Chandigarh the first planned city of India, also called ‘Le Corbusier’s Chandigarh’ has in the last ten years seen a major revamp in the economy. This economic growth besides influencing development in the industrial and services sector has also spurred up investments in the real estate sector. Chandigarh with its well planned infrastructure, housing, roads and pollution free environment have attracted investors from within the country and abroad to invest in the city. While the government is taking all initiatives in convincing some of the best corporate houses to operate from Chandigarh, the services sector like the IT, ITES and BPO sector are taking special note of the infrastructural benefits the city has to provide like skilled workforce generated from local educational institutions of repute and the availability of commercial properties in Chandigarh.

As investments keep pouring into the city with major corporate houses like Infosys, Wipro Technologies, Dell, Amadeus, IBM Daksh, Ranbaxy and Reliance setting up operations in the technology parks of Chandigarh , there are ample job opportunities in the city. This has created a void between demand and supply of residential and commercial properties in Chandigarh . While the city gears up to experience the realty boom, top developers from Delhi and around the country are vying in to the city to grab a chunk of the thriving real estate market. The dearth in residential spaces in the city has invited developers to offer their best facilities and amenities to its customers. Although MNCs and top corporate houses have provided the employees with disposable incomes, but still the role of financial institutions in India in providing home loans and insurances cannot be undermined. Real estate and finance in India have become inter-related in the present days. As the real estate scenario in Chandigarh takes an upward move, the housing finance companies are setting a competitive edge for each other which in turn have benefited the consumers. As the interest rate dips more and more, it has become easier for people to invest in properties.

Also, the facilities of mortgage in India have helped in property investments as finance options become more affordable and manageable. Investments by a large number of companies have lead to the need for office spaces and also the foray of retail sector has created demand for commercial properties and mall space in the city. While Chandigarh sees a lot of state-of-the-art office spaces, the Software Technology Parks (STP) that have come up in the city have transformed the real estate scenario of Chandigarh leading to escalating realty prices and premium living standards for the citizens. Visit for more - http://www.indianground.com/chandigarh.aspx

Author Details- Mark Steven is an associated editor to the website http://www.indianground.com>www.indianground.com. Indianground is dedicated to explain all your related queries for real estate India and India properties, with the latest news updates. Your feedback and comments will be highly appreciated at markigsteven@gmail.com.

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