1. Airport Expressway :
Seamless link from Dera-Bassi to Chandigarh Airport accelerates residential uptake and land price in Chandigarh’s outskirts.
In Q3 2024, the Chandigarh property market recorded an average land price in Chandigarh of ₹4,983/sq ft across our sole tracked locality—Dera-Bassi—marking a 2.89% QoQ rise. This Chandigarh real estate newsletter dissects Chandigarh real estate trends in the peri-urban corridor, where Dera-Bassi leads investment activity. We analyse Chandigarh property rate shifts, map local amenities and highlight key infrastructure drivers. Whether you’re eyeing budget plots near the Chandigarh International Airport or exploring the broader Chandigarh property market, this report equips you with comprehensive, targeted insights on growth drivers and investment opportunities in Chandigarh real estate trends and emerging areas in Chandigarh.
Our current dataset covers a single zone in the Chandigarh region:
| Zone | # Localities | Avg. Price (₹/sft) | Prominent Highlights |
|---|---|---|---|
| Elite Zone | 1 | ₹4,983 | Gated layouts Chandigarh, peri-urban plots Chandigarh |
Dera-Bassi—affordable land parcels, proximity to NH-5 & Airport Expressway, upcoming logistics hubs.
Emerging peri-urban corridor of Chandigarh, offering budget plots, robust road connectivity and spillover demand from Mohali and Panchkula.
Also the most affordable Chandigarh neighbourhood in our tracking, ideal for price-sensitive investors seeking entry under ₹5,000/sq ft.
Infrastructure upgrades along NH-5 and renewed demand for peri-urban plots drive the Chandigarh property rate higher.
As the sole tracked locality, Dera-Bassi registers both the highest and lowest QoQ change, reflecting uniform growth.
Dera-Bassi benefits from easy access to PGIMER Chandigarh and Fortis Mohali, boosting residential appeal.
Proximity to IISER Mohali and top CBSE schools in Sector 20, Chandigarh, underpins rental demand.
Adjacent to IT City Mohali’s malls (Elante, VR Punjab) and Chandigarh’s Sector 17 market, enhancing lifestyle options.
Nearby Sukhna Lake and Chandigarh’s urban forest parks offer weekend respite for residents.
Seamless link from Dera-Bassi to Chandigarh Airport accelerates residential uptake and land price in Chandigarh’s outskirts.
Expanded four-lane highway improves commuter flows between Chandigarh, Haryana and Punjab investment corridors.
Early-stage plans to extend the Chandigarh Metro to Dera-Bassi promise shorter commutes and higher Chandigarh property rates.
New warehousing and SEZ projects near Dera-Bassi drive plot sales and long-term land banking.
Dera-Bassi plots under ₹5,000/sq ft—ideal for budget investors targeting long-term capital gains in the Chandigarh property market.
Secure parcels along NH-5 for 8–10% returns over 3–5 years, as infrastructure and spillover demand from Mohali escalate Chandigarh land prices.
Small-lot acquisitions near upcoming Metro stations can yield 4–6% short-term gains once connectivity plans solidify.
Consider mixed-use projects in Dera-Bassi offering rental yields of 3–5%, driven by student and junior-professional demand.
Q3 2024’s Chandigarh real estate snapshot centres on Dera-Bassi, where the average land price in Chandigarh stands at ₹4,983/sq ft, up 2.89% QoQ. While data currently tracks this peri-urban corridor, the broader Chandigarh property market—from posh sectors in Chandigarh city to Mohali’s IT zones—promises diverse opportunities. Use these insights to navigate Chandigarh real estate trends, identify value plays and capitalise on emerging growth corridors in the Chandigarh property rate landscape.