Overview of Hallomajra Industrial Area Phase 2, Chandigarh City

Let's look at Phase 2 of the Hallomajra Industrial Area in Chandigarh City. This area is both an industrial and commercial center that's growing rapidly. Key points to consider here focus on real estate aspects:

Location and Accessibility

Phase 2 sits on the south-eastern part of Chandigarh, close to the railway station and national highway. This offers advantages like reduced heavy vehicle traffic inside the city and better connection for both industrial and commercial activities.

Land Use and Development

This phase stretches over 486 acres and is nearly fully used. It features a variety of industrial plots, from 5 marlas to larger plots. About 95% are the smaller plots. The zone also includes transport services, slaughterhouses, flour mills, public health stores, grid substations, and community services.

Conversion to Commercial Use

In 2005, rules let industrial plots switch to commercial, but these were stopped in 2008. Still, this led to notable commercial growth like malls, shops, offices, and hotels. This made the area a hotspot for both industrial and commercial activities.

Infrastructure and Amenities

The area comes with plenty of features such as railway yards, godowns, and community services. Ideas for more include bike paths, walking trails, underground parking, and affordable eateries for workers. The zone also plans greening projects and landscape improvements.

Real Estate Values

Real estate rates for industrial plots in Phase 1 and 2 are notable, at Rs. 62,599 per square yard. Converted commercial plots have even higher rates due to the area's rising commercial importance.

Future Development

The Chandigarh Master Plan 2031 plans a thorough modernization. This includes clearing bottlenecks, bettering roads, and improving community services. It shows a determination to evolve and boost the area's infrastructure and amenities.

PropertyWala's Insight

When it comes to buying or renting in Phase 2 of Hallomajra Industrial Area, you’ll find a mix of industry and commerce. Its strategic spot, diversificted land uses, and forward-thinking plans make it ideal for businesses that want good links and modern facilities. Don’t forget current laws and future plans since they're key to fitting your business or investment goals. There's also a good chance of property values going up, especially in commercial plots. Basically, this area offers a vibrant, changing real estate scene that can fulfill many needs.