Is Mullanpur New Chandigarh a good Investment? Well, the answer to this is undoubtedly a Yes! Mullanpur New Chandigarh is indeed the best option in Tricity to spend your life savings as an investment. Here is why?
We all love enjoying the fruits of the tree of our own house because we nurture them, we sow the seed, water them, mulch it, clear the grass and what not? That is your investment, and when you finally receive the fruit, it tastes delicious than ever, the fruit is your return, but what if, even after investing so much, you do not get the returns? It feels bad right?
That is why it is said, money should be invested very carefully. You need to take note of some important factors before investing in a property.
Is Mullanpur New Chandigarh a good investment?
Today we will answer this question “Is it good to invest in new Chandigarh? If yes then why?” Chandigarh Tricity is a great option to invest in, but where in Tricity should you actually invest? There are so many options for you, Mohali, Zirakpur, Kharar, New Chandigarh and
many more, but you have to choose the best option, what is the best and why? Don’t worry Tricity Property Guru is here to clear your vision and present to you the best!
Well According to us New Chandigarh Mullanpur is a great option for Investment. Below we will discuss all about Mullanpur and provide you with the best explanation as to why Mullanpur New Chandigarh is a great investment.
Overview of New Chandigarh
If you have heard of Chandigarh, we are sure you must have heard of New Chandigarh as well, New Chandigarh, Like New Delhi and Navi Mumbai in other metropolitan cities is being designed as a new smart city near Mullanpur village, in Punjab.
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Already the development of residential townships, Health facilities (Medicity being planned), and education (Education City) has begun, in fact, it will have more green belts as compared to Chandigarh and habitation has already started as the first step of development of there.
From Connectivity to tourism, from Sports facilities to education from health to entertainment everything has been considered while planning the layout of this new ‘Smart City.
Why New Chandigarh?
Well, the answer to this question lies not just in the present but also in the future, because the future of the new Chandigarh is not only well planned but it is also beyond the imagination of a layman. We will discuss three points below that will confirm that New Chandigarh is indeed a great choice for investment.
Development
We all know that GMADA has taken the reigns of development of New Chandigarh in their own hands, and they are putting their best foot forward in the development of the city because from metro to ecocity, medicine and education city, the development of all these projects has already been initiated, construction of a new cricket stadium is also in progress,
A dedicated industrial Area of about 3-5% have been planned, also New Chandigarh will have more open spaces and green area no wonder an Ecocity is being built there as well. It has projects and townships developed there, Omaxe itself has 5 commercials, 10 residential and 12 ongoing projects in New Chandigarh, Then DLF is also building in the projects there,
which will be completed soon in near future, so of course, if you will invest in a property in New Chandigarh today, for sure that will be an asset for you because prices of plots will soar high in future, the development here is taking place in leap and bounds.
Connectivity (Location)
Connectivity is another important factor that makes New Chandigarh all the more a better investment, we can say that connectivity is one of the top USPs of New Chandigarh. It is connected to highways; New Chandigarh is in proximity with Chandigarh, and also highways like Zirakpur-Shimla Highway is quite approachable, it is also connected to Old Ambala road and has direct connectivity to Delhi.
The metro project will connect it to Chandigarh and Panchkula. The add-on benefit is that one enjoys Fresh air because Sukhna Lake and Rock Garden are both near at hand from here, now isn’t that like a cherry on top?
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Price Rise
It is a great opportunity for investors and homebuyers to grab lands, plots and flats in new Chandigarh at this moment or in the current times, because in near future probably in the next five years due to great progress in development.
In the next five years, you can expect a huge profit or returns in your land and property investments.
So If you wish to invest and are getting a chance to lay your hands on anything in New Chandigarh then do not miss this golden opportunity, go ahead and relish the fruit of your investment after you hold on to it for the next 5-10 years.
New Chandigarh Vs Mohali
Now people often get confused as to where to invest? They are often confused between New Chandigarh and Mohali As two good options of investment, but we would suggest investing in New Chandigarh is better than Mohali and there is not just but several reasons for this. And do not worry; we will discuss all of them with you.
First and foremost is development – We have already seen a lot of development, In new Chandigarh, residential townships Like Omaxe and DLF, Initiation of Medicity by Tata Cancer and other developments.
