Chandigarh

Driven by the investment and residential motive, the residential real estate property in Chandigarh have an achieved unprecedented height. Although the hike in residential property is across the Chandigarh, the most sought after place for residential requirements is at the Zirakpur side. Both private developers and investors forms the prospective buyers base for the various housing and retail projects.

Some of the reasons that makes the city an apt choice for good living are as follows -

• Pollution free environment exists in the city.
• Chandigarh offers high quality standard of living.
• Close to the capital of India and other hill stations.
• It provides ideal stage for commercial development.
• City is an apt example of modern architectural planning.
• The city is compact in nature and provides easy accessibility to places.
• City has excellent infrastructural set up in terms of road, rail and air links.
• With sound institutional edge, the city has some of the renowned educational institutes and colleges.

Chandigarh is an industrial hub as many numerous industries flourish in the city. From electric/electronic items, light engineering, sanitary fittings, plastic goods, industrial fasteners, leather goods, machine tools, pharmaceuticals to steel furniture forms the industrial base of the city.

There is a gradual increment in the modern industrial sector of Chandigarh and this has triggered the prices of industrial property. Government also play a crucial role in the development of industries which also affects the demand supply industrial property scenario.

The strong infrastructural set up of Chandigarh attracts many corporates to establish their offices in the city. The city government has also taken initiative to step in IT sector for example Chandigarh Technology Park also known as Chandigarh IT Park is developed to promote IT and ITES industry in the city.

The city's vicinity to Delhi, Haryana and Punjab also attracts many corporates to establish their offices in the city. Various corporates like Dell, Quark, Infosys, Reliance, Ranbaxy, Satyam, etc. have their offices in the city. There are also various commercial spaces for retail sector, banks, insurance and other companies. Together, the trend has resulted in increment in the absorption rate and in the commercial property valuation.