Sector 47, Chandigarh City

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Real Estate Guide for Sector 47, Chandigarh

Sector 47 in Chandigarh stands out as a favored locality among both buyers and renters, merging modern amenities with convenient living.

Property Prices Overview

Residents and investors should know that the average price per square foot in Sector 47 hovers around ₹16,710, marking a noticeable increase of 20.89% this year alone, up to 2024. For those on the hunt for a home, property ranges cater to varied budgets, featuring ready-to-move-in apartments. One unit, say a 4 BHK, is going for approximately ₹1.45 crore, or ₹9,757 per square foot.

Diverse Housing Options

Residential choices encompass a spectrum from 1 to 4 BHK apartments, fulfilling diverse family sizing and needs. One could easily find well-tailored apartments in places like New Light Society, priced similarly to the ₹1.45 crore mark for a fancy 4 BHK apartment.

Rental Market Insights

Rent seekers should note that monthly rental rates for apartments usually range between ₹24,000 to ₹30,000 per month, with a per square foot rent of around ₹28. Various furnished and semi-furnishing options are also available for those seeking different living preferences—builder floors and office spaces offer versatile selections fitting various requirements.

Amenities and Lifestyle

With its nearby access to schools, hospitals, shopping areas, and other essential services, this sector promises modern lifestyles. The blend of modern apartment aesthetics and extensive infrastructure development makes Sector 47 a hot spot for modern living.

PropertyWala’s Insights:

This spot, Sector 47, Chandigarh, boasts a solid real estate market with increasing property values, a wealth of housing choices, and easy access to amenities. Whether aiming to purchase a new modern apartment or seek a comfortable rental home, this locality blends lifestyle and investment possibilities effectively. With its progressive trends and a variety of property types, Sector 47 is a top choice for anyone contemplating real estate investment or living in Chandigarh.

Nearby

  • Transport

    • Hindustan Petroleum (~3 km)
    • Chandigarh International Airport (~4 km)
    • Chandigarh ISBT, Sector 43 (~5 km)
    • Sahibzada Ajitsingh Nagar (Mohali) (~6 km)
    • Chandigarh Railway Station (~7 km)
    • Shimla Airport (~72 km)
  • Shopping & Dining

    • Domino's (<1 km)
    • Connect Broadband (<1 km)
    • Motor Market (~2 km)
    • Centra Mall (~4 km)
    • Nexus Elante Mall (~5 km)
    • Harison (~10 km)
  • Healthcare

    • Advanced Hip & Knee Clinic (<1 km)
    • Government Homeopathic and Ayurvedic Dispensary (<1 km)
    • Mental Health Institute (~2 km)
    • Apollo Pharmacy (~2 km)
    • GMCH SECTOR 32 (~3 km)
    • Pharmacy | Pet | Grocery Bazar ( Care Pharma) Dr. LAL PATH LABS (~4 km)
  • Education

    • Kendriya Vidyalaya (Secondary Wing) (<1 km)
    • Government Model Senior Secondary School (<1 km)
    • Post Graduate Government College (~1 km)
    • Goswami Ganesh Dutta Sanatan Dharma College (~1 km)
    • IISER Mohali (~8 km)
    • New library (~9 km)
  • Leisure & Entertainment

    • Japanese garden (~2 km)
    • Inderjit Singh Bindra Stadium (~4 km)
    • IISER Sports Complex (~7 km)
    • Cinepolis Jagat (~8 km)
    • The Chandigarh Golf Club (~9 km)
    • Bird Park (~10 km)
  • Services

    • IndusInd Bank (<1 km)
    • Axis Bank ATM (<1 km)
    • Police Station (~2 km)
    • Punjab School Education Board (~5 km)
    • India Post (~8 km)
    • Fire Station (~8 km)
  • Religious Places

    • Bangle Waali Masjid (~2 km)
    • Karthik Mandir, Chandigarh (~2 km)
    • Shiv Mandir (~2 km)
    • First Baptist Church (~3 km)
    • Gurdwara (~3 km)
    • shri Radha Krishna mandir (~4 km)
  • Business & Hospitality

    • Wyndham Chandigarh Mohali (~3 km)
    • Lemon Tree Hotel (~5 km)
    • JW Marriott Chandigarh (~5 km)
    • Phase 1 (~5 km)
    • Industrial Area Phase 2 (~9 km)
    • Golden Tulip Chandigarh Panchkula (~18 km)
Places © OpenStreetMap contributors, Overture Maps Foundation * Distances from the centre of Sector 47

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News

Chandigarh may allow share-wise property registration in non-heritage sectors

Hindustan Times · · Regulatory

The UT administration is considering allowing share-wise property registration in Chandigarh's Phase 2 and Phase 3 sectors while maintaining restrictions in heritage sectors following a 2023 Supreme Court order.

