The Hot Locations Roundup – Chandigarh
Chandigarh, ranked as the hottest emerging city on five key parameters such as real estate, business development etc has become a hub for property builders and developers across the country. Owning the credit of being the first planned city of India, Chandigarh is identified as the top ranking city for potential real estate growth in the market with its rich physical infrastructure and business environment. Property investment in such a promising city will turn out to be an excellent prospect for all the buyers. Here is a list of some of the Hot Locations in Chandigarh to help you out in the home buying process
Panchkula
Panchkula, a planned city in the Panchkula district gets its name from the five irrigation canals located here. It is surrounded by Himachal Pradesh in the north, Ambala district in the south, Punjab to its east and Union Territory of Chandigarh in the west. Pinjore, Barwala, Panchkula, Rajpur Rani and Kalka are the 5 towns in the Panchkula district and it shares its borders with Chandigarh, Solan, Mohali and Ambala districts. Morni, the only hill station in Haryana comes under Panchkula and the entire disrtict holds 42.54% of forest cover, which is the highest in the state.
This township is divided into 3 phases. Sectors 1 to 19, basically an industrial area takes the form of a large triangle, with railway line on one side and Zirakpur Kalka road on the other side of the triangle. This part of the district centers the most prime and well-developed sectors. Sectors 20 to 30, developing to be the modern Panchkula extends its arms to some parts of the Zirakpur Kalka road and either side of the banks of Ghaggar. Phase 3 is the newly proposed project whose sectors extends beyond Ramgarh to the eastern wing of the existing sectors.
Panchkula is apt to be called a hot location with its share of institutions, colleges, schools, hospitals, tourist destinations, theaters, hotels, shopping malls and more in its close vicinity. With rapid real estate developments, this is one of the ideal places to buy a property in Chandigarh.
Zirakpur
Zirakpur, located in the foothills of the Shivalik range is surrounded by Chandigarh, Panchkula and Mohali city from all sides. With the venture of IT Parks in Chandigarh, real estate demands have increased in this area. Leading property developers foresee Zirakpur as a potential central attraction for the city and hence are coming up with world class projects such as Krishna Enclave, Royal Estate and many others.
Zirakpur is witnessing rapid commercial and residential developments on Ambala road with malls, hotels, housing projects and lots others. Zirakpur has good many numbers of air-conditioned and non air-conditioned local buses running through the city, connecting it with Panchkula, Chandigarh and other major parts of the city. It is located on the Patiala-Shimla highway and the Ambala-Chandigarh highway and a proposed plan to increase the commuting facilities to other states and cities is in the pipeline. The nearest airport is located in Chandigarh, which is just 5 km from Zirakpur.
On a finishing note, Zirakpur is growing to be one of the most promising residential localities of Chandigarh, catering to all the amenities and then some with its rich and developing projects. If you are planning to buy a property in Chandigarh, then this is one area that is definitely worth looking into.
Mohali
Mohali, earlier a part of the Rupnagar district has now developed into a separate district and comes under the jurisdiction of the Punjab state. Mohali is a part of Chandigarh Tricity along with Panchkula and Chandigarh, with only the boundary of Punjab and Union Territory of Chandigarh dividing the area. When originally Mohali was conceived it was just an extension road without any unique planning. Now Mohali is targeted as a rich investment opportunity by leading Outsourcing IT companies and Multinational Corporations.
Quark City, a 51 acre Special Economic Zone project is situated in the district of Mohali. This multi-use development area is complete with a residential complex and is coming up with every conceivable urban amenity in its close call. 25,000 direct and 100,000 indirect jobs are expected to be generated out of this project. Another attraction to Mohali is the world known cricket stadium developed by the Punjab Cricket Association (PCA), which draws international fan crowd throughout the year.
Mohali is one of the most hot and happening cities of Chandigarh, booming with developments each passing day. Growth in the real estate sector has been spectacular in the recent years and is expected to be on the increasing graph in the coming years.