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Underdeveloped social infrastructure and barren tracts of land were a few facts, which defined Chandigarh a few years back. But, now, the city has comprised of good infrastructures coupled with high-tech office campuses, which pulls a large scale of migrant population. Further, the city is found to be dotted with several SEZs and multi-story buildings. These positive signs have encouraged as many reputed MNCs as possible to enter the IT market here and expand their IT sectors. In addition, the realty market has been stabilized by the foreign investment, which has lured several property developers to emerge with a significant number of residential projects in Chandigarh including Sushma Chandigarh Grande, Sushma Joynest MOH 1, Yellow Stone Gardens, SRD Western Towers, Pioneer Acme Heights Extn, Wave The Villas, and TDI Wellington Heights.
Both national and international real estate developers have announced several upcoming projects here covering the mid-range and affordable segment. A few of the upcoming reality corridors, which brim with the real estate developments, include Dera Bassi, Zirakpur, Mullanpur, and Ambala highway as well. These regions have changed their profile very quietly. In fact, small houses are giving way to kothis and plush apartments whereas villages are rapidly evolving themselves to develop into a suburban town. Eve, most of the villagers had sold their land to local property builders or individual buyers at a skyrocketing price. This fast-paced demand for accommodation over those corridors will boost the property rates in Chandigarh, which in turn captures the minds of many a number of investors to invest here
19/09/2019 1:57 pm