At the present time two important changes have occurred in the society which resulted in the need of housing societies, flats and apartments. Firstly, the mobility of the educated middle-class that would travel, following new avenues of employment for status and stability, leaving their traditional homes and accepting new societal environments.
Secondly, it is perhaps true to say that today most middle-class families aspire towards the ideal of an independent home on one’s own piece of land in the quiet and green of a suburban estate. Indeed, this resulted in development of residential and commercial projects in the regions near developed cities and towns.
One of such region is Zirakpur near Chandigarh, a hub for affordable housing. Zirakpur has already become extremely popular among investors and which is why it has managed to keep the prices low and affordable even after being one of the most well planned urban town of the country.
Before the year 2000, the Chandigarh city had a population of less than twenty thousand. Soon a small village Baltana, which is a part of Zirakpur now, started having some population growth being near to Panchkula and Chandigarh. From 2004 onwards the city’s population started to increase rapidly, with booming property prices and the arrival of a large number of residential projects in the suburbs. By the year 2017, population in Zirakpur has increased to 2, 05,000 approx.
Zirakpur, a well known famous destination with all facilities:
Amongst the largest four subsectors, i.e. housing, retail, hospitality and commercial, the commercial real estate demand is witnessing a robust growth lately.
Ready buyer is there, who is looking for some good investment prospective in commercial property. Zirakpur is emerging as the destination equipped with entertainment, night club, factory outlet and eateries like Mc Donalds, Burger King, KFC, and Local Dhabas are much in demand in commercial. There is hardly any person in this world that does not prefer enjoying shopping along with eating. Everybody nowadays loves to make proper utilization of their weekends with their families especially the working class. Throughout Punjab, people are simply relying on facts that the commercial destinations in Zirakpur will be able to provide some of the best facilities. All these facilities help a lot in attracting a huge toll of traffic towards them.