Property In Chandigarh Sees A Lucrative Scenario

By Author: maaya mehta
Total Articles: 118
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Chandigarh, the city that serves the capital of two states, Punjab and Haryana is known for its beauty, tranquility and organized inhabitants. Realty sector in Chandigarh is highly demanded in both commercial as well as in residential properties.

Also, the lucrative set-up of Chandigarh Properties has attracted reputable real estate developers from all over India. The accomplished investment atmosphere of Chandigarh has promoted large-scale investments in the city-especially from the Information Technology (IT) sector. Big IT names like Dell, IBM and Satyam has made considerable funds in the city and made Property in Chandigarh a highly enviable commodity.

Seeing this continuous advancement in the commercial properties in Chandigarh, it's the suitable time for investors to empower over a commercial property in the city. Constant growth of commercial sector in the city will automatically influence large number of migrants from different cities. This will increase the demand of residential property in Chandigarh as accommodation is the primary need of the person after shifting to the new place or city.

As ...
... per the real estate market situation in Chandigarh, in the last six months there has been a fall in the residential properties. Around 15%-20% rates for small properties have gone down whereas for the larger properties like 1 kanal it has been static in Chandigarh residential properties in last one year. Both the investors and the sellers are waiting for the slouch to settle down before going into any transaction.

The rate of registration of a plot in Chandigarh fixed by the administration is Rs 19,200 per square yard on which the registry is believed to be done. Whereas, the market rate in sectors like 18, 19, 21 and 22 is around Rs. 60,000 per square yard. The registration rate in Mohali and Panchkula is around Rs 10,000 to Rs 14,000 whereas in the suburbs it is between Rs 4,000 to Rs 6,000.

Seeing the money-spinning growth in the realty sector, no wonder people will end up going to several property agents for buying and renting the property in Chandigarh. Thus for those who are blindly trusting the property agents, it is advised not to do so. Instead you can perhaps register on any of the online classified site and pick the best land in terms of price, locality and amenities etc straight from the reliable dealers. Buying property online will for sure lower the scope of buying a forged property and you will to get the wide variety of options to choose from as compared to property dealers. Plus, you can also refine your search on the basis of price and the sq ft area of the land.

Visit free classified to see search results for Property in Chandigarh Like room on rent in Chandigarh and Apartments for rent in Chandigarh like Houses for sale in Chandigarh