Beyond Chandigarh: Why Panchkula, Mohali and Zirakpur Shine 

Chandigarh, December 24, 2024: Chandigarh, once known as the ‘Dream City’, has become an unattainable destination for middle-class families. Soaring property prices and limited land availability have pushed homes in the city beyond the reach of common people. Known for its excellent education, healthcare facilities, and modern lifestyle, Chandigarh now remains only accessible to those with deeper pockets.

Chandigarh’s Neighbourhood 

Panchkula, Mohali, and Zirakpur, once considered affordable alternatives to Chandigarh, have experienced significant price hikes due to increasing demand and a surge in real estate projects. One of Haryana’s most developed cities, Panchkula, has seen increased investments due to government schemes and connectivity. With rising demand for villas and apartments, Mohali has become a real estate hotspot, though this has led to an increase in prices. Zirakpur, once known for its budget-friendly options, has become more expensive due to improved highway connectivity and infrastructure development.

Ambala and Rajpura

As Chandigarh and its nearby areas become increasingly out of reach for the common man, areas around Ambala, Patiala, and Rajpura, particularly near highways, are emerging as new investment prospects. With improved connectivity on the Ambala-Delhi highway, rapid development, and affordable property prices, Ambala has become an attractive destination for investors. The peaceful and well-organized environment adds to its appeal. Similarly, the Zirakpur-Patiala-Rajpura road offers an ideal location for those buying homes close to Chandigarh but within budget-friendly prices. These areas offer affordable homes with modern amenities and an enhanced lifestyle.

Piyush Kansal, Executive Director of Royal Estate Group, said, “Investing outside Chandigarh today can be a smart move for middle-class families. Areas like Ambala, Patiala, and Rajpura offer affordable properties with the potential for future price appreciation. An investment in the right location could not only fulfill your dream of owning a home but also generate better returns in the future.”

Key Considerations 

Selecting the right location is important to ensure that your investment not only fulfills current needs but also proves profitable in the future. Experts recommend conducting a thorough analysis of projects and considering areas that are witnessing rapid development but still have affordable prices. Despite the continuous rise in prices around Chandigarh, areas like Ambala, Patiala, and Rajpura are emerging as a beacon of hope for the middle class. An investment made at the right time could not only bring you closer to your dream home but also offer significant future returns.

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