Home sweet home! How many times have we read this quote? Probably, a lot. Yet, how many of us make investments seriously? Probably, a few.
If you are looking at real estate investments, the best property in Chandigarh can prove as wise assets. Chandigarh is a place that has nearly 2.5 lakh ready-to-move units. So, as real estate booms even after the pandemic, it’s vital to keep an eye on this phenomenal city.
In this article, we will provide practical reasons why you can invest in real estate in Chandigarh. So, investors, let’s understand and explore why Chandigarh can become your next home!
Chandigarh: Brief Facts and Figures
Before moving on, let’s take a look at some geographical facts related to Chandigarh.
- Name: Chandigarh
- Type: Union Territory/City
- Region: Northern India
- Distance from New Delhi: 260 km
- Language: English, Hindi, Punjabi
This northern union territory is one of the wealthiest towns in India. Importantly, Chandigarh ranks 4th on the list of top 50 global emerging outsourcing and IT services destinations.
Thus, if you are exploring the property market in Chandigarh, a bright future is well on the cards.
Real Estate in Chandigarh
Owing to the strong government employment presence, the per capita income of Chandigarh is stable.
That is the main reason for real estate development in this territory. Due to better purchasing power, investors enjoy the luxury of facilities in Chandigarh.
Also, Chandigarh has the largest number of vehicles per capita in the country. Hence, roadways are another plus point of this territory.
The real estate industry benefits from a well-connected network of roadways. In addition, the Chandigarh airport and junction railway station accentuate the property market.
Why Invest in Real Estate in Chandigarh?
Apart from the general advantages mentioned above, these points justify investing in Chandigarh real estate.
Chandigarh is the capital of two important Indian states – Punjab and Haryana. This position makes Chandigarh an important administration region.
Also, with crucial connectivity, businesses flourish more than usual in this city. In addition, homeowners can benefit from the trade between the two states.
Home to Relishing Biodiversity
Chandigarh has many forests that support flora and fauna. In winters, the Sukhna Lake lights up with the presence of migratory birds.
In addition, Chandigarh has natural attractions like:
- Sukhna Wildlife sanctuary
- Dhanas Lake
- City forest park
So, if you adore nature, it’s highly beneficial to invest in real estate in Chandigarh.
The Employment Factor
Chandigarh is prominently known as ‘pensioner’s paradise.’ Hence, government jobs boost the overall demand side of the economy.
In addition, the ever-growing industrial sector attracts trade and business. Hence, the flourishing employment factor boosts the growth of real estate.
A strong economy is an investor’s delight. Importantly, Chandigarh has alluring prospects for a bright future.
Booming Education Spot
Families move to a city and explore amenities, tourist spots, and solid infrastructure. However, amidst all these factors, they look for a renowned educational institute. After all, children need reliable education facilities.
Chandigarh has several private and public educational institutes. Some prominent ones are:
- Delhi Public School
- Post Graduate Government College
- St. Stephen’s School
Hence, educational institutes boost investment in the real estate sector. In other words, they provide a strong reason for consumers to buy properties in a city.
Top Localities in Chandigarh
If you want to invest in real estate Chandigarh properties, these residential areas are top-notch:
- Sector 5
- Dera Bassi
- Sector 10
- Sector 33
- Sector 8
- Madhya Marg
For commercial investors, these locations are strategically conducive real estate options:
- New Chandigarh
- Clockton high street
- Sector 17
- Sector 19
- Vikas Marg
- Sector 34
- Sector 43
Chandigarh is a balanced territory. At this time, the pandemic has put high emphasis on real estate investments. This type of investment is more stable than other sources. Importantly, investing in property pays for the long run.
If you want to invest in real estate in Chandigarh, the Omaxe group is here to help. For more than 30 years, we have garnered trust and reputation in the real estate market.
So, you can explore properties in Chandigarh at your fingertips. Residential or corporate, Chandigarh is a place for all types of investors.