S
Sneha Patil
posted on 13 MayMy real estate dilemma: Buying in this market feels wild
Since last summer, I've been seriously looking for a 3BHK in Chandigarh, for myself this time. Even though I'm in real estate, these prices feel... something else. Seeing places in Saini Majra or even Mohali crossing ₹1.5 Cr for a 3BHK makes me wonder if this current rise is actually sustainable. Are we heading for a correction by 2026, especially with interest rates? Which areas do you genuinely see appreciating well in the next two years, like Aerocity or New Chandigarh? Don't want to buy at the peak.
#chandigarh-property#price-trends#2026-outlook#appreciation-potential#end-user
Comments
It's a tricky situation for sure. While a correction is always possible, especially with global economic uncertainties,
Bhai, ye jo interest rates badh rahe hain, iska kuch asar dikh raha hai market mein ya log abhi bhi khareed rahe hain bina soche? Builders toh apni rates pe adde hue hain. Kya lagta hai, demand itni high hai ya builders hi artificially inflate kar rahe hain prices?
Sahi keh rahe ho. Builders are not budging. They'd rather hold than drop prices, which makes it even tougher for us.
Honestly, high-end properties mein toh abhi bhi buyer mil rahe hain, particularly in developed areas like parts of Mullanpur Garibdass. But the mid-segment, jahan hum log dekh rahe hain, wahan thodi slow-down hai. Builders are not reducing prices, but they are offering more payment flexibility or small discounts on interiors. Direct price cut bahut kam hai.
You're not alone in this dilemma. Last year, I almost booked a 3BHK in Saini Majra at ₹1.3 Cr but then backed out because of the rising interest rates. I thought prices would cool down, or at least rates would stabilize. Now I regret it, but also feel like I dodged a bullet if a correction is coming. The fear of buying at the peak is real, especially for us first-timers who are putting our life savings into this. What if 2026 mein sab gir gaya?
Mujhe bhi lagta hai ke correction aayega. Especially in areas like Manimajra or even some pockets of Mohali where appreciation has been too rapid without proportional development. Log investment ke liye le rahe hain, not always for living. But for end-users like us, it's a huge risk. I'm waiting it out, maybe rental income will look better in the short term than buying at these rates.
Exactly my thoughts! Interest rates have made EMIs so much heavier. Earlier, for the same loan amount, my EMI was significantly less. Now, with prices already high, the increased interest just adds to the burden. It's a double whammy for buyers.
Same pinch! Main bhi Chandigarh mein dekh raha hoon. Par sach mein, ₹1.5 Cr for Saini Majra? Is that even real? Any specific projects ya builders ka latest quote dekha hai?
Exactly! Humare budget mein toh ab 2BHK bhi mushkil se mil raha hai. Ye prices kab tak aise badhenge, samajh nahi aata.
Haan bhai, bilkul real hai. I recently enquired about a 3BHK in a reputed project near New Chandigarh, they quoted ₹1.48 Cr for a 1600 sq ft unit, bare minimum. Yeh toh sirf base price hai, registration aur parking mila ke toh aur upar chala jayega. It's becoming impossible for salaried people.
Totally relate yaar! I'm also looking for a 3BHK in Mohali and the prices are just insane. Last year, I saw a decent place for ₹1.2 Cr in Aerocity, now similar ones are touching ₹1.6 Cr. It feels like a race against time, but my budget isn't running as fast!