Property in Chandigarh: All Geared Up to be the Next Retail Destination

Chandigarh Property at Makaan.com

In spite of carrying the tag of a tier-II city, property Chandigarh  market performed well in 2013. Though the real estate prices fell by about 2.1% in the third quarter, the city exhibited good scope for retail market. As per a report by global property management firm Jones Lang LaSalle, the city, along with Surat and Ahmedabad, are all geared up to become the next best destinations for retail investors, after major metros. Chandigarh derives its potential from the presence of  unused infrastructure and availability of land for futuristic developments.

Commercial property in Chandigarh too carries scope for office market. Affordable land rates make it an attractive destination for realtors and investors across country. As per a survey, the city stands at ninth position in terms of Market Potential Index. While tier-I cites like Gurgaon and Delhi are constantly losing ground on account of their saturation, Chandigarh comes as a relief to several. For buyers who are too keen on keeping their budgetary constraints to minimum levels, city  comes as a good choice. Planned constructions, open spaces, and green cover are the factors that speak in favor of city.

Zirakpur, one of the prominent markets to Buy House Chandigarh properties, offers luxury residential spaces. The locality has developed at a good pace, and toady, one can see a plethora of high-end malls and hotels having sprung up all over. With the upcoming IT Park in city, the realty prices are expected to scale all the way up. In the near future, the demand for residential spaces is expected to see a boost.

Ambala-Chandigarh is another preferable area for buyers of Chandigarh property. Mohali is the commercial hub of city and under the Master Plan, it is going to see further expansion of residential spaces. Mohali has seen the foraying of some global giants, thus giving it leverage over other localities across city.