Tricity Real Estate Market Sees Growth Driven by Infrastructure and Shift to Premium Housing
Chandigarh/Mohali/Zirakpur, April 16, 2026: The real estate market across the Tricity region is seeing steady growth, driven by new infrastructure and an increasing preference for higher-end housing. Property prices in key areas have risen by approximately 15–20% over the last three years, with Mohali emerging as a primary center for new development.
Market data suggests a significant change in buyer behavior, with over 60% of recent sales involving homes priced above ₹1 crore. This trend toward premium housing is most visible in areas like Airport Road, IT City, and New Chandigarh. Buyers are increasingly moving away from basic housing to seek out gated communities and integrated townships that offer more amenities and professional management.
Mohali has become a central driver for the region’s growth due to its proximity to the Chandigarh International Airport and its expanding IT sector. While Mohali sees consistent demand for premium apartments, Zirakpur continues to serve as an affordable alternative for mid-income buyers, particularly in the ₹40–70 lakh range. However, even in Zirakpur, there is a gradual move toward more organized and better-planned housing projects.
Industry leaders point to infrastructure as the main reason for this expansion. Improved road networks and airport connectivity have made peripheral areas more accessible, leading to higher property values. Because land in Chandigarh is limited and highly regulated, much of the demand for new housing has naturally shifted to the surrounding areas of Mohali and Zirakpur.
Abhay Jindal, Managing Director of Homeland Group, noted the change in the market: “Market data over the past few quarters clearly points to a decisive shift toward premium hous
ing, with a growing share of transactions now concentrated in the ₹1 crore-plus segment. This reflects not just higher purchasing power, but a fundamental change in buyer mindset where lifestyle quality, integrated amenities and developer credibility are becoming as important as location. The Tricity market is evolving into a more mature, value-driven ecosystem where buyers are making long-term, upgrade focused decisions rather than purely price-led purchases.”
Piyush Kansal, Executive Director of Royale Estate Group, commented on the shift in Zirakpur: “Zirakpur continues to witness steady demand from mid-income homebuyers due to its strategic location and relative affordability; however, the market is clearly transitioning toward more organised and planned developments. With rising awareness and exposure, buyers today are far more quality-conscious, placing greater emphasis on construction standards, timely delivery and overall community living. This shift is gradually reshaping the market from a largely volume-driven landscape to a more structured and credibility-focused one.”
Tejpreet Gill, Managing Director of Gillco Group, highlighted the role of connectivity: “Infrastructure development is emerging as the single most influential factor in the Tricity’s real estate growth story. Enhanced road networks, improved intercity connectivity and proximity to key economic hubs are significantly reducing travel time and increasing the attractiveness of peripheral micro-markets. This is not only driving residential demand but also opening up new corridors for integrated urban development, thereby supporting long-term value creation across the region.”
Udit Jain, Director of ONE Group, spoke about the demand for convenience: “We are witnessing a clear shift in buyer preferences toward integrated townships and mixed-use developments, where residential spaces are complemented by retail, commercial and social infrastructure. Today’s homebuyers are looking beyond standalone housing and prioritising convenience, accessibility and a holistic lifestyle experience. This evolution in demand is encouraging developers to adopt more comprehensive, future-ready planning approaches across the Tricity.”
Mohit Goel, Managing Director of Omaxe Group, added: “The Tricity real estate narrative has fundamentally transformed, with premium housing leading the charge. Recent market trends show luxury property values in the region surging rapidly, fueled by critical infrastructure upgrades like the PR-7 Airport Road expansion. Our integrated Omaxe New Chandigarh township stands as a live example of this soaring demand. The phenomenal, overwhelming response to our premium project, The Lake, an ultra-luxury water-themed development, validates the immense appetite for international-standard living outside of saturated metros. Buyers today demand smart, secure, and serene environments, and New Chandigarh is successfully delivering this lucrative combination of lifestyle and long-term investment value.”
