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99acres.comUnderstanding of Chandigarh and its surroundings

By- Danveer NandaSenior Executive Corporate sales99acres.comINTRODUCTION99acres.comis anIndianreal estate database website that was bought in 2005.Its parent company isInfo Edge (India).established bySanjeev Bikhchandaniwith its headquarters in Noida, Uttar Pradesh and regional offices in cities like Bangalore, Mumbai, Chennai etc.The website also released mobile apps for theAndroidandIOSusers in Dec 2013 & Feb 2014 respectivelyWebsite Layout

The website contains 3 types of pagesHome pagesCity pagesSearch pagesHome PageThis is the page that is seen the first time a user views the website.The second time, the user visits the website, he is directed to his searched city pageHome page can be further categorized as :All India pageNIR Homes pageCommercial pageCity PageThese are the various pages that displays property in a particular city and its surroundingsThere are 19 City Pages in 99acres.com.

ChennaiAhmedabadBhubneshwarKerelaDelhiHyderabadChandigarhCoimbatoreLucknowMumbaiPuneJaipurGoaSurat BangaloreKolkataNagpurIndoreVadodra

Search PageThis is the page that displays the search results to a particular query of the user

Various filters can be used in the search page to skim out the results that match the users requirements

Search page is further of 2 typesResidential pageCommercial pageChandigarh City Page

Areas Near ChandigarhVarious areas have developed near Chandigarh city along its boundaries and these areas are sites of large projects that include sale ofLandsApartmentsCommercial SCO/SCFsThese territories are ZirakpurMohaliDera BassiPanchkulaMullanpurKhararZirakpurZirakpur is a fast growing town near Chandigarh that lies on the south-east side of it.There are many major residential projects taken upon in the area by some of the biggest builders of the country.

ZirakpurSome of the projects in Zirakpur are as followsOrbit ApartmentsMD Leaf StoneMalwa Escon ArenaMona greensSushma Chandigarh GrandeMotiaz royal city

Most projects offer 3 BHK apartments ranging from an size of 1500 to 2100 sq ft

Average price/SqFt calculated from various projects is around 3000 Rs/SqFt

Price of these apartments range between 50+ lacs to 90+ lacsZirakpurSome clients provinde only 3BHK apartments in this area are listed below.Barnala Riverdale Aquagreen- 1880 Sq Ft - 3025 Rs/SqFtOrbit Apartments - 1630-2622 SqFt - 3349 Rs/SqFtGolden Sand Apartments - 1950-2066 SqFt - 3219 Rs/SqFt

Other than this, clients also provide 2BHK apartments 4BHK apartments5BHK apartmentsLandProjects in ZirakpurPROJECT NAMEBHKArea (Sq Ft)Price( in Lacs )Price/SqFt (approx)Barnala Riverdale Aqua green3188054.05 56.853025 RsOrbit Apartments31633 262270 89.013349Golden Sand Apartments31950 206665.93219Mona Aeroview31266 135043.053188MD Lesf Stone231350185035.07 36.4549 49.892670Malwa Escon Arena2341315 13851685 2195237541.9555.45 63.6775.76311130953190Price Trends in ZirakpurThe prices saw a declining trend in Zirakpur from year 2103 14 but since then they have stabilized and have been moving upward. The trend in projected to move upward in the coming year too.Mohali

Mohali(or Sahibzada Ajit Singh Nagar) is a city which is a commercial hub lying adjacent to the city ofChandigarh inPunjab, India.

Mohali, along with Chandigarh and Panchkula, forms a part of theChandigarh Tricity.

Projects in MohaliPROJECT NAMEBHKArea (Sq Ft)Price( in Lacs )Price/SqFt (approx)RKM Ishaan Heights231220 12551625 174137.67 38.852 52.0130913250WWICS Imperial Heights123441011591528 18402238 - 23141630 3538 5170 - 763902280427273208TDI City 2233Residential Land1050 - 12001255 - 15901255 - 18961638 4500-44 120 32 - 50 36 - 99 -3545 - 754526002200Homeland Heights3451982 - 23102409 - 33994057128 - 132152255571454306285Ireo Rise Mohali1239121204 12331510 18133743 55.152.14 65.97405744603638Price Trends in MohaliProperties in Mohali have been declining at a rate of 8% 9% P.A. and a re expected to move down in the following year at 2% - 3% rate.Dera Bassi

Dera Bassi is located on the Chandigarh Delhi National Highway, 20km from Chandigarh. It is strategically located near the boundary of Haryana, Himachal Pradesh and Union territory of Chandigarh.