Progress of Mohali is very stagnant, for example, 26 years back Sector 66/ phase 8 was declared as the city centre of Mohali, but still not much has come up there. Even Aerocity has not developed as much as it was expected. However new Chandigarh as mentioned earlier is developing at a fast pace.
Price rate- Property rates in Mohali are already really high.
They are out of reach of the middle-class men, because it is developed to an extent, and now the development pace is stagnant.
If we look at New Chandigarh, the properties rates are low for now as it is still developing so it is easily affordable for a middle-class man.
New Chandigarh Vs Zirakpur
Zirakpur Is again considered a very good option for investment, and many investors have invested in Zirakpur as well but is it still the best time to
invest in Zirakpur rather than New Chandigarh? Or Should we Prefer New Chandigarh over Zirakpur? Well, let’s discuss all the points.
Lesser Green Area and Open Spaces
If we look at Zirakpur due to the increasing R Zone percentage, the green area and open spaces have been shrinking rapidly. Whereas New Chandigarh promises you green land with more open spaces.
Over – Crowded
Due to a lack of planning and organization, even after having High Rise apartments, Zirakpur appears to be overcrowded. Lack of planning and division makes Zirakpur a little backward as compared to Chandigarh and the major sectors of Mohali.
Lack of Sectoral Planning
The largest drawback of Zirakpur is that it has no sector planning.
No sector planning means less organized, which makes Zirakpur look a little backward as compared to other sectors of Chandigarh whereas New Chandigarh has Area, Builders and Sector divisions as well.
Connectivity
The best thing about New Chandigarh is that it is in proximity to Chandigarh’s main city but if we look at Zirakpur It is not that close, also the metro route plan will not cover the Zirakpur route.
New Chandigarh is at a prime location;
It is connected at all three-sided with highways leading to Delhi and Himachal Pradesh.
New Chandigarh Vs Kharar
Kharar is considered as another great option for investment, one of the major reasons for this is that it was assumed that Kharar will soon become a part of Mohali but Like Zirakpur Kharar has its own drawbacks, Which might make you think twice before investing in it, or might leave you with regrets.
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Development Authority
Kharar and Zirakpur come under MC (Municipal Corporation) Whereas New Chandigarh comes under (GMADA) Greater Mohali Area Development Authority.
Because of which CLU (Change in Land Usage) becomes easy for local builders in Kharar but Under GMADA proper paperwork and verification is done for the same. The other Drawback of Kharar being under MC is that a builder should have a minimum of just 25 Acres of land because of which all sorts of High-rise Apartments are there and in New Chandigarh a builder cannot acquire land of less than 105 Acre that means,
Only Big Brand residential townships like DLF and Omaxe will be available in New Chandigarh.
Unorganized
Due to lack of sectoral Planning, Kharar like Zirakpur is unorganized and appears to be overcrowded.
The development is quite stagnant not much has come up till now, because of which price rate remains constant or stagnant.
And Kharar does not look as clean and organized as Chandigarh or Mohali.
Whereas if we compare New Chandigarh, New Chandigarh will have proper development, planning and organization, Sectors have already been divided.
Connectivity
If we talk about connectivity, we all know that New Chandigarh has better connectivity than Kharar.
Roads in Kharar are quite compact and small whereas New Chandigarh has wider and better roads;
we can again thank GMADA for their better planning and organization. Also, New Chandigarh comes under the radius of 5-10KM from Chandigarh but Kharar is farther and comes under the radius of 15-20 KM.
Above we have compared New Chandigarh with Mohali, Zirakpur, and Kharar, and we could see that how Mullanpur New Chandigarh is much better for an investment purpose as compared to Kharar, Mohali, and Zirakpur. So it would not be wrong to say that New Chandigarh is the city of the next generation, and will serve better in the future.
We can even compare New Chandigarh to a growing teenage boy, who within the coming years will become stronger and develop both mentally and physically, whereas other places could be compared to the man in his late 30’s who in initial years will not develop physically and years later will become weaker and wither with time.
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So All in all we can easily conclude that looking at the current scenarios and the present times, Mullanpur New Chandigarh is the best option to invest due to its developing factor, connectivity, and low prices that are the USP’s of new Chandigarh itself.
Also, we know Mullanpur will be the new smart city a tag that none of the other Tricity areas like Zirakpur or Mohali has. If you are planning to invest in Tricity then new Chandigarh is the right choice for you, you can contact Tricity property Guru for all your Investment related queries.