KS Group- The Impact of Infrastructure Development on Property Prices in Zirakpur

1. The Impact of Infrastructure Development on Property Prices in Zirakpur Zirakpur is a developing suburb located near the Tricity. The real estate market of Zirakpur is currently witnessing a significant change. The property prices in Zirakpur are growing upward as the infrastructure is being developed. It is a more attractive place for both homebuyers and investors. This blog will discuss how this infrastructure growth is changing the future of property in Zirakpur. Core Infrastructure Developments Driver Growth The development of major highways like the Chandigarh-Ambala Highway and new expressways has reduced travel time between Zirakpur and its nearby cities. This connectivity is now attracting more people working as professionals to Zirakpur as their potential home. Apart from its strategic location close to Chandigarh International Airport, another great advantage is that any traveler seeking domestic as well as international connectivity has been through Zirakpur. Improved connectivity has benefited residents and commercial growth, thereby establishing Zirakpur as the optimal site for the retail, business, and hospitality sectors. The Positive Impact on Property Prices The infrastructural developments are directly affecting the property prices in Zirakpur. Properties, especially those near newly developed highways or commercial hubs, are seeing huge demand and thus increased prices. According to industry analysts, these areas are witnessing substantial capital appreciation, which is also proving to be beneficial for investors and homebuyers. The areas, such as the Patiala Road corridor, next to new infrastructure projects, are seeing marked price increases. Thus, these events are supposed to feed further price escalations in the long term. With more shopping centers, schools, and hospitals escalating the area's desirability, it is obvious that real estate investment within Zirakpur assures healthy returns every time. Hence, Zirakpur exemplifies a choice for homebuyers wherein comfort prevails along with long-run investments. The Future Outlook Looking ahead, Zirakpur has the potential to benefit from an increase in infrastructural projects. Future developments, like further highway expansions, improvements in public transport, and new construction of residential complexes, are expected to boost demand for properties. As the

2. locality's infrastructure continues to improve, the value of properties is expected to rise, making it a preferred investment destination for those aiming to invest in the likely growth of the Chandigarh Tricity region. Ultimately, in conclusion, the still-to-be-developed infrastructure within Zirakpur will modify the real estate market with escalated property values and develop an attractive arena for potential homeowners and investors. Growth will just continue, and as it starts, the 3 BHK in Zirakpur will become a favorite option in the Chandigarh Tricity region. Sources: https://www.business-standard.com/content/press-releases-ani/high-connectivity-high-demand- how-chandigarh-tricity-s-infrastructural-development-is-transforming-real-estate-market-124112 900806_1.html https://www.motiaz.com/blog/real-estate-development-trends-in-zirakpur