Chandigarh’s limited housing inventory and soaring prices are pushing buyers toward New Chandigarh and Mohali, where growth is rapid and value is still within reach. As Tricity’s center struggles to expand, attention is shifting to newly developed sectors with modern infrastructure and lifestyle amenities.
Inventory Crunch in Chandigarh: With no major new housing schemes and rising rates, sellers are holding onto their properties, limiting supply. As a result, property seekers are looking outward for alternatives
Mohali’s Transformation: Mohali is no longer Chandigarh’s “poor cousin.” Enhanced connectivity via Airport Road and Metro in progress, major IT hubs, international airport access, and smart-city initiatives have positioned Mohali as an independent real estate powerhouse with average prices over ₹7,200 per sq ft and nearly 10% annual appreciation
New Chandigarh’s Rise: The eco-city is booming—property values have surged 70% recently to around ₹7,200 per sq ft. Solid infrastructure, upcoming education and medical centers, and green living define its appeal
Smart Urban Planning: GMADA’s land pooling plan will add nine new sectors (84–124) near the airport and IT corridors, promising further connectivity and growth
For new home buyers, this means stepping into emerging localities within Tricity that offer smart, sustainable, and stylish living at a fraction of Chandigarh’s premium—without sacrificing access to its amenities.
By Nitish Raj Walia
Delhi Punjab Real Estates
