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– Growing challenge for those who want to buy a house near Chandigarh
Chandigarh- Panchkula, Mohali and Zirakpur adjacent to Chandigarh were always considered affordable and convenient options for home buyers. Not only were the prices relatively low in these areas, but the modern facilities here and the proximity to Chandigarh made them special. But now the situation has changed. The tremendous increase in property prices has put these places out of the reach of many common buyers.
Panchkula: Prices rise in premium areas
Property prices in prime sectors of Panchkula have reached ₹ 12-14 crore per kanal. These rates are now at par with the popular sectors of Chandigarh, making it difficult for middle-class families to buy a house here.
Mohali: Investors’ choice, challenge for common buyers
Mohali has become a real estate hotspot due to its rapidly developing infrastructure and location on Airport Road. Recently, 1 acre of land was sold here for ₹ 100 crore, which reflects the rising prices here. However, these prices have made it challenging for common buyers.
Zirakpur: Rising prices with development
Zirakpur, which was popular due to its better connectivity and amenities, has now seen a rapid increase in property prices here too. This area is no longer a cheap option as before.
What are the Affordable Options?
There is still hope for investment in some areas around Chandigarh. These areas are not only affordable but can also give good returns in the future due to better connectivity and development plans. There are many emerging areas near Chandigarh, which are affordable as well as convenient. These can include areas around Shishu Niketan School, places near Sector 43 Bus Stand, Mohali Bus Stand and areas around Mohali Government Civil Hospital. Apart from this, areas near the new cricket stadium and around Sector-39 Grain Market can also be found better options for buying property. These places are not only budget-friendly, but there is also a lot of potential for future development here.
Along with this, there are many projects of Royale Estate Group near Chandigarh, which are budget-friendly and convenient. These include: Royale Estate Zirakpur Oxford Street (Zirakpur), Mohali Industrial Economic Zone (Banur), The Royale Sector 122 (Mohali) and Chandigarh Royale City (Near Aerocity, Mohali).
Piyush Kansal, Executive Director of Royal Estate Group, says, “We have always been committed to providing better options to buyers according to their budget. Even today our projects offer affordable options for those who want to fulfil their dream of owning a house. Whether it is a middle-class family or a young first-time home buyer, we understand their needs and provide property accordingly. This time is very favorable for investment, as these areas are developing rapidly. New roads, better connectivity and modern infrastructure projects will further increase the property value here in the coming times. In such a situation, those who invest now can expect good returns in the future.”
Despite the rising property prices in Panchkula, Mohali and Zirakpur, you can fulfil your dream of buying a house within your budget by investing in the projects of Royale Estate Group. These places are not only affordable but also have the possibility of better returns in the future.
