Investment in Panchkula - Indian Real Estate Forum

Ace Ventures · 25-10-07

Panchkula is a satallite town of Chandigarh and is experiencing a tremendous beem in reality.

Current options to invest in Panchkula are the newly carved sectors where the property prices are less than half of what prevail in old sectors. The prices are increasing sharply due to development in new sectors. The expected return on property in these sectors is more than 35%.

vikas · 25-10-07

Really...Panchkula is a satellite town of Chandigarh and is experiencing a tremendous boom in realty. I also want to invest there . Is there any body who can tell me latest scenario of real estate in Panchkula which make my investment a fruitful one for me ?

26-10-07

Chandigarh has already been overrated and the rates are already hit the high long time back...Actually the prices recently have been falling.
Please look at the big picture before you invest any money anywhere. It makes sense to buy now at htese high rates only if you plan to live there, not for investment.

26-10-07

This is nonsense
there is no boom
I have been lookig at buying plot in panchkul and if anything prices are sliding down not up

Ace Ventures · 29-10-07

Why not invest in new sectors like sector 27 & 28? The prices are low and sectors are developing fast. The expected appreciation in prices is nearly 35%.

Other option is sector 6 at Mansa Devi Complex. This sector is next to IT park, Chandigarh. The prices are comparable to other sectors in Panchkula. But this sector would share all the amenities being developed at IT park. The prices are going to rise in future and would be comparable to prices in Chandigarh.

Moreover, Parsavnath is developing huge property half a kilometer away where the prices are much higher.

sanjeev_magoo · 20-02-12

I had an update on the IT Park in Panchkula and now the construction has started in more than 3-4 projects. here is one link to the progress
http://www.PanchkulaITPark.co.in/

Thapa1 · 21-02-12

Rates are down in Panchkula by considerable margin, also endorsed by HT in their article in HT Estate dated 18 feb.

AnkurPune · 21-02-12

Anyone thinking of buying a property in core Chandigarh / Panchkula should think twice. The rates defy any logic and if not a substantial drop, be prepared for long term stagnant prices. I would not buy property here for self use, leave alone investment.

If I have to buy, I would look at the outer periphery where prices are considerably less.

ATLGUY · 21-02-12

"I would not buy property here for self use, leave alone investment."

I beg to differ - If someone can afford and need for self use the best place which are currently habitable is PKL sectors - Planned sectors with parks, established schools, markets at every corner

jatinderchd · 21-02-12

Quote:

Originally Posted by ATLGUY

"I would not buy property here for self use, leave alone investment."

I beg to differ - If someone can afford and need for self use the best place which are currently habitable is PKL sectors - Planned sectors with parks, established schools, markets at every corner

Agreed point to point with ATLGUY. Living in developed Panchkula/chandigarh sectors is like the best place in the northern India.

25-10-07	#1
Ace Ventures New Member Join Date: Oct 2007 Posts: 16 Thanks: 0 Thanked 0 Times in 0 Posts	Investment in Panchkula Panchkula is a satallite town of Chandigarh and is experiencing a tremendous beem in reality. Current options to invest in Panchkula are the newly carved sectors where the property prices are less than half of what prevail in old sectors. The prices are increasing sharply due to development in new sectors. The expected return on property in these sectors is more than 35%. Last edited by Saumya; 25-10-07 at 02:26 PM.

25-10-07	#2
vikas New Member Join Date: Feb 2007 Posts: 10 Thanks: 0 Thanked 0 Times in 0 Posts	Investment in Panchkula Really...Panchkula is a satellite town of Chandigarh and is experiencing a tremendous boom in realty. I also want to invest there . Is there any body who can tell me latest scenario of real estate in Panchkula which make my investment a fruitful one for me ?

26-10-07	#3
suhan Unregistered User Posts: n/a	No use at these high rates Chandigarh has already been overrated and the rates are already hit the high long time back...Actually the prices recently have been falling. Please look at the big picture before you invest any money anywhere. It makes sense to buy now at htese high rates only if you plan to live there, not for investment.

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26-10-07	#4
doit Unregistered User Posts: n/a	This is nonsense there is no boom I have been lookig at buying plot in panchkul and if anything prices are sliding down not up

29-10-07	#5
Ace Ventures New Member Join Date: Oct 2007 Posts: 16 Thanks: 0 Thanked 0 Times in 0 Posts	Why not invest in new sectors like sector 27 & 28? The prices are low and sectors are developing fast. The expected appreciation in prices is nearly 35%. Other option is sector 6 at Mansa Devi Complex. This sector is next to IT park, Chandigarh. The prices are comparable to other sectors in Panchkula. But this sector would share all the amenities being developed at IT park. The prices are going to rise in future and would be comparable to prices in Chandigarh. Moreover, Parsavnath is developing huge property half a kilometer away where the prices are much higher.

20-02-12	#6
sanjeev_magoo New Member Join Date: Dec 2008 Posts: 10 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	I had an update on the IT Park in Panchkula and now the construction has started in more than 3-4 projects. here is one link to the progress http://www.PanchkulaITPark.co.in/

21-02-12	#7
Thapa1 New Member Join Date: Dec 2011 Posts: 35 Thanks: 67 Thanked 11 Times in 8 Posts	Rates are down in Panchkula by considerable margin, also endorsed by HT in their article in HT Estate dated 18 feb.

21-02-12	#8
AnkurPune Member Join Date: Jul 2010 Posts: 302 Thanks: 18 Thanked 31 Times in 21 Posts	Anyone thinking of buying a property in core Chandigarh / Panchkula should think twice. The rates defy any logic and if not a substantial drop, be prepared for long term stagnant prices. I would not buy property here for self use, leave alone investment. If I have to buy, I would look at the outer periphery where prices are considerably less.

21-02-12	#9
ATLGUY Member Join Date: Mar 2011 Posts: 143 Thanks: 12 Thanked 9 Times in 9 Posts	"I would not buy property here for self use, leave alone investment." I beg to differ - If someone can afford and need for self use the best place which are currently habitable is PKL sectors - Planned sectors with parks, established schools, markets at every corner