PROPERTY VALUE IN YOUR SUBURB

 

Traditionally property prices in the tri city i,e Chandigarh,Mohali & Panchkula have given good returns to the investors and good quality of life to the people who have purchased property to settle down. Normally prices of property in Mohali & Panchkula are about 35% lower than Chandigarh. Now two new suburbs in the close vicinity of Chandigarh are coming up.

Zirakpur is about 5 Kms from Chandigarh on Chandigarh Delhi highway.Number of developers here have created huge number of affordable flats. Besides 2-3 companies of national level,entire capacity is being created by small local developers.Persons who are looking for property for their personal use at reasonable rates can look at flats in Zirakpur.Investors may not be able to reap benefits in the very near future, simply because of over capacity.Here the flats are available from Rs.25 lakhs onwards. Commercial property rates are also very attractive.

Mullanpur area also known as New Chandigarh is about 6 Kms from Chandigarh.It is new area being aggressively promoted by the Punjab Government as the first eco friendly township in the country.It is the first area close to Chandigarh after Mohali & Panchkula which is being properly developed. Many new facilities like World class cricket stadium, Edu city, Medi city are planned in this area. It will have good connectivity with the city through metro. Many good developers like DLF & Omaxe have already created their townships here and many more are coming in the near future. GAMADA has also launched ECO City project here and got tremendous response. Our view is that this is the area which is good for investment and for owning residential property.Flats in this area are available in the range of 32-75 lakhs and plots in the range of 18000-32000 per sq.yd.