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in Finance / Banking by Jeetseo on 08/21/2017

Commercial Real Estate Looks Promising In Chandigarh
Owing to its well-planned infrastructure, availability of land, quality human resource base, and favorable policies, Chandigarh has become an attractive destination for IT and ITeS companies. Meanwhile, international technology giants IBM, Dell, Quark, TCS, Wipro and Infosys have already set up their huge facilities in the city. And definitely the trend casts positive impact on real estate markets in Chandigarh.
Chandigarh is touted as the first planned city of India. With time, the city boundaries have sprawled to the radius of 40-kms from 8-kms, and a number of settlements from the states of Haryana, Punjab and Himachal Pradesh have been incorporated in the city.
Of late, real estate majors like DLF, Ansal, Unitech and Omaxe have launched their projects in different parts of the city, and the city is poised to emerge as a potential alternative for software companies, as a suite of IT majors making a beeline to establish their units in the city.  

Growth Drivers
Development of 375 acre Chandigarh Technology Park (CTP) at Manimajra, north-east part of Chandigarh, and IT park in Mohali has attracted the attention of IT companies to the city.
The projects boast of state-of-the-art infrastructure and facilities equivalent to those available in the cyber cities of Bangalore and Hyderabad. Furthermore, DLF has set up its Infocity within the CTP zone, in view of extending world-class facilities to these techno-giants.
Now that these projects have been enjoying enviable success, real estate in Chandigarh has turned hot. The capital prices and rentals in the commercial segment have been consistently rising in the past 3-years, however a bit of slowdown is noticed in the residential segment.
Besides, the city is well-connected with all the major parts of the country and the state of local infrastructure is also quite impressive.
Of Capital Values and Rentals
Presence of big companies has affected the properties in the prime commercial areas. At present, rentals at Sector 19 are treading at historic highs of Rs 90 per sq. ft a month, while the same hovers between Rs 20-35 at Sector no. 17 and 22.
The capital values have also soared to Rs 10-11,000 per sq. ft at Sector 17 and 19. Prices at Sector 22, however, are quite moderate at Rs 6-7 per sq. ft.
Future Outlook
With business environment turning positive in Chandigarh, the real estate sector of the city is set to remain on high trajectory of growth. According to the professionals from the industry, Real Estate Company in Chandigarh

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Commercial Property - City Court is the Best Commercial Property In Zirakpur located on National Highway and providing 21% Assured Returns

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