Buying a house in Chandigarh? Three tips that can help you

Chandigarh is one of the most developed cities of India and owning a home here could be a dream comes true for many. If you are considering making a purchase in this capital city then the following piece of advice should go well with you.

Chandigarh is clichéd as one of the most beautiful cities of the country. Surprisingly, this beauty doesn’t comes naturally to the city as neither it has the lofty mountains, sprawling grasslands and miles of tea gardens of Ooty nor does it has multiple lakes and scenic backwaters of Kochi. The beauty of the union territory cum capital of two states lies in its meticulously planned infrastructure and neatly crafted gardens. A creation of man in its entirety, Chandigarh has earned international acclaim for its radical urban design, high cleanliness standards and top human development index. With a per capita income of INR 99, 262, the city is indeed richer than all the other cities in India and may be that is the reason that swanky rides and sprawling houses are a common sight here. With so much going in its favor, it doesn’t come as a surprise that you might be thinking of buying a house in the so called “Pensioner’s Paradise”. However, there are things that you must consider, and relevant research that you must do to ensure that every iota of your investment is worth it. The following advice, if heeded to, might help you close a favorable deal.

• Plot versus apartment

A distinct feature of real estate micro market of Chandigarh is that the natives of the city prefer to

park their funds in plots rather than flats. Whether this attitude can be owed to the inherent affinity of the city to open spaces or an affluent lifestyle is difficult to say. But one thing which is definitely worth mentioning is that plots do have an advantage over flats as they provide the flexibility to construct houses as per the respective needs of the owner. If you are one of those who value your freedom and preferences more than anything else than plots is the way to go. Apartments in Chandigarh are relatively a newer concept limited to IT/ITeS dominated areas of Mohali, Greater Mohali and Zirkapur, tapping the growing demand from the white collar professionals

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Buying a house in Chandigarh? Three tips that can help you

employed in these industries. If you are one of these professionals then buying an apartment would probably more make sense.

• Geographical Factors

The city is known for its immaculate planning and as such every sector is self-sufficient with optimum infrastructural facilities and other necessities like optimum power supply and water supply. Still, there are areas which enjoy certain geographical advantages, which might figure in the factors affecting your search for house or flats in Chandigarh. Sectors 1 to 17 are considered as the prime locations inside the city as all educational institutions, PGI hospital, important government structures like Assembly House and High Court are located in vicinity to these sectors. Mohali and Greater Mohali, which are located south-west to Chandigarh, are now considered as the extension of the city itself and the twin cities serve as a good alternative to accommodate the spill-over housing demand of Chandigarh. Mullanpur, another satellite town lies in north-west of Chandigarh and is being promoted as “New Chandigarh”. This is a low density urbanized area, and will suit to those who want a sprawling campus away from the hullabaloo of the city.

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Buying a house in Chandigarh? Three tips that can help you

• Price matters

Budget is certainly a prime consideration to keep in mind, whether it is Chandigarh or any other city. The property rates in Chandigarh and surrounding region vary and therefore your decision to buy a home in Chandigarh will also hinge on this one factor. Localities like Sector 7-11 and Sector 15-23 have the maximum traction owning to their close proximities with important infrastructure and hence, the land rates here are the maximum; between INR 22,000 to 23,000 per square feet. Homes in these sectors are sort of exclusive and exclusivity do comes at a price. However, if you want to settle for less than Sector 45-62 and Sector 63 provide good housing options at affordable price range of INR 5000 to 6000 per square feet. Mohali has similar property prices while Greater Mohali is even cheaper at INR 2000 to 3000 per square feet.

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