Released on: July 1, 2008, 10:39 pm

Press Release Author: Property Vertical

Industry: Real Estate

Press Release Summary: Chandigarh is soon to emerge as one of the most sought after
tier-III cities in the next 5 years in terms of commercial, industrial and
residential sectors. With major IT companies foraying into the region along with
national as well as international developers to meet the expected demand of quality
residential and commercial space.


Press Release Body:
Chandigarh is soon to emerge as one of the most sought after tier-III cities in the
next 5 years in terms of commercial, industrial and residential sectors. With major
IT companies foraying into the region along with national as well as international
developers to meet the expected demand of quality residential and commercial space.


There is no denying the fact that Chandigarh tri city along with Panchkula and
Mohali is getting the attention from private enterprises as well as state and
central government in an attempt to develop the region with quality infrastructure
and resources.

Technology and IT parks are scheduled to be launched in Panchkula and Mohali with
already the existing one in Chandigarh as CTP (Chandigarh Technology Park). Keeping
pace with the industrial and commercial development residential projects are too
launched in close vicinity. Not only national but also international developers have
launched their projects around Chandigarh in the suburban areas like Kharar, Dera
Bassi, Zirakpur, Baddi and Pinjore. Several residential projects in Mohali, Mani
Majra and Panchkula too are under construction with Mohali to be extended as Greater
Mohali developing several new sectors.

Projects like Parsvnath Greens in Dera Bassi, Parsvnath Royale in Panchkula, Uppal\'s
Marble Arch in Mani Majra, Ansals Golf Links in Mohali, Omaxe Greens in Dera Bassi,
Emaar MGF in Mohali are a few projects to name a few. These projects are coming in
the suburban areas of Chandigarh due to land exhaustion in the city and a very
limited options with exorbitant prices.

Rates in these projects have increased from 50% to 300% since they were launched 2-3
years back. Since there has been a slump in the real estate market since last one
year but the rates in these projects have not come down or depreciated. Instead they
have been stable and even appreciated in some projects.

With the festive season around, these projects are also offering various discounts
and attractive schemes like BPTP Parklands offering no EMI for 24 months on the loan
taken by the buyer. There are a number of options for a buyer to choose from to
avail the benefits.

Web Site: http://www.propertyvertical.com

Contact Details: Property Vertical SCO : 58 - 59, Second Floor, Sector:34 A,
Chandigarh - 160022