Chandigarh has been amongst the first few
planned cities of India and it is also the state capital of both Punjab and
Haryana. This has made this city a vital area for expatriates, diplomats along
with becoming a nucleus of NRI's. Since Chandigarh had been a well planned
city, all the constructions here had been at par with environmental norms.
Apart from this pollution and unhygienic living conditions are not entertained
and all the builders here had to adhere to these factors.
|
Taj Towers Actual Flat |
Chandigarh properties have been witnessing
tremendous growth and this happened in spite of restrictions on the
construction here. The strict government norms continue to exist, but the real
estate developers here have found new means to expand the property sector. All
the new developers have focused here on construction of modern condominiums and
apartments. All of these constructions have expanded too many new areas of the
city.
The booming industry for properties in
Chandigarh has been largely to meet the rising demands of population in
Chandigarh. Most of the emerging constructions here have been in sectors like Mohali and Chandigarh-Patiala highway.
The property expansion here has been focused on building plush apartments and
bungalow. But these constructions are providing the best possible facilities to
the potential buyers.
Most of the apartments in Chandigarh are offered at economical interest rates
and EMI options. Hence the demands for properties in Chandigarh are offered to
potential buyers at reduced rates. These apartments are made in accordance with
modern lifestyle standards. These homes provide for amenities like swimming
pools, community halls, gymnasiums and other related benefits to potential
buyers.
Also the commercial property rates have soared
in these areas because of the emergence of multinational companies and the
expanding governmental sectors. This has forced many of the small developers to
shift to other sectors. Over the past few years the benchmark for rentals has increased
with most rentals going up by 100 percent in the past one year. Sector 8 and
the other commercial sectors have witnessed this boom the most.
Property market in Chandigarh has been
emerging in the periphery and the number of land registration deeds has reached
an all-time high. Even though this sector had witnessed a slump in between, it
has successfully reemerged and regained its lost momentum. The state Government
had gained Rs 88.38 crore as stamp duty and registration fee in Chandigarh
periphery.
The booming real estate sector here has
provided for benefits for both potential buyers and also for the property
developers. The Chandigarh real estate market is expected to grow
with the rise of demands in the northern sector. Chandigarh has also been the
hub to some IT sectors and this industry is also expected to grow here. The
property rates for the commercial sectors are expected to grow, if more
multinational companies set up their bases here. Expansion of the city to
districts and other areas, have given more scope for expansion of the real
estate sector and more options for buyers.
The Taj Towers comprises of
Luxurious 4 BHK Apartments which embrace extravagant luxury to let you live
life on your terms. The Taj Towers is built on the most prominent location of
Sector 104, Pearl City, Mohali, Chandigarh (Punjab). For More Info. Visit:
www.tajtowers.com