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Chandigarh, a meticulously planned union territory in northern India, serves as the joint capital for the states of Punjab and Haryana. Nestled near the foothills of the Himalayas, approximately 260 km north of New Delhi and 229 km southeast of Amritsar, this city spans an area of about 114 km square. Chandigarh boasts a population of 1,055,450, yielding a population density of approximately 9,252 persons per square kilometre. With a demographic composition of 55% males and 45% females, Chandigarh embodies a balanced population distribution.
Apartments or flats for sale in Chandigarh are experiencing robust demand, propelled by various factors. The city's allure extends beyond its urban planning to various tourist attractions. Among these are the renowned Rock Garden, the serene Garden of Springs, and the picturesque Zakir Hussain Rose Garden.
Historical landmarks such as Burail Fort and Manimajra Fort add cultural richness to the cityscape. Additionally, Chandi Mandir, a revered temple, stands as a spiritual focal point. The most popular dishes in traditional Chandigarh cuisine include Sarson ka Saag, Makki di Roti, Kadhi, Palak Paneer, and Punjabi Lachha Paratha.
Chandigarh is one of the earliest planned cities in post-independence India and is internationally known for its architecture and urban design. The prominence of NH7, NH5, and NH152 has significantly improved Chandigarh's connectivity and stimulated growth in the real estate sector. Indulging in a delightful dining experience at Virgin Courtyard or relishing the atmosphere at Nexus Elante, Chandigarh's esteemed standing provides a blend of diverse lifestyle encounters
Chandigarh offers easy access to renowned hospitals, educational institutions, and tourist attractions, ensuring seamless convenience. The proximity of German Hospital and Jakhar Hospital underscores the city's accessibility, making it a prime choice for those seeking a well-connected and convenient living environment.
Hotspot areas in Chandigarh, including Zirakpur, New Chandigarh, Dera Bassi, Mullanpur, and Mohali, have caught the attention of homebuyers.
For instance, in highly active areas like Mohali, Sector 49, Sector 48, Zirakpur, and Sector 50, the average property prices typically range from Rs. 3,900 to Rs. 12,300 per square foot. Some top-selling projects in Chandigarh include Satish Escon Arena, GVT Orvis Grand, HLP Urban Vatika, Omaxe Gardenia, and Northview Homez.
Moreover, Chandigarh presents appealing neighbourhoods for rental. Zirakpur (8.9%), New Chandigarh (5.7%), Sector 41 Chandigarh (5.4%), Sector 63 Chandigarh (4.3%), Mohali (3.9%) are some of the areas that offer the highest rental returns in Chandigarh.
Here is the price list for some of the top areas in Chandigarh:
Neighbourhood | Price/Sqft. |
---|---|
Zirakpur | Rs. 4,750 |
New Chandigarh | Rs. 5,500 |
Dera Bassi | Rs. 2,600 |
Mullanpur | Rs. 5,900 |
Mohali | Rs. 3,900 |
Sector 49 | Rs. 11,100 |
Sector 48 | Rs. 10,500 |
Sector 50 | Rs. 12,300 |
Sector 22 | Rs. 3,991 |
Jagatpura | Rs. 3,345 |
Dhanas | Rs. 7,761 |
Togan | Rs. 3,907 |
Manimajra | Rs. 8,401 |
Sarangpur | Rs. 4,216 |
Milkh | Rs. 6,115 |
Raipur Kalan | Rs. 3,290 |
Adarsh Nagar | Rs. 4,012 |
Behlana | Rs. 3,913 |
Sector 16 | Rs. 4,131 |
Sector 50-B | Rs. 8,728 |
Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.
Chandigarh is emerging as a sought-after real estate destination, distinguished by its projects that incorporate a range of amenities such as malls like Nexus Elante, theatres, renowned schools like DAV Public School and Saint Kabir Public School, and excellent transportation links. The upcoming Tricity metro is poised to bring about a transformative impact on the real estate scenario in the region.
Particularly, Sector 9 in Chandigarh stands out for its residential offerings, premium conveniences, and strategic proximity to key business centres, including The Hive Business Centre, which makes it one of the most affluent areas in the city.
Also, Chandigarh features luxury projects such as Omaxe The Lake, and Noble Callista offering residents a high-end living experience with top-notch amenities and spacious accommodations. Renowned developers like Gupta Builders and Promoters, Fortune Multitech, Riverdale Group, and Motia Group are operational in the region.
Across 20 locations in Chandigarh, property prices have surged 30.611% YoY (Year-over-Year). This price is expected to go up 37% in the upcoming years.
The average price of 1 BHK in Chandigarh is Rs. 18.4 Lakh to Rs. 40.2 Lakh.
The average size of 1 BHK in Chandigarh is 418 square feet.
The rent of a 1 BHK in Chandigarh is Rs. 5,000 to Rs. 8,200 per month.
The average price of 2 BHK in Chandigarh is Rs. 33 Lakh to Rs. 80 Lakh.
The average size of 2 BHK in Chandigarh is 1110 square feet.
The rent of a 2 BHK in Chandigarh is Rs. 18,000 to Rs. 20,000 per month.
The average price of 3 BHK in Chandigarh is Rs. 59.3 Lakh to 1.15 Crore.
The average size of 3 BHK in Chandigarh is 1305 square feet.
The rent of a 3 BHK in Chandigarh is Rs. 18,000 to Rs. 22,000 per month.
The average price of 4 BHK in Chandigarh is Rs. 89 Lakh to Rs. 1.92 Crore.
The average size of 4 BHK in Chandigarh is 1800 square feet.
The rent of a 4 BHK in Chandigarh is Rs. 60,000 per month and beyond.
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