Buying a Property in Chandigarh: Why you should go for it?

Chandigarh Property at Makaan.com

Chandigarh, the Union Territory, stands high on the real estate charts, most of the factors being in its favor. Ranking second highest in terms of per capita income, the city easily attracts people to invest in property here. In spite of not being exactly a metropolitan, the buying trends have shown positive results. Let's see what makes the city a lucrative option for property buyers.

Though the city has many rural and under-developed areas like Butela and Attawa, investment in property could be a nice option, the reason being that these localities have recently been incorporated into the jurisdiction of municipality, thus raising the living standard here . Buying a property in Chandigarh can give a leverage to you as the city's quality living standards and  relatively low levels of pollution.

The other factors that go in a buyer's favor while buying Chandigarh property include well-planned infrastructure, easy accessibility via roads, and upcoming projects that intend to bring tech parks, airports, hotels into being in the coming years. A few hotels have been planned to come up in places like Panchkula, thus adding to much desired amenities by a person living in Delhi, Haryana, Gurgaon and planning to relocate to the city.

The real estate scenario in Chandigarh over the last one year saw a marked shifting, with the price per square feet having grown by 8.84%. This upward surge is an indication that buyers as well as developers have shown interest in the city. In places like Mullanpur, the buyers can seem interested in investment in properties in Chandigarh. The proposed construction of an expressway and the proximity of the area to hospitals and educational institutes makes the condition all the more favorable.

Having a well-planned design of roads and houses, being carved by the intellects like Le Corbusier, Chandigarh real estate continues to tread a positive trend. Buying a plot here rather than a flat or apartment is more preferable: local residents find it more profitable to do buy a plot first and then construct the house as per their needs. The residents are more likely to have spacious house, so buying a plot first as a property in Chandigarh seems better to them. With the presence of  Rajiv Gandhi Chandigarh Technology park in Zirakpur, the number of companies that have come into being has increased manifold. Thousands of people work here, thus making Zirkapur a preffered location for buying a flat here.

In the nutshell, we can say that the ball is city's court as far as real estate is concerned. To buy properties in Chandigarh, surf a few real estate sites and search for the type of property you have been looking for. At Makaan.com, India's fastest growing property website, you can find residential and commercial complexes available for buying and hiring for rent.