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:
Mohali/SAS Nagar:
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.
Zirakpur:
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.