Overview of Industrial Area Phase 1, Chandigarh City

Location and Connectivity

• Strategically located in Chandigarh, Industrial Area Phase 1 is close to Elante Mall, service workshops, banks, and hospitals.
• It's only 2 km from the railway station, 4 km from the airport, and just 1 km from the Chandigarh-Delhi National Highway.

Types of Properties

• The area is mostly commercial:
  • 43% have commercial office spaces.
  • Others serve as commercial land, showrooms, suitable for car dealerships, service stations, two-wheeler showrooms, etc.
  • Warehouses and godowns are ideal for storage and logistics.
  • There are also industrial sheds for manufacturing and industrial purposes.

Infrastructure and Amenities

• High police vigilance and managed by Municipal Corporation of Chandigarh, ensuring cleanliness and security.
• Includes public health stores, hot mix plants, grid substations, and community services.
• Offers parking lots and godowns for railways and central warehousing, among other essential services.

Commercial Activities

• Originally a small-scale industrial site, it now supports a variety of commercial activities, including malls, offices, hotels, and large industrial units.
• Key establishments like Elante Mall house offices of Tata Steel and Blue Star along with international offices such as British Council and Australian Embassy.

Challenges

• The area faces infrastructure woes including poor water, sewerage, and power supply, worsened by shifting from industrial to commercial use.
• Increased commercial activity leads to traffic and transportation problems and traffic bottlenecks.

Property Trends and Rates

• Competitive prices for commercial properties in the area; factory land for sale is priced at Rs 15.50 Cr for an 875 square feet area.
• Prices vary based on property type: commercial offices, warehouses, and industrial sheds have different pricing norms.

PropertyWala's Conclusion

Industrial Area Phase 1, Chandigarh is a prime spot for commercial and industrial ventures. It boasts excellent connectivity, a spectrum of property types, and easy access to crucial amenities. However, potential buyers or renters should also consider infrastructure and traffic issues. Weighing these factors carefully is crucial before investing in this locality.