Chandigarh is one of the most well-planned and clean cities in India. A city that has a good road network, greenery, and urban facilities is suitable for both property buyers and investors. While Chandigarh’s premium localities are quite expensive, there are still plenty of affordable property options for home buyers.
SmartKey Realty’s guide will help you understand the best affordable property options in and around Chandigarh for your next investment.
Why Chandigarh Is a Great Choice for Property Investment
Chandigarh is a perfect place for those people who seek high-quality living and a peaceful environment. Being a planned city, it makes residential and commercial investments a great way of earning for those who put their money in real estate.
In addition to that, the locality has:
- Top-class medical and educational institutions
- Robust demand for rental properties
- Expanding IT and business hubs
- Luxurious lifestyle
- Modern Infrastructure
Types of Affordable Property in Chandigarh
In the city, you can find various affordable property types, such as:
- Apartments
- Private floors
- Residential plots
- Small villas and row houses
Top Affordable Areas to Buy Property Near Chandigarh
Zirakpur
Zirakpur has become the closest to Chandigarh rapidly expanding real estate options. The new generation of investors is getting attracted to it because of reasonable prices and fashionable apartment projects.
Highlights:
- Close to the international airport
- Flats at low prices
- Good rental returns
Kharar
Kharar is also a very popular alternative for people who are looking for budget-friendly real estate. The locality has been expanding at a fast pace as a result of the rise of educational institutes, IT hubs, and commercial activities.
Advantages:
- Property prices are much lower than those of Chandigarh
- Students, working professionals, and small families can find the perfect place for themselves
- Kharar is well-connected to Mohali and Chandigarh
New Chandigarh
New Chandigarh is the name of a new locality that has been constructed close to Chandigarh. The local area is beautifully mixed with nature and eco-friendly housing projects. The real estate prices in the area are lower than those of the main Chandigarh, thus making the investment budget-friendly.
Benefits:
- Future smart city planning
- Good access to hospitals and education centres
- Good long-term investment potential
Mohali
Mohali has several types of properties to choose from: plots, builder floors, apartments, and even commercial spaces. There are some sectors in Mohali that are quite economical and at the same time provide a luxurious lifestyle.
Why Mohali Works:
- Rapid IT and office development
- Improved public infrastructure
- Wide range of properties across budget brackets
Price Trends in Affordable Locations
Property prices are based on their amenities and localities. Every region has its own average price.
| Location | Average Price Range (per sq. ft) |
| Kharar, Mohali | ₹3,500 – ₹6,000 |
| Zirakpur | ₹3,000 – ₹5,500 |
| New Chandigarh | ₹3,500 – ₹6,500 |
Tips to Find the Best Affordable Property in Chandigarh
- You must have a clearly defined budget.
- See the connectivity of the place.
- Find out first if any new neighbourhoods are likely to expand in the future.
- Do not decide just by visiting one site, but rather visit several.
- Check the legality of the property before making a decision.
Also Read: Residential vs Commercial Property Tax in Chandigarh
Conclusion
Low-priced housing in Chandigarh offers an excellent opportunity for investing in properties that yield high returns. To make a wise decision that would benefit you in the long run, it is always good to have a thorough understanding of the market, be it for residential or commercial properties. Make a wise investment with SmartKey Realty and be sure that your real estate moves bring you the highest returns.
