Benefits of Investing in Tricity

1. Benefits of Investing in Tricity Looking to invest in real estate in Chandigarh? The average person might have been misled into believing that real estate prices are exorbitant – that all available properties are high end, and there are probably no low priced properties available. Well, if that is worrying you, let us dispel that myth right here! Chandigarh has properties in all ranges – low end, medium end and high end. Among the so called low end, 2BHK apartments are available for around ₹13.5 to ₹14 lakhs (735 – 820 sq. feet) in Kharar, while in Dera Bassi a 1080 sq. feet 2 BHK would cost around ₹16 lakhs. The high end 2 BHK apartments range from ₹35 lakhs in Zirakpur to ₹70 lakhs in Sector 40. 3 BHK residential apartments start from ₹15 lakhs in Zirakpur (1850 square feet) and ₹20 lakhs in Dera Bassi (1350 square feet), and goes all the way up to ₹80 lakhs in Zirakpur (2010 sq. feet) and ₹57 lakhs in New Chandigarh (1540 sq. feet). Ready to move 3 BHK residential apartments in Mohalla Pharighat of 1550 sq. feet, priced at ₹42 lakhs, are catching the eyes of investors, along with ready to move 3 BHK apartments (2623 sq. feet) in Zirakpur for ₹75.04 lakhs. 4 BHK residential apartments (2670 sq. feet) are being developed in Zirakpur, which is open for booking, and priced at ₹75 lakhs to ₹1.05 crores. Price Trends According to experts, early 2019 could be the right time to buy a property in Chandigarh, as prices are projected to rise thereafter. There was a period of fall in prices in 2016-17, and 2018 saw the Chandigarh real estate boat steadying. The price curve is projected to rise up in 2019. Below is a graph of real estate price trends in Chandigarh, locality wise.

2. Prospects Property rents in Chandigarh range from rupees 4,000 to 3 lakhs per month. Some of the most sought after posh localities are Sector 5, 8, 9, 10, 15, 18, 19, 33, 34, 36 Sector 115, Mohali Kharar, Mohali Sector 69, Panchkula Sectors 7, and 18. While on the other hand, Dhakoli Zirakpur, Nayagaon, Sectors 42, 47-D of Chandigarh, and Sectors 2, 11, 17 of Panchkula are easier on the pocket. Best Localities

3. The most sought after locales in Chandigarh are - Chandi Mandeer, Dera Bassi, Madhya Marg, Mullanpur, Sector 2, Sector 15, Sector 35, Panchukula and Zirakpur. Ease in Registry Cloud-based registration system, National Generic Document Registration System (NGDRS) allows citizens to enter data related to registration and upload documents. Independent houses/villas Chandigarh is not only about apartments. Independent houses of 3 BHK and 4 BHK are being developed by multiple builders at Zirakpur, with prices ranging from 36 lakh to 76.5 lakh rupees. These are open for booking at present, and the location gives these a high potential of attracting tenants. Residential Plots Residential plots in Chandigarh are available for 1,700 rupees per square foot in Zirakpur, and for 2,000 rupees per square foot in Dera Bassi. New Chandigarh has plots of 1,900 rupees per square foot, open for booking. Plots at Mullanpur Garibdass and Mohali cost close to a whopping 3,000 rupees per square foot, to begin with. With the authorities keen to improve Chandigarh’s liveability, these properties are predicted to fetch high returns in the next 2 – 3 years.