Property in Chandigarh

Chandigarh is a city and a union territory in India that serves as the capital of the two neighbouring states of Punjab and Haryana. The city is unique as it is not a part of either of the two states but is governed directly by the Union Government, which administers all such territories in the country. It was one of the early planned cities in post-independence India and is internationally known for its architecture and urban design. The real estate sector that witnessed a slowdown in financial 2016-17 and 2017-18 is on an upswing this financial year. The city has one of the highest per capita incomes in the country. The city was reported to be one of the cleanest in India based on a national government study. It has also been rated as one of the ‘Wealthiest Towns’ of India Off the back of this conflation of assets Chandigarh then was well poised to serve a function as a city-building project in national identity. From a federal policy perspective, the development of the new town became a tool in India for modernisation and an intended driver of economic activity, legal reform, and regional growth as well as a significant agent for the decolonisation project. Most expensive residential properties are in northern sectors. Availability and variety in terms of size in central sectors is better than northern sectors. Prices are also relatively low in central sectors.