Chandigarh's ever growing infrastructure has paved contrivance for developing of absolute estate in neighboring areas approximative Panchkula, Mohali, Mullanpur, Zirakpur and DeraBassi. Although, Dera-Bassi and Mullanpur are all the more sleepy towns mendacity on Chandigarh's governmental highway on the other hand land prices here are alike to those prevalent in Chandigarh's prime areas.
Panchkula is another case-study in point. Till recently, Panchkula's by oneself reference was that of growth a suburban locality on the outskirts of Chandigarh. The region changed its profile ideal quietly. Bantam houses acquire obsessed hang-up to plush apartments and kothis; villages are flashing evolving themselves to be reformed suburban towns. Most villagers admit sold their agricultural land to discrete buyers or limited belongings builders at skyrocketing prices. Today, who's who of Haryana owns an quarters there. Haryana's politician, industrialists and affluent traders own land banks in most parts of Panchkula.
The cash assessment for an apartment ranges between Rs 2,600-3,500 per sq ft. The rental values for 3 BHK (Bedroom Foyer Kitchen) apartment there scope between Rs 8,000-10,000 per month.
Some prominent positive estate developers gain announced property projects there. Recently, realty giant DLF announced its Garden Municipality Project near Panchkula. This project testament spill over 200 acres. The association has claimed to occupy 34 acres and the rest is underway. This residential project would suggestion 2, 3 and 4 BHK apartments along services affection school, club cobby etc. DLF had earlier built the IT Lawns in Chandigarh and is thinking of beguiling on else projects in the region.
Panchkula's proximity to Chandigarh is its biggest assets. Panchkula is a story craft domicile for corporate houses and retailers who jewel it crucial to rent gone commercial property in Chandigarh, owing to aerial rents there. It and offers decent residential options and is easily accessible from Chandigarh.
Property builders are appropriate jubilant with the manner there. Suresh Aggarwal, a property broker operating in Panchkula region, says that property segment has never witnessed this boom as it has in commenced times. He says that the buyer sentiment has changed in the region. Earlier, mankind bought a territory for location purposes. Now, common people pay for flats, apartments or plots for investment purposes as well.