Property investment advice in VIP road

Q: what are some good projects on VIP road? What is the expected minimum investing period for good returns?

Vivek Kulkarni,

14th August 2013

Investment Advice in VIP Road, Zirakpur

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real estate in chandigarh

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Replies (2)

VIP Road is a good location for investing in both residential and commercial real estate. You have not mentioned your preferred choice but assuming you are seeking residential apartments, there are a good number of projects from various domestic and pan India builders.

Jackie,

14th August 2013

Comment

what about investment? Is it worth for investment purpose..?

Vivek Kulkarni,

14th August 2013

Zirakpur has its geographical advantages but the civic infrastructure is lagging compared to the other regions of Chandigarh and Mohali. There is however a good upside if you can hold the investment for a long term between seven to ten year period. I expect an appreciation of 10-15% in the long term in VIP Road area.

Jackie,

14th August 2013

The Chandigarh Metro once functional would also act as a catalyst in increasing average property prices in VIP Road area.

Supratim,

14th August 2013

Thank you all for reply.:)

Vivek Kulkarni,

14th August 2013

VIP Road is located in Zirakpur part of the satellite towns of Chandigarh tricity. The intrinsic location advantage of located on the Chandigarh-Delhi national highway and connecting Mohali, Panchkula and Chandigarh makes it a good investment destination.

Supratim,

14th August 2013

Comment

VIP road has a large number of shopping Malls and multiplexes active in the region making the area a hub for commercial retail space. For residential projects you can check out Stellar Ojas Grand, Mona Greens and Maya Garden Apartment Township.

Javed,

14th August 2013

What is the average price range in this area..?

Vivek Kulkarni,

14th August 2013

The average price for residential apartments in VIP Road area is between Rs 2700 to Rs 2800 per square feet while average rentals per month for a 2 BHK apartment ranges from Rs 8000 to Rs 10,000.

Javed,

14th August 2013