Are Houses Affordable in Panchkula, Mohali and Zirakpur?

Chandigarh, January 6, 2025: Located adjacent to Chandigarh, Panchkula, Mohali and Zirakpur were always considered affordable and convenient options for homebuyers. Not only were the prices relatively low in these areas, but modern facilities and the proximity to Chandigarh made them special. The situation has changed, however. The tremendous increase in property prices has put these places out of the reach of many common buyers.

Panchkula: Premium Uptick

Property prices in prime sectors of Panchkula have reached ₹12-14 crore per kanal (1 kanal equals 605 square yards or 506 square metres; 20 marlas make one kanal). These rates are now at par with the popular sectors of Chandigarh, making it difficult for middle-class families to buy a house here.

Mohali: Investors Happy

Mohali has become a real estate hotspot due to its rapidly developing infrastructure and location on Airport Road. Recently, 1 acre of land was sold here for ₹100 crore, which reflects the rising prices here. However, these prices have made it challenging for common buyers.

Zirakpur: Development is Dear

Zirakpur, which was popular due to its better connectivity and amenities, has now seen a rapid increase in property prices here too. This area is no longer a cheap option.

What Are the Affordable Options?

There is still hope for investment in some areas around Chandigarh. These areas are not only affordable but can also give good returns in the future due to better connectivity and development plans. These include areas around Shishu Niketan School, places near Sector 43 Bus Stand, Mohali Bus Stand and areas around Mohali Government Civil Hospital. Apart from this, areas near the new cricket stadium and around Sector-39 Grain Market can also be found better options for buying property. These places are not only budget-friendly, but also have great potential.

Along with this, there are many projects of Royale Estate Group near Chandigarh, which are budget-friendly and convenient. These include: Royale Estate Zirakpur Oxford Street (Zirakpur), Mohali Industrial Economic Zone (Banur), The Royale Sector 122 (Mohali) and Chandigarh Royale City (Near Aerocity, Mohali).

Piyush Kansal, Executive Director of Royal Estate Group, says, “We have always been committed to providing better options to buyers according to their budget. Even today our projects offer affordable options for those who want to fulfil their dream of owning a house. This time is very favorable for investment, as these areas are developing rapidly. New roads, better connectivity and modern infrastructure projects will further increase the property value here in the coming times.”