Chandigarh
UT Housing Board's upcoming two-bedroom self-financed housing scheme flats fetched bids as high as Rs 89 lakh to Rs 1 crore. The real-estate prices in the city have beaten the rates in the metropolitan cities such as Mumbai, Ahmedabad, Delhi, Gurgaon, Bangalore and Pune where a similar segment flat can be purchased for Rs 71 lakh to Rs 30 lakh.
As the current property rates go up, the existing properties are bound to become more costly. Moreover, being the capitol state of Punjab, affluent NRIs put their surplus money into the realty sector.
Prices around Mumbai
Though the rates vary across metropolitan city, a two-bedroom flat is between Rs 37-82 lakh in Thane West and Ghorbander Road areas. A furnished flat is from Rs 71 lakh to Rs 1 crore in the high-end Mulund area.
Ahmedabad
In Ahmedabad, two-bedroom flats cost between Rs 35-45 lakh depending on the areas. Semi-furnished two-bedroom flats between Rs 35-45 lakh in Gurukul and Judges' Bungalows area. The prices are a little higher in more attractive sites in Jagatpura. A commercial site is available at Rs 5,500 per square feet.
Gurgaon
Even in the most-happening city of Gurgaon near Delhi are found to be very competitive as compared to Chandigarh. A two-bedroom flat with all the basic amenities in Sector 92 would fetch Rs 30-35 lakh. Those near the boundaries can be bought for Rs 55 lakh.
Mohali & Zirakpur
Compared to these, the flats in Mohali and Zirakpur are quite affordable. Chandigarh has a great investment potential. The prices in Tricity are bound to take an upward turn in the near future. Two-bedroom flats can be bought between Rs 40-45 lakh in Sector 105 on the Landran road.
Chandigarh Housing Board's higher bids for their upcoming two-bedroom flats scheme would not have an impact on the flats prices in Zirakpur.
Semi-furnished flats are still being offered for Rs 30 lakh. With eight and six laned roads to be constructed shortly, Zirakpur would soon be a state-of-the-art residential and commercial hub.
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