New Chandigarh Emerges as Top Residential Spot
New Chandigarh, also known as Mullanpur, is quickly changing from a small town into a lively residential area. This change is mainly because of big plans for new roads and green city designs. This growth is not just changing its skyline but also changing the real estate scene in the nearby Tricity area.
Improved Connections
A big reason for New Chandigarh’s growth is its amazing new roads. The PR 4 Road is getting wider, connecting important business and industry areas. Plus, new metro rail projects are cutting down travel times to Chandigarh, Mohali, and other nearby economic centers. Better access to the Chandigarh International Airport makes it even more attractive for workers and travelers.
Upgraded Infrastructure for Better Living
The city’s plan focuses on eco-friendly and smart buildings. Wide, tree-lined streets, special bike paths, and pedestrian lanes make the city cleaner and healthier. Smart parking and good drainage systems improve daily life, making New Chandigarh a modern city that cares about sustainability.
Various and Affordable Homes
Builders are offering different housing projects. There are affordable government homes in sectors 20, 43, and 46. There are also high-end, eco-friendly apartments and villas made with energy-saving in mind. These choices suit families, young workers, and people looking for good long-term investments.
Main Factors for Real Estate Growth
- Master Plan 2025: This plan guides the city’s growth, making sure there’s a good mix of residential, commercial, and industrial areas.
- Economic Boosts: Dvelopers focus on the projects close to PGI Satellite Centre, top schools, and growing IT parks increases demand.
- Market Changes: A big 70.5% rise in property prices in 2025 shows strong investor confidence, due to less oversupply and better prices compared to crowded markets in Chandigarh.
Government and Institutional Influence
Groups like the Greater Mohali Area Development Authority (GMADA) help guide new road projects and zoning laws. They give a clear plan that assures investors and buyers of steady, planned growth.
Issues and Future
While New Chandigarh’s growth is great, problems like finishing metro projects on time and keeping up with infrastructure need to be solved. But with government focus and teamwork between public and private sectors, things look positive.
As New Chandigarh grows with smart roads and green ideas, it becomes one of northern India’s top places for real estate. It’s a big draw for people and investors who want good connections, modern features, and eco-friendly living.