Property prices in North Indian cities like Delhi are already touching the skies, and this is one reason why many people are seeking to settle in smaller towns and cities. Chandigarh is one city that has known to hold immense potential for quite some time, and this potential is now materializing. Rapid industrial development and upcoming commercial projects in the region are boosting the economy of the town, per capita incomes are increasing, and so is the demand for real estate.
For now prices of property in Chandigarh remain relatively lower than all other major North Indian cities, but with the kind of demand trends observed, prices here are expected to rise soon. Affording Kothis has already become expensive, and most new settlers are opting for flats in Chandigarh. Flats are still available in plenty as new townships and residential complexes are coming up in and around Chandigarh.
Chandigarh has been always been one of the most well planned cities in the country. Its wide roads, tranquility, and greenery have always inspired people to come here and settle down. A few years ago it was popular among retired people, but with the expansion of industry and of course Chandigarh being the capital of Haryana and Punjab, the city has evolved to become an important commercial and industrial hub.
The effects of this rapid development have also translated in the form of a booming real estate. And, while prices of property including all types of flats, be it a 2BHK flat or a 3BHK flat in Chandigarh remain affordable at the moment, the growing demand is likely to take these prices higher. If you plan to purchase residential property in Chandigarh, this is probably the right time.