Panchkula, Chandigarh forms the part of Panchkula district and is located at a distance of approximately 4 kms from southeast of Chandigarh. Chandimandir Cantonment, the headquarters of the Western Command of the Indian Army is located at Panchkula. Many state government agencies have their offices in Panchkula. Some of them are Department of Technical Education, Haryana Urban Development Authority, Regional Transport Authority and Central Board of Secondary Education. This set up definitely creates a positive impact on the real estate of Panchkula.
Economy, Industry & Employment
Panchkula is a tourist attraction having Morni Hills, Pinjore Gardens and Cactus Garden & Yavnika Garden. Because of this, there are many hotels in Panchkula. Some of the known hotels are Bella Vista Hotel, Red Bishop Tourist Complex, Ramgarh Heritage and a Luxury Boutique Resort. This attracts developers to put in their resources in the said sector.
Infrastructure of Panchkula, Chandigarh
Panchkula is a planned city and have a developed infrastructure. Panchkula houses many educational institutions. Some of them are Little Flower, Bhavan Vidyalaya, Satluj Public School, CLDAV, DAV and Hansraj. Along with that there are various malls in the locality. Some of them are Shalimar Mall, DT Mall, INOX Amravati and Paras Downtown. Along with all these facilities, Panchkula has great greenery. All this satisfies the tourists and residents coming to the city. This further pushes the city’s rental market.
Real Estate in Panchkula
Property in Panchkula is demanded by people because of the greenery and facilities provided by the city. Because the city offers beautiful scenic views people prefer to buy a home which can be used for spending holidays. The city offers various facilities to the residents. This increases the confidence investors have in the real estate. Panchkula Real Estate has seen investment from various prominent developers such as ATS, Uber, Palm Heights Private Limited, MD Builders and Developers, SBP, Essel Group and GBP.