Sector 9-A Luxury Bungalow Sells for Record Rs 126 Crore, Redefining Chandigarh Real Estate
Chandigarh's property market has reached a significant milestone. A luxury bungalow in Sector 9-A was sold for Rs 126 crore through a registered deed on August 1, 2025. This sale makes a new record and breaks all previous records in citi.
The Groundbreaking Deal
The buyer, Maharaj Jagat Singh Medical Relief Society, acquired the expansive 4,247 sq yd plot. This purchase overshadows the Rs 61 crore sale in 2024 and the Rs 45 crore transaction in 2023, both also in Sector 9. Experts refer to these notable areas, sectors 8, 9, and 10, as the city's "Lutyens Zone." Demand in these sectors remains incredibly strong.
Deputy Commissioner Nishant Kumar Yadav emphasises that this prestigious status drives continuous record-breaking sales. Clear land regulations have created a trustworthy environment for buyers.
Why This Matters
Mega sales like this are uncommon. They boost property values across the city. This plot is among Chandigarh's largest residential lots.
Market experts suggest that the actual sale prices might exceed the registered amounts. Consultant Mukesh Anand points out that under-reporting can reduce stamp duty by 15-20%. So, the real cash involved could be higher than Rs 126 crore.
Key Transaction Highlights
- Plot Size: 4,247 sq yards
- Sale Price: Rs 126 crore
- Date: August 1, 2025
- Buyer: Maharaj Jagat Singh Medical Relief Society
- Previous Records: Rs 61 Cr (2024), Rs 45 Cr (2023)
Broader Market Signals
Chandigarh collected Rs 145.67 crore from property auctions in 2025. Thirteen properties, 12 residential and one commercial, attracted intense bidding. The highest residential sale was House No. 1388, Sector 33C, which fetched Rs 33.41 crore.
Prime areas continue to prosper. Auto-mutation accelerates ownership transfers, significantly reducing bureaucratic hurdles.
What Drives Demand?
Legacy sectors attract affluent buyers. Large plots in prime locations, alongside effective governance, are major draws. Investors are looking at long-term benefits as infrastructure developments enhance property values.
This Rs 126 crore sale illustrates Chandigarh's appeal to the elite. Stay tuned for more exciting updates.