Tremendous Growth in the Residential Properties

Chandigarh, the only capital of two states- Haryana and Punjab stands high on the real estate charts. The city attracts people from across the country to invest in the property here. It ranks second in terms of per capita income. The article will guide you through the lucrative property options in the city beautiful.
City has a wide network of gardens increasing its beauty manifold. The rates of the residential property are touching the sky in Chandigarh and so is the growth of its infrastructural properties. There is an enormous rise in the residential plots in Chandigarh and its nearby areas. Developing into a major IT hub, it has opened gates for numerous property dealers who want to deliver modern style of homes and flats in Zirakhpur, Mohali, and Panchkula and other nearby areas. All the properties are furnished with modern amenities and recreational facilities.
A well planned city, Chandigarh has become a base for major IT companies who are seen investing in properties here. The present scenario is such that the all the companies want prime locations for their set up. Thus a perfect blend of infrastructural facilities with the calmness of the city has made the various properties in Chandigarh highly demandable.
Properties in Chandigarh have seen a hike of about 40-50 percent in the last few years. Below are listed few properties in Mullanpur, a nearby area of Chandigarh which has received tremendous appreciation from people.
Mullanpur is riding high on the minds of both buyers and dealers. In Mullanpur top construction companies are building residential societies. These have been a enormous hit amongst the people for Chandigarh and all over.
1) DLF is constructing a super mega mixed integrated industrial park in around 1200 acres of land.
2) Greater Punjab Cooperative Society is constructing a mega housing project on 126 acres of land.
3) Omaxe is also introducing a luxury township project that extends across 170 acres of land.
4) Apart from these big names, there are few other developers who are planning to launch their projects in a short while. From them the major ones are PBR Infra and Altus.
5) GMADA (Greater Mohali Area Development Authority) is also constructing an urban estate covering an approximately 400 acres of land at Mullanpur.
All the projects discussed above are eco friendly in nature, keeping in mind the concept of Green rating. Along with this, the state government is putting in efforts to bring up the infrastructure of the area as a whole.
Along with the various township projects, there are many luxurious five and seven star hotels, malls, theme parks, golf courses, malls being constructed throughout the city and in its neighbouring areas.
This upward shift and huge investments in the city show that buyers as well as developers are showing great interest in the properties of the city. The improved domestic connectivity has brought the real estate of Chandigarh as a forerunner in the domestic real estate sector of Chandigarh.

Jim Boyd is a finance and Property advisor For how to invest in real estate. It would be highly beneficial to invest in properties in Chandigarh [http://www.royalemansions.com/] and its nearby areas.

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