The Chandigarh Master Plan (CMP) 2031 is an ambitious plan to offer overall development of infrastructure of regions in the vicinity of Chandigarh. As we reach the half-way mark of 2019, the overall infrastructural development under the plan has been commendable. The rapid expansion of the areas in Mohali, Zirakpur, and Mullanpur has been the testimony of the master plan in place. This offers an excellent opportunity for investment in real estate near Chandigarh in 2019.
Best locations to invest
As the situation stands today, the rapid pace of infrastructure and realty development has turned into an investment opportunity. Both, the investors and the end-users, are poised to gain immensely from their investment. The real estate sector is showing signs of continuous improvement, rising at 3-7% annually (depending on the location and project).
The preferred locations:
Rising above from the reputation of a suburb town, Mohali is now a well-recognized IT and ITeS hub of north India. Since 2016, the real estate has shown promise and offered excellent returns for investors. The unprecedented growth of Kharar and the upcoming Aerocity is a fine indicator of the growth. Posh 4 BHK flats in Mohali are in vogue and buyers are queuing up for the same.
Mullanpur (New Chandigarh):
The CMP included Mullanpur (in Punjab), fondly known as New Chandigarh due to its proximity to northern Chandigarh region. Prominent builders of the country have invested in the region, offering commercial and residential properties to cater to the burgeoning population in this region.
Designation of Free Enterprise Zone (FEZ) near Derabassi has been a big boon for the overall development of this region. The industrial growth has complemented the residential growth and made Zirakpur is a hot destination for investment. Continuous improvement in the realty sector makes it ideal for purchasing a property.
Ambika Realcon – a recognized real estate developer of Chandigarh – has developed a truly elegant residential project in Aerocity, Mohali. La Parisian – a European-styled project – is one of the most discussed residential projects of Tricity. They are offering premium 3 BHK flats in Mohali whose value is constantly rising even before the possessions are made. Without any doubt, it is one of the star projects in Mohali to invest near Chandigarh in the year 2019.