N
Neha Sawant
posted on 12 MayAffordable Homes prices are getting too high
Affordable Homes area in Chandigarh, I'm really confused about its price trend. Last year prices seemed stable, but abhi thoda upar ja rahe hain. Is it the right time to buy a 2BHK there, ya prices will cool down? Should I wait a bit more, or will I miss out? Any idea what's causing this recent hike? I'm looking at places around ₹60-70L. Your thoughts would be helpful.
#affordable-homes#chandigarh-property#price-trends#investment-advice
Comments
It's a tough call for first-time buyers like us. On one hand, you don't want to overpay and regret it later if prices cool down. On the other hand, property in a city like Chandigarh tends to appreciate long-term, so waiting too long also means higher entry barriers. My advice would be to look for builders with a solid track record of timely delivery, even if it means stretching your budget a little. Also, consider the location's future potential – connectivity, upcoming schools, hospitals. ₹60-70L is a good budget, but maybe you need to widen your search to slightly less developed areas like Saini Majra, which might have better appreciation potential in the next 5-7 years. What did you finally decide, OP?
The price hike isn't just limited to Affordable Homes or Mullanpur, it's a general trend across Chandigarh and its periphery. With land prices increasing and construction costs going up, developers are passing that on. Plus, post-pandemic, everyone wants bigger homes and open spaces, and Chandigarh offers that. The current market conditions are seeing stable demand but limited new supply, which naturally pushes prices. Waiting might mean missing out on current rates, but buying without due diligence on the builder is riskier. Have you checked the RERA status and possession dates for the projects you're interested in?
But is this sustainable? Some of these price jumps feel artificial, especially from builders with a reputation for delays. Just because the market is hot doesn't mean every project is a good investment. What if it's just speculative buying pushing the rates up?
Sahi keh rahe ho. Even in New Chandigarh, the good projects are seeing significant jumps. It's a seller's market.
I agree with the price hike observation. My agent was showing me flats in Manimajra just 6 months ago, and those same units are now quoting 10-15% higher. It's like everyone suddenly realised Chandigarh is a great place to invest. Is anyone else seeing this trend specifically in projects near the Mullanpur Garibdass side?
Totally! My friend bought in Rasulpur last year, and his property value has already appreciated quite a bit. Mullanpur is definitely the next big thing.
Haan, Mullanpur side toh prices have definitely shot up. Especially the projects closer to the main road or with good connectivity. I was looking at a 2BHK there, builder quoted 55L, and within a month it was 60L. Abhi toh 65L bol rahe hain. It's crazy. Seems like the demand from Punjab and Haryana is pushing it, plus the upcoming infrastructure.
Honestly, I wouldn't touch anything in that 'Affordable Homes' tag by certain builders, especially if it's connected to Ansal API. Unka track record Chandigarh aur NCR mein bahut mixed raha hai, especially with possessions. My uncle booked a flat with them years ago in a different project near New Chandigarh, aur 5 saal tak sirf dates hi milti rahi. ₹60-70L is a huge investment for a first-time buyer; you don't want to get stuck. Research the builder's past projects thoroughly, not just the current hype. Delhi-based hain, 1967 se hain, but consistency ka issue raha hai.
Bhai, same feeling yaar! I'm also eyeing a 2BHK in Affordable Homes, but ₹60-70L for that area feels a bit much now. Last year, this budget could get you something decent. Ab toh lagta hai wait karna padega ya fir compromise. Kya karein?