K
Kiran Bedi
What nobody says about Chandigarh's inflated property prices
Are we actually seeing a bubble in places like Zirakpur, or is it just me? I'm in real estate myself, but honestly, buying for my own family in Chandigarh feels like a different ballgame. The prices in places like Zirakpur or even some parts of Mohali seem totally out of sync with actual value, especially for 2BHKs. Are these jumps sustainable till 2026, or are we heading for a correction? I know what builders don't tell you, but this feels like pure speculation in some projects. Any specific areas or builders you'd predict a price correction for? Or where to avoid?
#price-correction#chandigarh-real-estate#zirakpur#mohali#2026-outlook
Comments
Meri toh himmat hi nahi ho rahi book karne ki. Last year, I almost finalized a flat in Zirakpur near VIP Road. They asked for 45L. I waited a bit, thinking prices might cool down. Now the same project, same configuration, is
I've been tracking prices in Mullanpur Garibdass and some parts of Mohali, specifically Sector 115. A 2BHK which was 35L in 2021 is now easily 50-55L. This is a 40-50% jump in 3 years! RERA data for some projects shows sales velocity slowing down, especially for higher price segments. This clearly indicates a slowdown in genuine buyer demand, mostly investor driven now. Builders are still holding prices, but I'm seeing more 'special offers' pop up. What does this mean for genuine buyers like us?
U10, bilkul! Builders ki tricks samajh nahi aati. Hum toh bas apna ghar chahte hain, ye log toh numbers ka khel khel rahe hain.
U9, yes, it seems so. The genuine buyer segment, especially for first-timers, is definitely hesitant at these prices. The 'special offers' U4 mentioned are often just ways to mask a price drop or offer value additions instead of outright reducing the per sqft rate. It means builders are feeling the pinch, but don't want to officially declare a price cut.
U4, that's a sharp observation about sales velocity! So you're saying the market is slowing down for real buyers?
Sahi baat hai, OP. The prices in places like Zirakpur are insane. But do you think the upcoming infrastructure like the new airport road connectivity will sustain these prices, or is a correction inevitable by 2026?
U7, exactly! My friend booked a flat in a project near PR-7 road and is regretting it. The builder is pushing for possession but the amenities are nowhere near complete. He feels he overpaid. This kind of situation leads to lower resale values later.
U6, you're right about Rasulpur. But even in developed parts of Zirakpur, the sheer number of unsold units is alarming. Builders are sitting on huge inventory. Eventually, they'll have to offload, which usually means price cuts or heavy discounts. So, a correction by 2026 seems plausible, unless demand miraculously skyrockets.
U3, I think the airport road connectivity will definitely help, but only for specific, well-located projects. For general Zirakpur, a correction is very likely. Especially in areas like Rasulpur, where quality of construction is often questionable, prices might dip first.
Bhai, bubble toh lag raha hai. I visited a project in New Chandigarh, they were quoting 60L+ for a 2BHK. Kaise afford karega ek middle-class family? Builders are just milking the demand.
Totally agree yaar! Zirakpur mein toh prices sky high hain for a simple 2BHK. Lagta hai log bas invest kar rahe hain, rehne ka soch hi nahi rahe.