The UT Estate Office in Chandigarh has launched a groundbreaking policy for monthly e-auctions of more than 700 freehold residential plots in prime sectors. This follows a record-breaking September auction yielding ₹168.85 crore, doubling reserve prices, to enhance market liquidity and set transparent benchmarks in India's priciest real estate hub.
Buyers increasingly choose direct-owner property transactions in Chandigarh's prime sectors 21, 33, and 38, bypassing brokers for transparent, freehold deals with immediate possession.
Chandigarh introduces a digital auto-mutation system starting July 7, streamlining property transfers by eliminating manual applications and ensuring transparency. Ownership records update within a week, reducing delays and potential corruption. The system leverages real-time integration between the Sub-Registrar Office and Estate Office to automate processes for freehold and leasehold properties.
Indians top the list of property buyers in Dubai, with UHNIs and HNIs exploring global real estate investors. The trend is driven by various benefits and a desire for global diversification.
Indians have become the largest group of property buyers in Dubai, driven by factors such as high rental yields, tax-free investments, and global diversification.