Chandigarh- the next real estate investment destination
Ever since the Modi government was sworn in on May 26, there is a positive trend in the Real Estate sector and Chandigarh is also basking in the warmth of this positive market sentiment. All eyes are set on the maiden Budget of the NDA Government, which is anticipated to bring in good news for the home buyers. The builders and developers in Chandigarh and Punjab are surely singing to the tune of ‘’acche din aane wale hain’’ as the sales are up and enquiries from prospective buyers have grown tremendously in the last few weeks.
Prateek Mittal, an IIT Graduate turned developer who is the Executive Director of Sushma Buildttech Limited in Chandigarh mentioned that the new government at Centre should immediately grant infrastructure industry status to the real estate projects. The new government has formed a regulator which was welcomed by the builders and developers, and mentioned that such a regulator would chase away unscrupulous elements and would function as a filter.
Mittal also mentioned that both affordable and high-end properties have seen a surge in sales in the last 2 months. Sushma Buildtech has come up with two projects-one at Dhakoli near Chandigarh which is a 25 acres project. Five acres of this has already been developed and delivered, another seven acres is expected to be delivered this year and rest next year.
Source- The Financial Express
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