Hi, I am looking to buy a piece of land on Jheorehri Village in Chandigarh?

Q: What are the price trends? What are the prospects of gaining returns in another 5 to 7 years.

Jackie,

14th August 2013

Buying property in Chandigarh

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real estate in chandigarh

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Replies (3)

Real estate in Jheorehri Village is growing and many more developers and builders are having there eyes on that location. Investment in that area will be worth.

Maya Roa, Apartment Resident, Chandigarh

26th September 2013

Comment

The proposed Chandigarh international airport once functional is going to add a lot of value to the land prices and investors expect more than 15 to 20% upside in the next seven to eight years.

Javed,

16th August 2013

Comment

What about the price range ?

Vivek Kulkarni,

16th August 2013

On the downside though, land is available at a premium since there is a lot of investor interest in land pockets in and around Jheorehri Village. The government has acquired land at the rate of Rs 33 to Rs 34 lakh per acre but resale deals are now selling at a premium from those prices.

Supratim,

16th August 2013

Is it worth for investment ?

Jackie,

16th August 2013

If you can find a stretch of land near Jheorehri Village, it is definitely an investment for the future with a very good upside for both commercial and residential space.

Supratim,

16th August 2013

Thank you all for the suggestions..:)

Jackie,

16th August 2013

Jheorehri village is one of the most popular real estate locations on the outskirts of Chandigarh ever since the announcement of Chandigarh international airport. The airport which is likely to be spread over more than 3000 acres has offset the land prices in the village.

Vivek Kulkarni,

16th August 2013

Comment

A lot of real estate developers including pan Indian builders are hinting for a good location closer to the proposed airport. The area offers a great value for money for both commercial and residential sector.

Supratim,

16th August 2013

Yes, as of now all deals are available as resale only and there are no real price trends as the supply is limited and the demand is quite high. The prices depend on the location from the main road and a number of resale deals are available.

Vivek Kulkarni,

16th August 2013