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Reasons to Invest in Real Estate in Chandigarh

Are you planning to buy 3 bedroom flats in Chandigarh? You are not the only one. Chandigarh is one of the most famous and preferred places to live. It serves as the capital of two states and is known as one of the cleaned cities in India. In 2015, LG Electronics survey found Chandigarh to be the happiest city in India based on the Happiness Index. This, along with the booming real estate and tourism sector, makes the city no short of a haven for residents.

Insight into Chandigarh’s real estate

After the blow from the pandemic-induced lockdown, the real estate market in Chandigarh had taken a nosedive during April-May 2020. However, the sector has been recovering since last November, with a 45% increase in site visits since the lockdown was lifted. Here are some insights into Chandigarh’s real estate sector.

  • Price

On average, a 2 BHK apartment in Chandigarh can cost you around Rs 40 to 45 Lakhs. However, if you are looking for a 3 Bedroom Flats for sale in Chandigarh, it can cost you around Rs 1 crore. Looking at these figures, you can conclude that property is quite valuable in Chandigarh.

  • Localities

Chandigarh is divided into carefully planned sectors. Each sector comprises most of the prominent facilities such as beautiful parks, wide roads, great environment, parking facility, and more. If you like to hang out, then some of the sectors of Chandigarh have gorgeous restaurants, trendy cafes, clubs, and more.

  • Types of property

You can find a property in Chandigarh in every budget. For example, if you are looking for a 1 BHK flat, then you can get it at Rs 10 Lakhs. Similarly, a budget of 25 lakhs is more than enough for 2 BHK flats in places like Kharar Mohali, Dera Bassi, and Zirakpur.

  • Rental values

If you are looking for property for investment purposes and want to put it on rent for the time being, then Chandigarh can be a great choice. Some of the best places for rental properties are sector 5, sector 8, sector 9, sector 10, sector 15, sector 35, sector 34, and many more.

  • Residential areas of Chandigarh

Chandigarh has a great infrastructure and lifestyle. The sectors are carefully planned and divided. The roads are wide and clean and also have the facility of public transportation. The residential areas also include beautiful parks for children to play and enjoy nature.

Why should you consider living in Chandigarh?

Chandigarh is one of the most beautiful and cleanest places to live in India. A few reasons you should consider living in Chandigarh are as follows:

  • It is a clean place

The roads and public property of Chandigarh are clean and well maintained. The localities are also clean and systemically designed.

  • The tourism sector of Chandigarh is growing rapidly

Chandigarh has several famous places, including the rock garden of Chandigarh, the Sukhna Lake, Elante mall, Timber Trail, the Rose Garden of Chandigarh, and many more.

  • It has a great transportation facility

Chandigarh has all types of transportation facilities, such as roadways, railways, and airways. The public transportation facility is also quite great in Chandigarh.

Chandigarh has become quite famous recently and holds a population of more than 2 million. The main reason for this could be easy transportation facilities, airport, schools and colleges in proximity, and various hang out places. If you are looking for a 3 Bedroom Flats for sale in Chandigarh, then Omaxe Group can help you. Omaxe Group is one of the best and oldest real estate dealers in India. With over 33 years of experience in developing real estate, the group offers you projects that spell luxury and convenience.

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