Chandigarh, August 2025 — Property prices in Chandigarh have hit unprecedented levels, placing the city firmly among India’s top luxury real estate destinations alongside Delhi, Mumbai, and Bangalore. Recent high-value transactions across premium sectors have reaffirmed Chandigarh’s growing status as a prime market for high-net-worth individuals and NRIs.
In a landmark deal, a 2-kanal residential bungalow in Sector 18-A was sold for ₹32 crore, marking the highest-ever registered price for a two-kanal property in the city. On the commercial front, a Shop-cum-Office (SCO) on Madhya Marg, Sector 7, was registered at ₹30 crore. These official registration values are estimated to represent only 60–70% of the actual transaction values, with the real prices likely ranging between ₹45–50 crore.
Other recent transactions reflect the scale of this upward trend. A 6-kanal house in Sector 9-C was sold for ₹70 crore, a 7.5-kanal house in Sector 4-A for ₹41.8 crore, and a 10.5-kanal house, also in Sector 4-A, for ₹45 crore. Even smaller properties in prime locations, such as a 3.5-kanal house in Sector 9-B, have fetched ₹35 crore.
Chandigarh Among India’s Premium Property Markets –
With one-kanal homes now priced upwards of ₹20 crore in most parts of the city, Chandigarh is being actively compared to South Delhi, Lutyens’ Zone, Mumbai’s Pali Hill, and Bangalore’s Koramangala in terms of property value and elite buyer interest.
Property consultant Manpreet Singh confirmed that demand has surged, particularly among NRIs and second-generation industrialists, many of whom are returning to invest in legacy homes. “A recent 2-kanal listing even received an offer of ₹50 crore, which was turned down. The owner is holding out for ₹60 crore,” he said.
Collector Rates Revised, Market Still Ahead –
In April 2025, the UT Administration revised collector rates for t he first time in four years, with increases ranging from 10% to over 200% in certain sectors. However, even these revised rates continue to fall short of current market values, making Chandigarh’s luxury properties still undervalued on paper.
Deputy Commissioner Nishant Kumar Yadav noted that the rate revision was backed by data-driven insights from the last three years of registered sale deeds. “The aim was to bring official valuations closer to market reality while increasing transparency and government revenue,” he said.
Record Revenue Reflects Market Activity –
Chandigarh recorded ₹270.72 crore in stamp duty and registration fee collections in the fiscal year 2024–25 — the highest ever since 2019. The figure is expected to exceed ₹400 crore in 2025–26 due to the revised rates and rising number of high-value transactions.
Between April 1 and 15 this year, 362 properties were registered — up from 341 in 2024 and 285 in 2023 — despite fewer working days.
Why Buyers and NRIs Are Choosing Chandigarh –
Experts cite several reasons behind Chandigarh’s real estate boom:
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Limited land supply with no new residential sectors being developed
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High livability index due to green belts, low density, and top civic services
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Elite education and medical infrastructure, ideal for family and retirement homes
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Proximity to Delhi, Himachal, Punjab, and international airport access
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Stable governance, clean environment, and a global lifestyle appeal
NRIs in particular are attracted to Chandigarh for its combination of high asset value, lifestyle comfort, and ease of property management. Unlike metros, the city offers gated homes, wide roads, peaceful surroundings, and less congestion — all while commanding rising resale values.
Conclusion –
With luxury property values continuing to rise, limited inventory in top sectors, and increased demand from NRIs and wealthy investors, Chandigarh has firmly positioned itself as one of India’s most premium real estate markets in 2025.
By Nitish Raj Walia
Delhi Punjab Real Estates
