Did you know the investment done in tier-2 cities like New Chandigarh will be projected to grow by around 20% in 2025 ( according to reports)? This big uprise happens under many factors like high-quality infrastructure, affordability, and a growing economy as well. If you are an NRI or Non-Resident Indian who’s looking for some great investment offers and opportunities, certainly go for New Chandigarh.
This blog is the perfect guide for the best residential properties in New Chandigarh that they can invest in. It will tell you everything regarding the New Chandigarh property market for NRIs and how and where to navigate the best property deals for investment.
Why New Chandigarh is an Attractive Destination for NRIs:
The city of New Chandigarh is well-planned and has some pros that will surely attract real estate investment for NRIs:
Great Location & Connectivity
Situated near Chandigarh, New Chandigarh provides flawless connectivity through highways and upcoming projects. This great location advantage provides easy access to other cities as well as the airport.
Economic Growth and Infrastructure Development:
The city is showing vast economic growth with different IT parks along with different development projects underway or coming soon. This translates into a real estate market that’s highly promising with great positives for financial capital.
High Quality of Life
The New Chandigarh provides a serene environment with a well-developed infrastructure with top-notch healthcare facilities and prestigious educational institutions along with ample recreational opportunities providing a high quality of life.
New Chandigarh has an appeal that makes it a great and attractive potential for NRI investment in New Chandigarh.
Also Read: Why Indian Real Estate Attracts Global Investors
Key Factors to Consider When Investing in Residential Properties in Chandigarh
There are some major investment factors for NRI investment in New Chandigarh:
Property Appreciation
The property market of New Chandigarh has started and is right now in its initial stage, providing the best time for value appreciation over the coming years.
Rental Yield
The growing demand for households is going even higher with the rapid growth in population and professionals and more that are ready to join the workforce. This provides a big demand for the rental market, and this is happening in New Chandigarh, providing great rental revenue for investors.
Legal Aspects
Any NRI that invests in India should understand the legal system and legal framework for property sales, purchase, and renting for NRIs. When invested with the help of the right developers and experts for Law, this ensures a simple and easy process.
Government Policies
The Government of India offers different NRIs investment offers, including repatriation of funds and tax benefits. It should consult with a financial expert to understand the policies in detail.
Also Read: Residential vs. Commercial Property: Which Investment Option is Better for NRIs in India?
Top Residential Properties to Invest in New Chandigarh:
These are the top properties in New Chandigarh for NRIs. These properties have fantastic potential:
1. The Lake
Epitomizing true luxury living, The Lake offers some of the most opulent luxury apartments in New Chandigarh, featuring breathtaking views of a central lake.
Location
The Lake is situated in the middle of New Chandigarh and it has educational institutions, healthcare facilities as well as shopping centers nearby.
Amenities
The Residents of Lake have multiple amenities. From the clubhouse to the swimming pool to an advanced gym to landscaped gardens. Not only that, it has a kids play zone as well.
Price Range
The price range of The Lake starts from ₹68 Lakh, making these apartments some of the best-value luxury apartments for investment purposes.
Investment potential
From being in a prime location to luxurious amenities along with a growing rental market gives the Lake a perfect option for Real estate investment for NRIs.
2. The Resort
Providing a peaceful and perfect environment for living, The Resort is ideal for people who want to live in the lap of nature. It’s one of the best residential properties in New Chandigarh.
Location
Close to the city yet providing a perfect spot for nature lovers, the Resort by Omaxe LTD. is perfect for a natural living yet not far away from the modern amenities of New Chandigarh.
Amenities
The Resort features different amenities for a comfortable and cozy lifestyle, that includes a swimming pool and landscaped gardens, gyms along with a dedicated children’s play area.
Price Range
The price range of the Resort starts from ₹59 Lakhs. The Resort has some great and viable options for NRI investment in New Chandigarh
Investment Potential
This tranquil location coupled with the rising demand for quality spaces for living makes the resort a great option for the potential for a steady income along with long-term capital appreciation.
3. Gardenia
Gardenia offers well-designed and spacious apartments that are perfect for families seeking modern and comfortable living spaces. It features some of the best apartments in New Chandigarh.
Location
This is strategically located and near the heart of the city, Gardenia easily connects with each part of the city. From the educational centers to healthcare facilities and much more, Gardenia has everything.
Price Range
With the prices of the apartments starting from ₹1.4 Crore, Gardenia offers a great entry point for different budget-conscious NRIs
Investment Potential
Nearby to the heart of the city and providing an ultimate opulent experience, The Gardenia from Omaxe LTD is perfect for long-term capital appreciation.
Looking for the Top Residential Properties to Invest in New Chandigarh
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Conclusion
There are some of the best residential properties in New Chandigarh that have the best potential for investment. With a fantastic location advantage and world-class infrastructure with a growing economy and high quality of life, this city provides a true blend of modern and traditional lifestyles that are filled with modern amenities and comfortable living.
The New Chandigarh property market for NRIs is fabulous for investment and NRI should jump on it before the property prices soar through the roof.
Whether you want a comfortable and luxurious living or you want to live a natural lifestyle, Omaxe LTD has the perfect property that will suit people’s needs and requirements.
Contact Omaxe Group today and explore a vast range of properties for different types of buyers. With the right experts from Omaxe, they will guide you through that process and help make you an informed decision that will benefit you both whether you want a residence or you are doing for investment.
