Residential Property Markets of Chandigarh

Real Estate developments have turned out to be the ‘in-thing’ in Punjab and the trend…

Real Estate developments have turned out to be the ‘in-thing’ in Punjab and the trend is spreading like the proverbial fire. The region, Punjab has taken a major lead when it comes to real estate projects, with mega housing and infrastructure projects.

Some of the major cities and towns where real estate developments are planned in Punjab include Chandigarh, Ludhiana, Mohali, Jalandhar, Amritsar, Patiala, Hoshiarpur, Khanna, Gurdaspur, Kapurthala, Nawanshahr, Ferozepore, Ropar, Faridkot, Muktsar, Moga, Bathinda, Rajpura, Mansa and Sangrur.

A number of national-level real estate developers have put their step forward towards the investment boom in the Punjab property sector with their residential ventures in the state. The upcoming residential projects include villas, farm houses, residential apartments, commercial complexes, shopping malls and townships.

According to Mr ML Sehjpal, Director, Pearls Infrastructure, “The recent real estate development in Chandigarh is the result of the boom experienced by the industry in the wake of pouring investments into the city. We have done market studies and are seeing a considerable demand of residential properties in the non –metro cities. We would be investing in many residential and commercial projects in the coming years.”

Some of the major residential projects coming up in Chandigarh and real estate markets around:

· Nirmal Chhaya Towers: It is a residential apartments project is situated at VIP road and has direct approach from Ambala -Chandigarh Highway, spread over an area of approx 17.5 acres) and comprises of 771 apartments of 2/3/4 Bed Rooms and 5 Bed Room penthouses with ample amenities and more than 70{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} open green area.

· Pearls City, Mohali: Located near Chandigarh, Pearls City, Mohali is within a strategic reach. This integrated township is spread over an area of 500 acres. The township is equipped with all modern facilities. An exclusive area has also been earmarked for an NRI enclave.

· Paradise: Pearls Paradise apartments are located in Dehradun, is spread across an area of 6.5 acres (approx). It will have well-integrated 3-bedrooms apartments for luxury living and lifestyle in a pollution free environment.

· Residency: It is a Group Housing Project situated in Sector 110, Mohali, Punjab. The well-integrated flats will be self sufficient in every aspect of a modern lifestyle.

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