Key facts

UT administrator Gulab Chand Kataria directed officials to explore solutions after share-wise registrations remained suspended for nearly three years following a January 10, 2023 Supreme Court order barring conversion of residential houses into floor-wise apartments in heritage sectors (1-30).

The court directed the Heritage Committee to examine re-densification in heritage sectors. The UT administration then imposed a blanket ban on share transfers outside the family across Chandigarh and halted approval of building plans for jointly owned properties by unrelated individuals.

The administration is now reviewing legal aspects to determine whether registrations can resume in Phase 2 (Sectors 31-47) and Phase 3 (beyond Sector 47) without violating court directions, as officials believe restrictions primarily relate to Phase 1 sectors.

Before the suspension, 80-100 share-wise registrations occurred monthly (1,000 annually), generating approximately 5% stamp duty. Revenue losses are estimated at over ₹40 crore. No such restrictions exist in neighbouring Panchkula and Mohali.

Chandigarh MP Manish Tewari has raised the issue repeatedly in Lok Sabha, arguing the SC order did not explicitly prohibit share-based property sales. Property dealers' associations and Vikram Chopra, president of the Property Consultant Association Chandigarh, have demanded resumption of registrations. The Ministry of Home Affairs sought a report from the UT administration on the issue.

News items from other publishers are their reports, condensed; follow the link for the full report. PropertyWala.com is not their source.

Sale Properties

Office for sale in Sushma Metropol, Airport Rd, Chandigarh City
₹ 81.14 L

Office Space for sale in Airport Road

₹ 81.14 L

  • Sushma Metropol
  • Immediate
  • 738 SqFeet
  • ₹10,995/SqFeet

Office Space

: Sushma Metropol is presented by Sushma Group at Ambala Highway, Airport Road, Chandigarh offers commercial project that host business centers with good features
3 Bedroom House for sale in AV Ananta Lifestyle, Airport Road area, Chandigarh City
₹ 57 L

Independent House for sale in Airport Road

₹ 57 L

Independent House

: AV Ananta Lifestyle by A.V.Infratech at the very prime location of Airport Road, Zirakpur in Chandigarh offers residential project that host 3 bhk independent floor in various sizes.
Shop / Showroom for sale in Sushma Metropol, Airport Rd, Chandigarh

Shop / Showroom for sale in Airport Road

Showroom

: Sushma Metropol is presented by Sushma Group at Ambala Highway, Airport Road, Chandigarh offers commercial project that host business centers with good features
Building for sale in Sushma Emperia, Airport Road area, Chandigarh City

Multipurpose Building for sale in Airport Road

Multipurpose Building

: Sushma Emperia is presented by Sushma Buildtech at Airport Road, PR-7, Zirakpur offers commercial project that host commercial shops and showrooms in various sizes with good features

Rental Properties

4 Bedroom House for rent in Sector 33, Chandigarh City
₹ 1.6 L

Independent House for rent in Sector 33

₹ 1.6 L

  • 4,500 SqFeet
  • ₹36/SqFeet
  • Immediate

Newly Built Spacious Kanal 4BHK Builder Floor For Rent in Sector 33 Chandigarh

: Newly Built up Kanal Bungalow 1 st Floor 4 BHK with Lift for Rent Sector-33, Chandigarh Attached washrooms, Drawing-dining room, modular Kitchen, front and back balcony, Servant Room & Elevator) Plot Area (square yard): 500 Floor & Flooring: First Floor (Marble) Furnished: semi-furnished...
Posted: by Kamal Gupta
Property ID: P536729394
Office Space for rent in Sector 34, Chandigarh City
₹ 2.5 L

Office Space for rent in Sector 34

₹ 2.5 L

  • 30,000 SqFeet
  • ₹8/SqFeet
  • Immediate

office space for rent in chandigarh/mohali

: Rent 3000 sqft Area furnished ready to move office prime location sector 34A Chandigarh
Posted: by Arun Dogra
Property ID: P436642939

Price Trends

Locality ID
A464711113
PinCode
160047