After a sluggish 2014, real estate activity has picked up steam in Chandigarh and its adjoining tricity areas of Zirakpur, Panchkula and Mohali. Zirakpur especially has been on the road to revival as the area has witnessed a massive upside for real estate projects in recent times.
Earlier developers getting occupied or more focused on projects at hand in greater Mohali are now focusing their energies back on the tricity peripherals. Te opening of the new Chandigarh international airport also augers ell for the area especially Zirakpur as the area has witnessed massive high end luxury residential apartments.
Apart from Zirakpur, the Kharar-Landran road and Landran-Banur road areas termed as Mohali Extension are among the key micro markets in the Greater Mohali region which are witnessing a revival of real estate fortunes. Almost all big-ticket developers like Ansal API, EMaar MGF, TDI, and JLPL have active projects lined up in Zirakpur brining real estate activity at par with New Chandigarh hosting the new Chandigarh international airport.
Good Connectivity and Low Prices Auger Well for Zirakpur: The basic parameters that make Zirakpur stand out as a real estate destination includes very good connectivity with Chandigarh and Mohali. Other key drivers of the realty market space in Zirpakur are low cost of residential projects compared to Chandigarh and posh areas of Mohali. A stone throws distance from IT SEZ and demand flowing in from the professionals operating from the companies located in Sectors 72-75 also make Zirakpur a hotbed of real estate activity.
Affordable Rates and Multiple Project Availability: With real estate price in Chandigarh and Mohali hitting the roof, buyers are now grabbing up real estate options in Zirakpur. For example in Mohali the prices of high-end apartments have already touched Rs1 crore mark while the same in Zirakpur for a semi luxury 3 BHK residential apartment range between in Rs 45 to Rs 60 Lakha range making it more affordable to a wider section of buyers and investors alike.
Improving Social and Civic Infrastructure: One thing that always went against the real estate landscape in Zirakpur was the poor social and civic infrastructure compared to posh areas of Mohali, greater Mohali, Panchkula and Chandigarh city. Now with real estate activity thriving in the area, the government is also ensuring speedy work on civic and social infrastructural issues especially with the new Chandigarh airport project getting functional.
Is Delhi-NCR real estate moving sluggish
If the recent trends in real estate market in Delhi are to be believed, there is a significant dip in the units sold in the capital and NCR in the last 18 months. The sluggish trend has been whistled by lack of incentives from the administration which is focussing on clearing infrastructure road blocks rather than giving green signal to new projects. With paper works in the backlog, new projects in Delhi are at pause, at least for the rest of the year 2015.
Tips for new residents in Panvel to understand their locale better
Panvel has seen a major transformation from a sleepy suburb to a satellite town and finally to a full-fledged city. The growing population willing to reside in the Mumbai MMR region, the shortage of adequate real estate destinations in Mumbai region has made investors and buyers look at Panvel as their best option. Panvel was famous from its lush green surroundings and farm houses. With changing times and inflow of population there are abundant new projects available in Panvel for investors and buyers alike.
Looking for a green living space in Zirkapur Here are options
Zirakpur located near Chandigarh and part of the tri city comprising of Chandigarh, and Mohali is one of the most popular real estate destinations. While Mohali and Chandigarh investors have had the luxury of investing in properties located closer to nature with lush green belts and parks, Zirakpur residents often faced concrete jungles.
