Chandigarh is often considered as a ‘Gateway to Himalayas’ that serves as a capital to two states of Punjab and Haryana. It is among the most happening cities of the country undergoing lots of construction activities across the residential, commercial and retail segments. Chandigarh property market is abuzz with numerous property projects launched by leading developers of the country.

Often termed as a planned city, Chandigarh is divided into 68 sectors that are witnessing modern establishments today. The magnetic beauty of the city coupled with its high per capita income or standard of living makes it a wonderful city to live in. The city is so beautiful that it attracts buyers and investors from across the country to buy property in Chandigarh. If in residential realty it has bungalows, farmhouses and kothis that imply tradition, then commercial developments like IT Park signify modernity. Tradition and urbanity mingle marvelously even as the skyline of the city denotes the spectacular blend. Not only does it have elegant structures but also quality infrastructure in form of lush green parks, well maintained roads, etc. The appealing combination of architecture and infrastructure has made it referred to as ‘The City Beautiful’.

The combined efforts of Punjab Urban Development Authority (PUDA) and Chandigarh Housing Board (CHB) has led to launch of housing schemes and other plans to support development of parks, city suburbs and slum rehabilitation. Besides structural dash, even the people of the city are very fashion conscious who prefer global housing facilities with swanky décors even if they need to shell out more money. Housing in Chandigarh is evolving from mere big bungalows, villas and farmhouses to apartments, flats, residential complexes and townships. Many property projects in residential sector by both local and national developers are under construction or awaiting approval. Some of them are Eldeco Mansionz, EmaarMGF The Terraces, Regalia Towers, DLF Valley, Collage Windsor Apartments, Singleton Floors, Omaxe Greens, Orchard County, Parsvnath PrideAsia among others.

Buying or selling property in Chandigarh has become easier with the helpful support provided by property dealers and agents. Being well informed about the local market trends, they can be of great help to those looking forward to buy, sell or rent real estate in Chandigarh. One can also take help from real estate portals common these days as they list properties available on sale or rent, simplifying the process. The need to pay a personal visit to available housing options reduces to a lot of extent as an idea can be derived online itself. Home loan facilities are easily available for interested buyers at low interest rates owing to the presence of various banks and finance companies in the city. Both the showcasing of properties online and the easy availability of property loans have proved instrumental in making property purchases easier than ever. Consequently, the demand in realty sector has risen considerably triggering the need for more projects that can offer both realty developments and finance facilities.

The demand for property in Chandigarh is so high that it has led to inflation in prices. The builder floors in the Western and suburban areas of the city are available in `2,000 to `5,000 per square feet whereas it varies from `6,000 to `9,000/ sq. ft. in East and North parts. 2BHK apartments in Chandigarh can be bought by paying anywhere from `1,200 to `6,000 per square feet. The capital value of plots in the city falls in the range of `7,000 to `70,000 per square yard.

Chandigarh realty promises to be productive and yield good returns in coming years making it one of the most potential investment destinations in India.