In the recent past, real estate developers have been busy developing a lot of new residential projects in Panchkula. These new launches are either in the process of being delivered or are under construction. Most of these new projects are listed on 99sqft, which also lists the ongoing residential projects in Panchkula. This is the best time to book a property in these new launches as they will be ready to sell and rent soon after they are completed.
The property prices in Panchkula indicate the overall direction of the real estate market. Price ranges start at Rs 7.61 lakhs and increase to a maximum of Rs 2.03 crore in 10 localities. Prices have been moving downwards for the past six months. This means that the price is likely to rise again in the near future. If you are looking to buy a property in Panchkula, this is the time to start looking. You can find a wide range of price ranges from low Rs 7 lakhs to Rs 1.7 crore.
However, the price of land in Panchkula is low, making affordable housing an enticing proposition. Developers of mid-range houses in the city can expect to pay between Rs 30 and 40 lakhs for a 125-sq-yd plot. But for those who are looking for more affordable properties, the cost of smaller plots could drop to as low as Rs 15-30 lakh, Gera adds.
In terms of affordability, the price of apartments in Panchkula has fallen by up to 35 percent over the past few years. This has resulted in a glut of available stock and a 20-month inventory overhang. This has affected the real estate market in Panchkula, one of the key cities in the state of Haryana. And it has not performed as well as other major cities, including Mohali and Zirakpur.
The city is in the process of becoming the center of planned regional development. It will include a variety of projects, focusing on industrial development, entertainment, recreation, and health care. The government is partnering with various departments to develop roads and improve connectivity. This is a perfect opportunity to buy a home in Panchkula and enjoy the benefits that come along with it. So, when you're looking for a new home in Panchkula, consider all of the above-mentioned developments.