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Rising Real Estate Prices in Chandigarh India By: Megrisoft Limited

Chandigarh (India) is Beautiful city of the World. The name Chandigarh was derived
from the famous temple called 'Chandi Mandir'. 'Chandi' is the Goddess of Power
Forgot Password? New and 'Mandir' means temple. 'Garh' or fort beyond the temple, the beautiful city
User? 'Chandigarh' name was derived.

Chandigarh is the capital of two states i.e Punjab and Haryana. After independence,
India had invited the great architect, Le Corbusier to design the new capital of
Punjab, as the earlier capital Lahore had gone to the Pakistan after partition. But, the
Home Based Business city does not belong to any of the two states. Now, it is a UT (Union Territory)
Health & Fitness which means city is administered by the Government of India.
Arts & Entertainment
Loans The structure of Chandigarh is divided into sectors or blocks of houses. Each sector
Small Business has its separate shopping center and well planned parking system. The city is well
Alternative Medicine known for its lush green gardens, parks, well-constructed roads. There are no. of ,
Business picnic spots, places to visit and enjoy like Rock Garden, Rose Garden, Sukhna Lake,
Vehicles Museums, Art Galleries and many more.
Religion
Internet Marketing Chandigarh is the India's fastest growing city in the Northern India. The transport and
Weight Loss communication facilities in the city are good and effective. The sectors are connected
Pets by means of planned transport system and well-constructed roads.
Beauty
Marketing As we all have a brief introduction of the city, Now a question comes in our mind
Relationships that if one city provides these facilities then what would be its land or real estate
prices?. Do you know, these prices are now rising very fast. Why these prices are
View all Categories rising?, What are the reasons behind these risings?, How long will they rise?, What
would be the real estate prices in the coming years?. Following are the points that
give answers to all these questions:
Submit 1) Why real estate prices are not affordable by most of the people? In Chandigarh,
there is every class of buyers like big landlords, industrialists, NRI's, traders, well
settled doctors and lawyers etc. who are ready to spent 60 lakhs to crores for their
dream lands. After purchasing these lands, they have to spent additional amount of 40
- 50 lakhs on construction and renovation to build their dream houses. When these
people are ready to buy real estate in any price, they are not bothering the money,
then what happens to the ordinary man?

2) Chandigarh is growing very fast in IT field. Chandigarh Technology Park (CTP)

is a boom for IT professionals in the city. Many big and multi-national companies
like Infosys, Wipro, Convergys, EDC etc. are set up their centers in IT park. Quark is
also planning to establish their separate IT city called 'Quark city' in Mohali. Earlier,
many professionals had to shift to other places in search of high employment. But,
due to advancements in IT sector, the city has become the magnet for professionals.
This not only provides high level employment to many professionals but also helps
in increase the economy and quality of life in the city. This trend is likely to increase
the value of property still more.

3) Increase in the foreign investment has actually fuelled the rising in the real estate
prices. Foreign companies in the Chandigarh IT Park are one of its examples. Again,
more advance people, less will be the land and more will be the real estate prices.

4) Chandigarh is connected to Punjab, Haryana and even Himachal. The city is

greatly influenced by the culture and people of Punjab. Also, It is on the route to the
hilly regions of Himachal and towns of Punjab. In daily life, the city is visited by
many people. Chandigarh provide all facilities, which can also be one of the reason
for adopting more and more people. As the effect, property values in the city are
rising.

5) Adjoining areas of Chandigarh like Mohali, Panchkula, Manimajra are developing

very fast. They also provide every facility like in the city. People are moving to these
places as these are well connected to the city with effective transport facility. More
Shopping malls and multiplexes are constructed in various areas. People become
broad-minded and more advanced. Their status of living has changed a lot in the past
years. They do not prefer to settle in other places.

6) Don't forget the education department of the city. The city has a vast facility of
education and every kind of institute. Punjab University and Chandigarh Engineering
College are the boom for the local students as well as students from nearby areas.
Students have wide opportunities to opt for any institute and make their dreams
come true. These students are getting more at one place than what they required or
expected.

7) There is no doubt in the fact that it is fastest growing city. Whether engineer,
accountant, lawyer, doctor or any professional, they all are attracted by their
respective fields as city is providing them full fledge opportunity to show their skills.
This professionalism has changed the thinking of the people. If a person is getting
full opportunity to show his talent and to explore him at one place, then why would
he prefer other places?

8) India's capital, Delhi has developed in every field. With its fast life, Delhi is
becoming more and more polluted and crowded day by day. It has easy access to
Chandigarh via. road of only 5 hrs drive. People resides in the capital(Delhi), prefer
to shift and settle in the city(Chandigarh). More and more people arrival in the city
means less and less land is available every year. In the answer, land prices are rising.

9) Chandigarh is well-planned, well-organized and well-maintained city. As this city

is full of gardens and pollution free, People who resides here for few months or years
and due to some reasons like transfer etc., they have to left the city and find it
difficult to reside and settle somewhere else. They not prefer to reside in other place
as they feel inferior quality of life as compared to that in UT.

10) Trading is also one of the reason of increasing the land prices. Today, there are
around 600 factories, large, medium and small scale units in the city. The industries
like electronic goods, food products, plastic products, leather goods and many more
can be found in every scale. Obviously, People involved in these types of businesses
wants to explore their business. Due to this, they prefer to settle here and in the
answer land prices are rising.

Many builders stepped in the real estate business, as an investment they are buying
old houses and now selling them at huge profits. High land prices are getting out of
reach of the common man. How a man can buy these lands of high prices, which has
to work hard to meet three times meals?
If all these things are continuing in the way they are, then you can well imagine what
will be the property prices in the coming years? Ordinary man could not even think
of purchase the property with unexpected high prices. As a result, Chandigarh will
become the city of rich people only.

About the Author

The Article is written by Megrisoft Team specialized in web services and based in
Chandigarh. See http://www.chandigarhcity.com for more information on Chandigarh
Real Estate .
 ____________________________

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