Buying property is easy when you know the way to buy and when to buy. And right now, if you are searching property in Chandigarh, you are about to experience one of the most effective and profitable deals of your life. Chandigarh is currently witnessing an emerging real estate market as many nationally and internationally renowned developers are building high-end world-class projects in the city. Looking at the records of yesteryears, the residents of Chandigarh have always preferred bungalows, villas and cottages. However, with the recent developments lavish apartments and luxury suits people of Chandigarh are making their way into various properties and needless to say they have successfully garnered the attention of the leading developers. According to the recent market, some of the top localities for residential purpose are – Dera Bassi, Chandi Mandeer, Mullanpur, Madhya Marg, Sector 15, Sector 2, Sector 35, Zirakpur and Panchukula.
Talking about the price trend in Chandigarh real estate market, it must be said that this is surely one of the best time to buy ready-to-move-in property here. Current data shows, the average cost of a 2BHK apartment in Chandigarh is near about 45 lakh, and the 3BHKs are for around 1.05 crore. The one who wants to go for better apartments, like 4BHK or 5 BHK, can easily get them for 2.5 to 3.55 crore. However, there are many factors playing a pivotal role in price trend. There are some added advantages in buying ready-to-move in flats. They are usually built by applying the new-age construction materials and one can also enjoy the advantages of the latest real-estate innovations. The developers are coming up with energy-efficient, high-end ready-to-move in flats. One of the biggest advantages if buying ready-to-move in flats in the beautiful city of Chandigarh is you can get various easy payment schemes. Like paying EMIs are only on the home loan. Which means, unlike the unconstructed apartments, if the construction process gets delayed for any unsolicited reasons, your EMI process won’t get stuck or disturbed.
One of the key factors in buying properties is– the location advantages and connectivity. It is because if a location has a prospect of good connectivity in near future, property price gets higher in a very little time. Talking about one of the prime locations of Chandigargh, Zirakpur is located on the very famous Ambala-Chandigarh expressway and that is why it thoroughly enjoys an amazing connectivity to the other prime places like Shimla, Himachal, Manali and much more. The 200 metre wide six-lane ring road of Zirakpur helps fight traffic congestions in peak hours. Also Chandigarh has India’s best major road network that connects to the major parts of the country.
Even if you analyse things from sheer investment purpose, buying ready-to-move in apartments in Chandigarh is surely the best choice in order to get lucrative returns on your investment. Chandigarh is considered as India’s satellite town and it is growing at a fast pace. According to the experts, the property prices of Chandigarh at currently standing at the most rational positions compared to the past records. Like, in the year of 2013, the average property price in Chandigargh was Rs. 6,700 per square feet. However, by 2017 it went down to Rs. 5,200 per square feet and been stable for a long time. According to them, the property rates would go high in future, and that is why this stands as the best time to buy property. The area of Zikarpur is at a stone’s throw distance from Chandigarh International Airport. So, this area has become highly convenient if wants to live near and in close proximity wants to these major transport links. Apart from the property price, Chandigargh is superior in terms of lifestyle, commute and convenience. And all these things surely give it an extra edge over other Indian cities.
Let’s see how buying ready-to-move in flats in Chandigarh can help you having various tax benefits. Buying proprieties is related to capital gain in taxation, as Indian Income tax rules allows the freedom of tax on the capital gains that are under the sale of the property. However, this is not applied in buying ready-to-move in flats. And, the other good news at the times of buying ready-to-move in property in Chandigarh, one doesn’t have to pay service tax. Chandigargh property makes an excellent choice for investment, as the property rates of the city are most likely to increase in near future. According to the experts, there are endless possibilities and benefits that have been predicted. Having excellent infrastructure, road networks with flyovers connectivity, open spaces, mega housing projects, lush greenery, high-end entertainment hubs, shopping hubs and healthy environment, Chandigarh is ventured to reap you the maximum profits and benefits in coming years. So are you thinking about buying a ready to move in flat or buy a property in Chandigarh? Well, you can go ahead and fulfil your desire & dream without any doubt.