There is a spurt in interest in the scenic village near Chandigarh. Mullanpur, being developed as another satellite township. It has now stolen march over Zirakpur as an investment destination in the periphery of the city.
Recent phase of bookings for plots measuring 350 and 500 square yards by DLF,witnessed a heavy demand. Plots measuring 500 square yard (1 kanal) are priced between Rs 1.25 crore and Rs 1.50 crore here, compared to Rs 8 crore and more for plots of the same size in Chandigarh.
Mullanpur’s favour is one of the top urban projects for Greater Mohali Urban Development Authority (GMADA). Major investments flowing into Mullanpur are indicative of “collective wisdom” of GMADA and Investors. GMADA developed a master-plan for Mullanpur, and it is going to be the best settlement around Chandigarh.It has a low-density population, two urban estates, separate zones for industry, education, medical facilities, commercial establishments, mixed land use and a six-lane road. There are provisions for the Metro to be extended there.
Planned development is Mullanpur’s biggest USP. The development in Zirakpur is haphazard, and around it are small villages of Punjab like Baltana, Dhakoli etc, which again have witnessed an unplanned growth. With its close proximity to Chandigarh, Mullanpur offers much scope for appreciation of investment. However people will have to wait for construction, though. It will take about four years for the area to be developed well.
What works for Zirakpur, despite its haphazard growth, is that flats here are now ready to move in, or will take less than a year. Mullanpur will appreciate more, but will take time to see complete development. Zirakpur offers a budget buy for those who want to move into their own house soon.
Part of the Dream Weave Walk Network 1998-2012