Damaging Property Might Lead You Into Trouble

Chandigarh Property at Property

Causing damage to public or private Chandigarh property in the state of Punjab during a strike, rail or road blockade might invite punishment in the coming months. The state government is planning to come up with a bill that will allow the state to prosecute all the people who damage the Punjab state's public or private property. If one is caught damaging Punjab's public or private property including property Chandigarh he may face an imprisonment of up to one year alongwith a hefty fine.

Although the main opposition party Congress has accused the SAD-BJP coalition government of suppressing the voice and sentiments of the protesters, the current state government said that the new law is being introduced on lines of the honorable Supreme Court directions for protecting India Real Estate.

The new bill is called the Prevention of Damage to Public and Private Property Bill 2014. According to the bill any person found guilty of causing damage to public or non public property might be awarded a jail term that could extend till one year, the person may also be liable to pay a fine which might extend upto Rs 1 lakh.

The Bill also states that any person found guilty of causing damage to private and public properties including Chandigarh property by fire or any other explosive substance can be punished with a jail term not less than a year but which might extend to two years and could be liable to a pay fine of upto Rs 3 lakh.

According to the Bill, the said definition of damaging act includes strike, agitation, bandh, dharna, or demonstration, blocking of rail or road traffic by which may cause damage to any public or private property Chandigarh.

The bill also states that no court lesser to the court of Chief Judicial Magistrate can carry out the proceedings of the offense committed to damage India real estate under this Act.

Prominent Chandigarh Locations that Offer 2 BHK Property Below 20 Lakh

Chandigarh Property at Makaan.com

Chandigarh city comes as an affordable option to the buyers who do not want to settle down for expensive counterparts like Delhi , Mumbai, and Gurgaon. Build with meticulous planning, this city comes as a haven for those buyers that have been pissed up with overwhelming traffic congestions and exorbitamt rates of other cities. The blog lists some of the areas in Chandigarh that offer two apartments below 20 lakh.

1. Ambala Highway: Seekers of property in Chandigarh can see Ambala Highway over NH-21 and 22 as a budget area to buy a two-room flat. The Highway, stretched over 35 km, carries the traffic load commuting among Delhi, Punjab, Haryana, and Himachal. The four lanes have helped in allieviating traffc loads, and boosted trade-related activities in the nearby localities.

2. Mohali: The 'next Gurgaon', Mohali is one of the localities that have been ear-marked as high-growth localities in and around Chandigarh. It is  a major commercial and residential hub, and has become a center for corporate investments. Seekers of 2 BHK apartments can their hopes over Mohali as far as afford ability factor is concerned.

3. Kharar: Comprising of finely developed localities like Model Town and Sunny Enclave, Kharar stands as a budget option for seekers of property Chandgarh. Located at a convenient distance of about 10-15 km from Chandigarh city, the average per sq. ft. rate prevalent over Kharar in first quarter if 2014 stood at about Rs. 2800/-.

4. Dera Bassi: Another locality that speaks of budget rates is Dera Bassi. A part of Mohali district, this area is located at about 20 km from Chandigarh and has seen a number of housing projects in past.

To know more about price rates in Chandigarh, look through India property portal and know more about the trends prevalent over a given quarter of the year.

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.