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Prices in the Chandigarh real estate market Call- 9914211006

 

Prices in the Chandigarh real estate market is stable in the past five months.The residential real estate market in Chandigarh is in price stable mode.After correction  for more than a year, prices now have started to sustain there level.The demand from the investor has dipped and only the end-user is still active in the market.

Pardeep kumar a city-based real estate consultant, says, “In our survey of the residential real estate market in the city, we found that prices had sustained there point in the past five months.

In the apartment category, the price are more stable than comparatively than in the plotted segment.

According to local realty experts, since March 2012, price levels for apartments have fallen 30%, depending on the location and quality of the property.

“Chandigarh Housing Board (CHB) apartments in sectors 43, 44, 45, 39, 38  (west) and 61  are available in the range of R9,000 to R11,000 per sq ft .

Society flats of category A (2200 sq ft or 204 sq m) are priced at around R1.10 crore to R1.60 crore. Category B flats (1550 sq ft or 144 sq m) are available in the range of R1 crore to R1.5 crore,“ says Kumar.

The general price range for apartments in the city is between R9,000 to R14,000 per sq ft.

Generally, investors enter the market when the market sentiment is positive.

“Investors book a property and exit the market quickly, and in the process fuel high price growth rates. But, this cannot take place in current market conditions. So, investors are not ready to enter the market because a quick exit isn’t possible,“ says Singh.

The increased number of realty options in tricity property markets such as Panchkula and Mohali area such as Aero city And Mullapur   have also contributed to investors moving to low-priced but high-margin properties. The investor, instead of focusing on one high-priced property, now prefers to explore several low-priced properties in other parts of the tricity, say local realty experts.

The recent sustain prices, say local realty experts, will stable , and it is more due to prevailing economic conditions than weak fundamentals in the city.
“The fact remains that supply is severely limited in the city, and demand outpaces supply most of the time. So, the city remains a good investment option even though the current market conditions suggest otherwise,“ says Pardeep kumar

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International airport in SAS Nagar to be named after Shaheed Bhagat Singh

mohali airport   To be inaugurated by Prime Minister Narender Modi on September 11, the international airport in SAS Nagar will be named as Shaheed Bhagat Singh International Airport. This was stated by Anandpur Sahib MP Prem Singh Chandumajra while addressing mediapersons after a visit to the airport on Friday.
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