Now that it's official that the Planning Commission is in principle against granting of funds for the proposed Metro project for Chandigarh and the Tricity, what is the impact going to be on property prices of locations which were waiting in anticipation of this project?

This is particularly true for the Mullapur location, some parts of Panchkula as well as some outer sectors of Mohali which were banking on the proximity to the Metro in their advertisements. Additionally the Mullapur road widening might also not get the environmental nod from the centre for the time being.
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  • Should have no impact on Panchkula in near future (next 10 years at least) since the approach through road is good enough (and is being improved upon further). However, could well be impacting Mullapur/outer Mohali and other adjoining pockets to an extent.
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