Best Locations for Real Estate Investment around Chandigarh

Chandigarh is, undoubtedly a beautiful city. It is known to be the first planned city in India and is well-known for its classic planned architecture all over the world. Its periphery can be defined as the areas adjoining the main city and its nearby districts. This includes planned townships of Mohali, Panchkula, Zirakpur and Baddi.

For years, Chandigarh was the first and foremost choice of the investors to invest their buckets of cash in residential and commercial constructions. But now, due to certain obvious reasons including, land scarcity, over-population, etc., investors are looking for places like Chandigarh, where they could make profit.  

ZIRAKPUR

Zirakpur is located along the Chandigarh-Delhi Highway and is one of the fastest growing towns. Many investors from Delhi and Haryana have already invested their money here as they find it remarkably economical than Delhi/NCR. Some of its high-activity areas include VIP Road, Patiala Highway, Chandigarh-Ambala expressway. The area has, no doubt, a lot of potential owing to its location and the infrastructural developments happening around.

Growth Stimulators for Zirakpur

• Construction of a four lane flyover by NHAI through Zirakpur that eases the flow of traffic.
• The trio- the Chandigarh-Ambala expressway, the Zirakpur-Kalka highway, and Chandigarh-Patiala highway, merge at Zirakpur.
• There are well-planned malls like Global Spirit Mall, Chandigarh city center, Cosmos Plaza etc. near the entry point of VIP Road.

MOHALI

Mohali is to Punjab what Noida and Gurgaon are to Delhi. It is emerging as one of the fastest growing IT towns of north India and has played the role of a catalyst in Punjab’s real estate growth and development. It is speculated that Mohali will witness good capital appreciation in the coming 6 months to a year. Infrastructural developments will play a major role in improving the real estate market and commercial projects will reap benefits from the investment point of view in Mohali.

Growth Stimulators for Mohali

• The PR -7 (Airport road Mohali), is almost motor-able from Kharar-Chandigarh Highway (NH21) to Chhat Pind on Patiala Zirakpur Highway. Also, the vertical grid from PCA stadium to sector 104-105 Mohali is motor-able and rubbing off on the prices of projects such as Wave Estate IREO, and Pearl.
• Many popular real estate developers including DLF, TDI, ATS Infrastructure, Unitech Group, Ansal Buildwell, EMMAR-MGF and Omaxe Construction have their projects in the city.

Panchkula

Panchkula is a well-organized township in Haryana with a lot of plots for Kothis, bungalows and villas. The property prices here are expected to rise with the focus on investment and a healthy holding appetite mostly for plots, will keep the real estate market robust.

Growth Stimulators for Panchkula

• Panchkula district is surrounded by Chandigarh, Mohali, Ambala and Solan districts and thus have great connectivity.
• Property prices in Panchkula will also rise due to the upcoming metro rail project that is all set to provide easy connectivity to different parts of the town.
• The Chandigarh railway station located near the Chandigarh-Panchkula boundary opens an exit towards Panchkula.

BADDI

Baddi is an industrial town and a Nagar panchayat in the Southwestern Solan district of Himachal Pradesh. Chandigarh is around 40 kilometres west of Baddi. It is emerging as the pharmaceutical industry capital of India. Official data shows that the present BJP government has attracted an investment of Rs.17,253 Crores in the past four years by giving approval to set up 4,857 industrial units. 

Growth Stimulators for Baddi

• The major attractions for investors includes 100% outright excise duty exemption for a period of ten years from the date of commencement of commercial production, 100% income tax exemption for an initial period of five years and thereafter 30% for companies for a further period of five years, capital investment subsidy of 15% on plant and machinery subject to a ceiling of Rs. 30 lakhs, applicable also to existing units. http://en.wikipedia.org/wiki/Baddi
• More than 50% of India’s pharmaceutical production including formulations would originate from HP in few years as 200 large-scale units are coming up in and around Baddi.
• An IT park is being developed in 64.73 acres near Waknaghat on the Chandigarh-Shimla NH-22 with an outlay of Rs.500 crore.