Chandigarh Locality, Property Rate and Price Trends

[mmalhot]

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Chandigarh property market had always been about independent houses and villas with buyers opting for plotted developments over apartments, until recently. With many real estate brands venturing into the city, homebuyers have been opting for spacious apartments as well.

Price trend
Average price for 2BHK apartment – around Rs 45 lakh
Average price for 3BHK – Around Rs 1.04 crore.
Average price for 4BHK and 5BHK – Between Rs 2.36 crore and Rs 3.55 crore or more (relative to number of rooms, amenities, total area, location, quality of construction, etc.)

The top localities
Some of the top localities in Chandigarh are Chandi Mandeer, Dera Bassi, Madhya Marg, Mullanpur, Sector 2, Sector 15, Sector 35, Panchukula and Zirakpur.

1BHK options:
Budget up to Rs 10 - Areas like Dera Bassi.
Budget between Rs 25-75 lakh - Kharar Mohali, Dera Bassi, Zirakpur, Zirakpur Ghazipur Road, Panchkula Sector 20, Bhago Majra Road Kharar, Mohali Sector 125, Sector 23, Sector 61 and Dhakoli Zirakpur.

Plotted developments:
Sector 21, Sector 33, Sector 44 Phase 1, Phase 2, Mullanpur land and Industrial Area
Size range - 4,200-18,000 square foot (sqft) and 1,30,000 sqft and above in Mullanpur Land.
Prices - up to Rs 20 crore (negotiable).

Rental values
Total number of properties - 2,400 properties on rent in Chandigarh
Rental range - Rs 4,000 to Rs 3 lakh per month.
Popular plush rental localities in Chandigarh - Sector 5, 8, 9, 10, 15, 18, 19, 33, 34, 36 Sector 115, Mohali Kharar, Mohali Sector 69, Panchkula Sectors 7, and 18.
Popular affordable rental localities in Chandigarh - Dhakoli Zirakpur, Nayagaon, Sectors 42, 47-D of Chandigarh, Sectors 2, 11, 17 of Panchkula, etc.

............................

The figures are taken from one source and may vary from source to source. Members are more than welcome to give their real time inputs.

[aarora98]

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I want to buy corner commercial plot in mullanpur 300 sq yds. How much can I get in todays market.

[vivek srivastava]

hey! investing in mullanpur is not a good decision in coming years . mullanpur has surrounded with bypass roads . Peoples find alternative roads to reach thier destination and mullanpur has been cutting off in coming years .People prefers bypass than entering in mullanpur road. So there are less chances to improvise your business. So in my opinion you should try around kharar NH 21 road . There are many societies and flats is constructing on thier full swing . the area of kharar is developing day by day in commercial as well as residential view.