Chandigarh Property: Indian Real Estate Forecast

Chandigarh, a city popular for its modernistic looks and widely acclaimed architecture has jumped on the technology bandwagon. Real estate is booming in Chandigarh and the numerous projects in and around the city bear witness to the fact. Projects that are focused on not only provide a wide array of amenities, but also on increasing the effectiveness of the place.

With a conducive atmosphere on offer, Chandigarh is an encouraging base for most IT firms to set up an IT center or office in its Rajiv Gandhi Information Technology Park.

Already, there are certain big names in IT, such as, IBM, Dell, Cognizant, Mphasis and Satyam, who are considering making a healthy investment in Chandigarh. And, it is the huge potential for industrial growth that is contributing to the escalation of residential property in Le Corbusier’s city.

As the city’s industrial revival takes shape, the residential property market in Chandigarh also fast picks up pace. Dozens of property deals are being clinched each day, even as Chandigarh real estate prices spiral out of control, whereas they stand stabilised in Gurgaon.

Potential developers are beginning to eye productive property in Chandigarh, and we have the Yash Birla Group Infrastructure Company all set to develop a housing project in the Silver City. And, if you are looking for a potential real estate investment, the following table gives you an indication of Chandigarh Property Prices as of 7th January 2007.