Chandigarh’s real estate market has been growing steadily in recent years, driven by rising disposable incomes, expansion of urbanisation, a growing aspirational class, and NRI investment. The city has seen an increase in demand for residential and commercial properties, and this trend is expected to continue. Moving beyond Chandigarh, New Chandigarh is evolving as a modern city on Madhya Marg Extension and Dakshin Marg extension.
New Chandigarh is a well-developed city known for its urban infrastructure and diversified housing options and social infrastructure including international cricket stadium, medicity, schools, etc. From premium properties, luxury apartments, and penthouses to villas, the city offers ample housing options. Consequently, reputed developers are coming up with lavish residential large-size townships in gated communities and with world-class amenities catering to an array of budgets and preferences. The city has witnessed several infrastructural upgrades in recent years. It has a strong road network, with several national and state highways passing through it. The infrastructural developments in New Chandigarh have boosted the realty market here. Domestic and NRI investors are flocking to the city because of its high property and land values and the prospect of high returns on investment.
New Chandigarh is gaining a sweet spot amongst the NRI community. The city is known for its well-planned infrastructure, high standard of living, and strong economic growth. This makes the city an attractive destination for NRIs who are looking to invest in property. Additionally, New Chandigarh has a high demand for luxury and ultra-luxury properties, making it a great investment opportunity for NRIs. Also, NRI investors looking to generate additional income prefer investing in plots for their long-term returns since land does not depreciate and will yield good returns if sold in the future. Additionally, it allows them to build their own dream home based on their tastes, preferred designs, and architectural styles.
Another factor that makes New Chandigarh a popular destination for NRIs is its location and serene environment. The city is strategically located near major cities such as Delhi and Shimla, making it a great place to invest in for those looking for a second home. These factors make it a great investment destination for NRIs looking for a second home or a retirement destination.
New Chandigarh’s commercial real estate market has also been growing, attracting many investors and businesses due to its favourable location and infrastructure. This is leading to the emergence of new office spaces, shopping malls, and other commercial properties, providing ample opportunities for businesses to expand and thrive.