Projects in Dera BassiPROJECT NAMEBHKArea (Sq Ft)Price( in Lacs )Price/SqFt (approx)ATS Golf Meadows Lifestyle2341160-13501650-22602300-301532 - 39 49 - 8464 94288937163118Ubber Golden Palms232,32,3, Residential land700-8401012-1300701-1685701-1102810-360013.50 19.50 13 - 2213 - 1910 111753168713501724476ATS Golf Meadows3,4,54,5Residential Land1350-31503150-4500900-450036 - 88160 - 26217 62279358221377GBP Eco Green 22,3Residential Land735-1144837 14 - 2512 - 13.521851523Price Trends in Dera BassiPrices in Dera Bassi have shown a cyclic trend in the past moving upward in 2103 14 and then moving down in 2014 15. it is expected to see a upward movement again in 2105 16 at a rate of 4% P.A.Mullanpur

This is the area whose key USP is its proximity to the main sectors of Chandigarh is being developed as a self-contained city and not a satellite town of Chandigarh

There is also proposed upcoming metro connectivity to the region, prestigious educational institutions, water and sewage channels are also under process.

Projects in MullanpurPROJECT NAMEBHKArea (Sq Ft)Price( in Lacs )Price/SqFt (approx)Omaxe The Lake1234Residential Land95012851530 26002300 94001035 225035.05 - 4046.95 - 6456.45 - 10878.98 - 39432.11 - 42.2439474319415441911876DLF Hyde Park3 3 Residential Land18841880 18812250 450065 17570 96.185 176636944123911Omaxe New Chandigarh PlotsResidential Land250 - 450015 - 1503333Altus MuirwoodsResidential Land1350 900042.95 - 54950Price Trends in MullanpurMullanpur has been showing huge opportunities for investment in real estate and the area is being newly developed and is in near proximity to various key locations of Chandigarh and Haryana. The prices are expected to rise at 7% 8% even in these harsh market condition.Panchkula

Panchkulais a planned city inHaryana,India. It forms a part of a continuous area with the Union Territory of Chandigarhand the city ofMohali. It is approximately 4km from the Chandigarh. TheChandigarh-Mohali-Panchkula metropolitan region collectively forms a Tri-city.Projects in PanchkulaPROJECT NAMEBHKArea (Sq Ft)Price( in Lacs )Price/SqFt (approx)Shree Vardhman Green Space12515 535730 7801420.9426662773

Ireo Five River2-3-43-4-6 3 Residential Land1350 27612250 900014252250 900059.4 119129 51554.72 6875 1204310572247711814Suncity Parikrama Housing Complex3451850 21503050360074 99103Price on Req46043377-Panchkula Heights1234600 8001200 125016502500 - 270020 2238 404860 653000318329092403Price Trends in Panchkula

The prices in Panchkula declined in 2014 15 and then rose again in 2105.They are expected to show a upward trend in the following year rising at 2% 4% P.A.Kharar

Khararis a city and amunicipal councilinAjitgarh districtin thestateofPunjab. It is at a distance of about 10-15 kilometers from Chandigarhand about 4 kilometers fromAjitgarh.

Ajitgarh is the district of Kharar and kharar itself has tehsil.Projects in KhararPROJECT NAMEBHKArea (Sq Ft)Price( in Lacs )Price/SqFt (approx)Vision Nirwana Greens 41-2-3-4-53 880 4416121519.9 100Price on Req2264-Omni Amayra Greens1236101175 13101570 1750Price on Req29.97 37.9734.9 44.47-28982541Bajwa Sunny Heights12373212931497Price on Req31Price on Req-2397-Vision Amari Greens2 2 820 11751200 123021 2834 3524562893Gulmohar Heights1234535118023602360Price on Req27.3 28.145Price on Req-23471906-Price Trends in KhararPrices in Kharar are seeing a declining trend and are expected to go down even further touching approximately a price of 2700 Rs/SqFt by 2016. at 3% P.A.Overview of the MarketChandigarh and its surroundings has seen a drop in the Purchase/Sale of properties despite price drops in the same.This, combined with the development of new projects in the recent years has made the market very stiff and competitive.But with the development of various facilities in the neighbouring areas, like mohali being a proposed site for international airport and metro rail connectivity, the prices are sure to move up.This allows 99acres.com to become a effective intermediate between a buyer and seller by leveraging its marketing capabilities to meet the needs of them both at the same time.

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