Overview of Chaura Maidan, Shimla

Location and Accessibility

Chaura Maidan fits into Shimla, Himachal Pradesh. Its pin code is 171004. Because it's in a prime area, it’s reachable to useful amenities and major places in Shimla.

Property Types and Prices

• Residential Houses: There are homes here. About 67% are on Chaura Maidan Road. The price varies. One third are ₹20 Lac - ₹40 Lac, another third ₹60 Lac - ₹80 Lac, and a small chunk in ₹1.4 Cr - ₹1.6 Cr.
• Apartments: You will find multistorey ones with 1 BHK, 2 BHK, and 3 BHK units. A good example? A 3 BHK apartment can go up to ₹67 Lac.

Common Room Configurations

• The usual setup here is 3 BHK. That makes up around 33% of properties on Chaura Maidan Road.

Rental Options

• Renters have choices like builder floors, apartments, and solo rooms. Say, a neat 2 BHK floor can let out at ₹15,000 per month.

Nearby Localities

• Chaura Maidan lies close to places like Shimla Hill Station, Tutikandi, Cart Road, and Annadale. They hold lots of property choices and services.

Amenities and Infrastructure

• Good transport links mean it’s near schools, hospitals, and other essentials. This makes it a go-to spot for residency or investments.

New Projects and Developments

• New projects like Taradevis Enclave Phase 1 and Cliffton Valley are happening. They’re set to end by 2028 and 2034, bringing modern amenities and turn-key solutions.

Home Loan Options

• You’ll find banks offering home loans here. Some include Indian Overseas Bank, Standard Chartered Bank, Yes Bank, and PNB, with rates from 8.75% to 12.0%.

Property Trends

• Chaura Maidan Road and its surrounds mix price ranges, showing varying demand and supply. As an example, Shimla Hill Station has prices per square feet at ₹5,500 while Tutikandi is ₹3,750 - ₹5,200 per ft.

PropertyWala's Conclusion

In summary, Chaura Maidan, Shimla, mixes residential choices. From cheap houses to swishy apartments, it’s a spot for both buyers and renters. Its prime spot, amenities, and new builds let it be a smart pick in Shimla real estate. Buyers should weigh price trends, loan picks, and each property's fit for their special needs.