Overview of Eco City Phase 1, New Chandigarh

Location

Eco City Phase 1 is strategically located in New Chandigarh, specifically in North Mullanpur. It lies across the street from the proposed Medicity and is just 6 kilometers away from Madhya Marg in Chandigarh. The project is nestled in the Shivalik Foot Hills, offering a scenic view of the hills.

Property Types and Sizes

• Residential Plots: Available in sizes ranging from 100 to 500 square yards.
• Commercial Plots: Includes booth plots, SCO (Shop Cum Office) plots, and other commercial options.

Infrastructure and Amenities

• Road Connectivity: Located on a 200 feet wide arterial road.
• Metro Rail: Provision for Metro Rail transport.
• Infrastructure: Well-planned township with state-of-the-art infrastructure, including metalled roads, piped water supply, storm water drainage, and an extensive underground sewerage system.
• Health and Education: Adjacent to the proposed 125 acres Medicity and near educational hubs such as PGI, Panjab University, and Punjab Engineering College.
• Recreational Facilities: Near the proposed amusement park and film city by the U.T. Government.

Pricing

• Residential Plots:
  • 100 square yards: ₹95 lakh to ₹1.15 crore
  • 200 square yards: ₹1.85 crore to ₹2.10 crore
  • 300 square yards: ₹2.60 crore to ₹3.20 crore
  • 400 square yards: ₹3.25 crore to ₹3.70 crore
  • 500 square yards (1 kanal): ₹4.40 crore to ₹5.50 crore
• Commercial Plots:
  • 10 square yards booth plot: ₹29 lakh to ₹30 lakh
  • 20 square yards booth plot: ₹65 lakh to ₹69 lakh
  • 100 square yards SCO plot: ₹3.30 crore to ₹4.50 crore.

Investment Potential

• The area is expected to see significant economic growth due to its strategic location and the development plans by GMADA.
• Increasing urbanization and congestion in existing cities make Eco City Phase 1 an attractive option for long-term investment and residential purposes.

Current Status

• The plots are ready for possession, and many residents have already constructed their homes and are living there.

PropertyWala's Conclusion

Eco City Phase 1 in New Chandigarh presents a compelling opportunity for investors and homebuyers. With its prime location, advanced infrastructure, and proximity to key amenities like Medicity and educational institutions, it offers a promising environment for comfortable living and potential long-term financial gains. The variety in plot sizes and competitive pricing make it an attractive option for a wide range of buyers. However, it’s essential to stay updated with the latest market trends and prices as they can fluctuate over time.