Chandigarh and surrounding real estate – Good area for Investors

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Chandigarh is attracting big names of real estates because of its scenic beauty and geographical location. It is a planned and well maintained city. That is why people love to live in and surrounding Chandigarh.

“The City Beautiful” with high per capita income and higher standard of living, attracts both national and international builders, investors and buyers.  Greens belts, pedestrian paths and roads are well maintained. Modern styled IT Park is developed to meet the IT needs and requirements. Educational sector is also coming up well as various educational and engineering colleges are coming up in Chandigarh and surrounding area.

 

Various real estate projects are coming up in Chandigarh and surrounding area like of Emaar MGF, Omaxe, TDI, Ansal API, DLF, Unitech, Gillco, Eldeco, Parsvnath etc. The capital value of plots in the various parts of the city falls in the range of Rs 8,000 to 90,000 per square yard for various purposes. Diversity in residential areas is there to suit the budget and requirement of different segments like bunglows, farmhouses, kothis, floors or flats etc.

Now other players like Godrej are realising the potential of this region in real estate. It is just an indication that other realty sector players will soon launch their projects in this region which will help customers to have better packages.

In Chandigarh, a proper niche is being developed between the builders, property dealers and agents on the one hand and buyers, renters or sellers on the other hand. This well developed niche is proving a great help for the people who are confused and need proper guidance. Recently, a trend is getting developed of having the relevant information online.

Attractive home loan facilities are available for the buyers at very reasonable interest rates because of the presence of different banks and finance companies present in the region.

A cut throat competition between various big names of the real estate force them to come up with good plans and packages for the customers which enable the common man to buy their dream home at an affordable cost. Due to the high demand, the prices of property in this region are going high day by day.

 

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In recent time, tourism has emerged as an important sector for generating employment, reducing poverty and improving infrastructure in different areas.

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The RBI’s 50 point hike in repo rate is going to affect the real estate sector adversely. Already, the interest rate for housing loan is at higher side.

Chandigarh and surrounding real estate – Good area for Investors
 

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