Best Areas to Invest in Property in Chandigarh, Mohali, and Zirakpur (2024)
The Tricity region—comprising Chandigarh, Mohali, and Zirakpur—has emerged as one of the most lucrative property markets in North India. With its strategic location, robust infrastructure, and a growing job market, many investors and homebuyers are actively searching for the best areas to invest in this dynamic region. In this blog, we’ll explore the top localities, their potential, and why they make an excellent choice for real estate investment.
1. Chandigarh: The City Beautiful
Key Areas to Invest:
- Sector 44 to Sector 49 (Mid-range)
- Manimajra (Affordable)
- Sector 17 and 22 (Premium)
- Dhanas (Upcoming development)
Chandigarh remains a top choice due to its high livability standards, world-class infrastructure, and cleanliness. For investors looking for properties that appreciate steadily, areas like Sector 44 to 49 offer excellent mid-range flats and independent houses. The luxury segments in Sector 17 and Sector 22 are great for those eyeing high-end clients.
One of the trending investment destinations is Manimajra, which offers affordable housing options compared to the city’s core sectors but with the same accessibility. Dhanas is another rising location, thanks to government-backed development initiatives and affordable property prices.
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2. Mohali: The Emerging IT Hub
Key Areas to Invest:
- Sector 66, 67, and 68 (Residential)
- Sector 88 and 89 (Affordable & Upcoming)
- Aerocity (Premium)
- Airport Road (Future growth)
Mohali has quickly evolved from being a satellite town of Chandigarh to a bustling IT and education hub in its own right. With the advent of IT companies and education institutions like IISER and NIPER, property prices in Sector 66, 67, and 68 have risen but still offer excellent returns on investment.
Aerocity and the areas around Airport Road are key zones for investors, especially those looking for high-end residential and commercial properties. Many new affordable housing schemes are being launched in Sector 88 and 89, making these ideal for first-time buyers.
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3. Zirakpur: The Commercial and Residential Powerhouse
Key Areas to Invest:
- VIP Road (Residential/Commercial)
- Patiala Road (Budget Housing)
- PR7 Road (Premium)
- Gazipur Road (Upcoming residential projects)
Zirakpur has rapidly transformed into the largest commercial and residential hub in the Tricity region. Its proximity to Chandigarh International Airport and well-developed infrastructure has fueled its growth. The VIP Road area is known for its mix of residential and commercial projects, attracting investors due to its accessibility and high rental yields.
Patiala Road is ideal for budget-conscious buyers, while the premium housing segment around PR7 Road and Gazipur Road offers luxury apartments and gated communities. New and upcoming residential projects make these areas prime spots for future investment.
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Why Invest in the Tricity Region in 2024?
- Growing Job Market: With more IT parks, corporate offices, and educational institutions being established, the demand for housing in Tricity continues to rise. Whether it’s Mohali’s IT boom or Zirakpur’s connectivity to major highways, investors are benefiting from both residential and commercial properties.
- Excellent Connectivity: The upcoming PR-7 Ring Road and improved rail and air connectivity ensure seamless travel between cities, attracting even more real estate development.
- Affordable and Luxury Segments: Whether you’re looking for affordable housing or premium options, each city offers a range of choices. Mohali’s Sector 88 and Zirakpur’s VIP Road continue to draw mid-range and luxury buyers.
- Long-term Appreciation: All three cities have seen significant capital appreciation over the years, and this trend is expected to continue in 2024, making the Tricity a safe bet for investors.
Conclusion
If you’re planning to invest in property in 2024, the Tricity region offers endless opportunities. Whether it’s the premium markets in Chandigarh, the rising stars in Mohali, or the rapid development in Zirakpur, there’s something for every kind of investor.
At Royals Property Consultant, we specialize in providing expert advice on the best areas to invest in Tricity. Contact us today to get personalized property recommendations that fit your investment goals.
Call to Action: Are you ready to invest in Tricity’s booming real estate market? Drop us a message or visit our website for exclusive property listings. Don’t forget to share this blog with anyone you know who’s looking to make a smart real estate move!