Chandigarh News

New Chandigarh Turning Out to be a Hotspot for Residential Investors

GMDA had announced that Mullanpur is going to be the first Smart and Eco-City of Punjab. Jurong International, a Singapore based company has designed the master plan. The first phase constructions in Mullanpur has already started and it is soon going to be host to some exciting residential projects, tourist places and parks. Mullanpur is not renamed as New Chandigarh for urban appeal.

The proposals of the city claim that the city would be having all the basic amenities and requisites that are available in metro cities. Facilities like multi-speciality health institutions, playgrounds, cricket stadiums, educational institutions, metro trains, entertainment centres, parks etc are in pipeline. New Chandigarh is all geared up to become equivalent to any other metro city in India. After all, New Chandigarh is referred to as the dream project of the Chief Minister of Punjab.

Though New Chandigarh is a bit far from the hustle and bustle of the city, it is well-connected to Chandigarh Airport. It’s a 40KM drive via Sunny Enclave airport road. It’s also connected to Mohali via four-lane road.

New Chandigarh city is primarily a residential city for those who want to live in a pollution-free and serene atmosphere. The real estate scene in Punjab is booming and residential colonies offering comfort and a good lifestyle are being developed by the reputed real estate companies. Here are the key points for people dreaming to buy properties in New Chandigarh.

  • It is considered as the first-eco city of Punjab. Only the non-polluting industries like hospitals and information technology industries are permitted in the city.
  • Reputed real estate builders like Unitech Group, DLF, Altus Space Builders, Omaxe etc have started developing the residential colonies in New Chandigarh.
  • The government has promised that 33% area of the city is covered with greenery.
  • It’s just 40 min drive to Airport.
  • It’s a planned city like Chandigarh. Eco City 1 and 2 are the residential colonies, Education city includes the educational institutions and universities with the total area of 1700 acres and Medi City with reputed medical centres like Homi Bhabha Cancer Hospital and Research Centre.

Well, Chandigarh is an awesome city to live in. But the prices for residential places have skyrocketed which is the reason why some really cool real estate projects emerge in New Chandigarh. Whether you are a small investor and looking for a flat in Chandigarh or a big-time investor who wants to buy commercial properties, New Chandigarh turns out to be an ideal solution for both scenarios. New Chandigarh stands as the new investment destination with its well-designed residential colonies. It’s easy accessibility to all the daily needs and the airport makes this a preferred area for many buyers. New Chandigarh is witnessing a stunning real estate boom at the moment and prices may hike up any time soon. The scarcity of land in Mohali and Chandigarh has made New Chandigarh an impending real estate market. If you are looking for apartments in Chandigarh, but on a tight budget, you can check out these exciting residential projects in New Chandigarh.

The Resort is an offering from Omaxe with multiple options of 2 BHK and 3 BHK flats. They offer the most affordable 2 BHK properties in New Chandigarh with prices starting from Rs 31 lakhs. With lots of green and open spaces on the landscape, The Resort is definitely a great place to live a serene family life. It includes all the top-class amenities like jogging track, restaurant, swimming pool, conference room, jacuzzi, cafeteria, senior citizen layout, badminton and basketball courts etc.  The landscape garden and the fountain adds a modern but serene tone to this landscape.

The Lake is another residential apartment project in New Chandigarh by Omaxe. It’s located in Madhya Marg and consists of 16 towers with over 1350 units of 1BHK, 2 BHK and 3BHK and 4BHK flats. The Lake is designed to offer a luxurious and serene lifestyle and the best part is the prices are really affordable. The apartments are well-crafted with high-quality exteriors and interiors. With a spacious 1530 sq. ft. to 2300 sq. ft area, The Lake certainly offers the best 3 BHK flats in New Chandigarh.

The man-made lake running across the project, The Lake offers a great soothing effect for your mind which would be unparalleled to anything in the hustle and bustle of the city. Moreover, it is in close vicinity to a 5 Star Hotel Holiday Inn, 3 International Office Towers and a metro station. The Lake is still under construction will be ready for occupancy in a couple of months. With top-notch amenities and meandering water body, The Lake is expected to set a new mark for the luxurious apartments in New Chandigarh. If you are looking for a luxurious flat for the reasonable budget in New Chandigarh, then you must check out The Lake.

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Ajay Deep

Ajay Deep is a young enthusiast who Loves Chandigarh and is always eager to make this beautiful city even more beautiful. A Mechanical Engineer By Chance and Working in an IT MNC by Choice. A Writer, Photographer and a Budding Entrepreneur. A Designer, Developer and Digital Marketing Expert. In brief : A Jack of All Trades and Master of Few :) You may reach Ajay Deep at ajay@chandigarhmetro.com