’s cleanest cities, it serves as the capital of two states.
According to a 2015 survey by LG Electronics using the Happiness Index, Chandigarh was the happiest city in India. Combined with the city’s thriving real estate and tourism industries, the city is nothing short of a haven for the residents.
For many years, Chandigarh was a preferred destination for large-scale investors looking to invest in residential and commercial projects.
However, today investors are increasingly looking elsewhere for a variety of obvious reasons, like land scarcity and overcrowding in some areas.
But the question is where you should put your money when it comes to buying land in the city. Don’t worry; we will address the question of property investment in Chandigarh in this article by outlining some of the top areas near the city.
The Best Places for Property Investment in Chandigarh
Chandigarh, Sectors 2-11
The locations of Sectors 2 to 11 are to the north-east of Chandigarh. These are some of Chandigarh’s older sectors, but they have the lowest population density (aside from Sector 7). There are many spacious bungalows and parks in these sectors, and they are close to famous sites like high court, Rock Garden, Sukhna Lake, Rose Garden, as well as Sector 17’s commercial district.
Sector 17
Sector 17 is a business district in the city’s northwestern outskirts. It is a good place to put your money because it is home to numerous multinational corporations and offers access to top-notch city amenities like a variety of bus routes, colleges, schools, and hospitals. This is a great place for real estate investment in Chandigarh because it is close to the city Golf Course, which is one of the most prestigious golf courses in India. In addition, it provides easy access to transportation and contemporary amenities. On the other hand, sectors 5,8,9,10,16,33,35,36, and 37 are also good places to buy property in Chandigarh.
Confused what is opt, check out – What is right Apartment or Individual House?
Mohali
Mohali, a town near Chandigarh, is an excellent place to invest your money. It is a well-developed town with modern amenities and houses the headquarters of a number of multinational corporations. In short, the best thing about this city is that it combines all the advantages of living in a large city with the serenity of a small town. It is rapidly expanding and has enormous potential in the future. To point out, there are many jobs available here, so owning a home here will make it easier for you to work and earn money. Thus, it’s a great spot to invest in real-estate due to its proximity to Chandigarh.
Panchkula
Panchkula is another area near Chandigarh that offers fantastic opportunities for real estate investment. It is a sizable city on its own, and the cities around it are also expanding quickly. The best thing about living in Panchkula is that you’ll have your own house here, which means you can avoid paying pointless taxes while still having convenient access to work. Likewise, the city has enormous potential for industrial development, which guarantees that it will expand over time. If you are looking for property investment in Chandigarh, Panchkula undoubtedly makes for a great option to consider.
Chandigarh Aerocity
This region, close to the Chandigarh Airport, is densely populated with high-rise structures, spotless markets, and a National Highway in the distance. Moreover, it’s situated between Mohali and Zirakpur, providing quick access to two other excellent residential areas. Simply put, this area will be the location of a new industrial corridor, so it will also be home to a large number of multinational corporations.
Mullanpur (New Chandigarh)
This location is approximately 20 minutes from Chandigarh. It’s close to the city and perfect for those who want to live in a residential area while still being able to easily commute to work. Not to mention that it is close to PGI, Madhya Marg, Punjab University and has good roads and all the contemporary amenities. Hence, utilizing your well earned money here shall definitely be one of the best investments in Chandigarh you can ever envisage.
Zirakpur
Zirakpur is a nearby town that is 15 minutes away from Chandigarh and is rapidly growing as more people are relocating here. In a nutshell, it’s yet another town with a small-town vibe and city-like amenities. In fact, the best thing about Zirakpur is that it is outside the boundaries of the Chandigarh Municipal Corporation, so if you own land here, you can avoid paying additional taxes. Zirakpur has a lot of job opportunities and is one of the best places to invest in real estate in Chandigarh.
Conclusion
Chandigarh, which has a population of over 2 million people, has recently gained prominence. This may be primarily due to easy access to transportation, an airport nearby, schools, colleges, and a variety of hangout areas.
Apart from that, the investment opportunities in each of these areas are excellent, and there is a wide variety of land available in Chandigarh.
If you are considering starting a business or purchasing a new home, these are definitely areas where you should invest your time, money, and energy. So, what are you holding out for? Get out there and start looking for the perfect property in Chandigarh for you.
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We can help you make the right and most propitious property investment in Chandigarh. With over a decade of real estate experience, our group offers the best deals for all budgets.
Please feel free to contact us at any time if you have any specific questions or would like professional advice on the real estate market. We are happy to assist you in any possible way we can.
