Real estate developments in Panchkula
Panchkula is a satellite city in Haryana, which lies in proximity to Chandigarh and shares it borders with Mohali in Punjab. It has been witnessing rising demand for residential solutions and builders are lured to the city as it offers large chunks of available land for development.
With small houses and villages giving way for the development of luxurious apartments and bungalows, investing in the residential property of Panchkula brings along a lot of benefits in monetary terms.
Social Infrastructure
Huge availability of land has made Panchkula a prudent choice for industries, BPOs and multinational companies. Most of the commercial spaces in the city are high-rise commercial towers with state-of-the-art facilities.
The city is home to a number of reputed educational institutions like the British School, DAV English Medium Model Sr.Sec. School, Kendriya Vidyalaya, St.Xavier’s High School, Government College, Panchkula Engineering College , CMC Academy and Industrial Automation Training Centre (IATC). Dining options in the region include Bella Vista Hotel, Peninsula, Red Bishop, Western Court and Shiraaz. Some of the entertainment zones nearby Panchkula are Shalimar Mall and Fun Republic Mall.
Residential Projects
Sushma Urban Views by Sushma Buildtech Limited featuring 3 BHK apartments; Opera Garden by Opera CCPL Group featuring 2,3,4 and 5 BHK apartments ; Panchkula Apartments by Amar Nath Aggarwal Group featuring 2,3 and 4BHK apartments ; DLF Valley by DLF Group featuring 2 and 3BHK apartments and Suncity Parikrama by Suncity Projects Pvt.Ltd. featuring 3,4 and 5BHK apartments are some of the major residential projects in Panchkula .
Size and price of apartments
The size of 2 BHK apartments in Panchkula vary from 1100- 1300sq.ft, and the price ranges between 37 lacs to 42 lacs. The sizes of 3 BHK apartments range from 1400-2000 sq.ft, and the sale price ranges between 55 lacs to 1.30 Crores.
Price trends
At present, multistorey apartments in the city are sold at a sale price of about Rs.5500/sq.ft. The area witnessed an appreciation of about 18% in the sale price of multi-storey apartments in the second quarter of 2013, when compared with the same period of 2012.
