NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
IREF- Join Now
 
IT Fuels Real Estate Chandigarh
Monday, September 24, 2007

The real estate India market and the IT industry are intertwined in a close knit relationship - with the entry of big IT players in any city, property prices go zooming. Pune, Nagpur, Chandigarh, Mohali, Jaipur, Kolkata, Indore….each has a success story to narrate.

From being a town for retired bureaucrats and professionals, Chandigarh’s fortunes turned when Dell, Quark and other IT majors established their offices a few years ago. Property prices in Chandigarh-Mohali today are twice their rates that prevailed three years ago.

IT has pushed up demand for residential and commercial property in Chandigarh, and rising prosperity has augmented the demand for retail spaces as well.

The State government has been instrumental in fuelling the real estate market with announcements on an IT policy. The price race started with such proclamations, affecting rental as well as capital values in Chandigarh property and its satellite towns.

Punjab’s real estate industry has an even spread today, thanks to the Government’s real estate and IT policies. Real estate Chandigarh has brought about positive real estate trends in satellite towns of Mohali, Panchkula, Kharar, Derabassi and Ropar.

The state government’s initiatives on infrastructure have also driven property prices up. Ambala’s real estate market rose to new levels after the Haryana government called for a Special Economic Zone in the town – Westend, Omaxe, Ansals, MGF and TDI have already established their presence over the last year, ever since the announcement was made.

Add to your Social Bookmarks:
ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE  

 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications