Chandigarh Investment Guide: 5 Highest Rental Income Areas

Introduction

Provides valuable insights into the real estate market in Chandigarh. Highlighting the areas with the highest Rental Income Areas. Analyzing key factors such as location, amenities, and demand. This guide aims to assist investors in making informed decisions for profitable investments in Chandigarh. Whether you are a seasoned investor or a first-time buyer. This guide will help you navigate the competitive real estate market in Chandigarh. Openplot explains investing the lucrative opportunities for maximizing rental income.

Table of Contents

• 5 Top Areas in Chandigarh with Highest Rental Income
  • New Chandigarh Area
  • Sector 48 in Chandigarh
  • Mullanpur
  • Zirakpur in Chandigarh
  • Manimajra in Chandigarh
• Frequently Asked Questions

The highest rental income areas in Chandigarh are typically located in prime locations. Such as Sector 17, Sector 22, and Sector 35. These areas are popular among tenants, due to their proximity to commercial hubs, educational institutions, and other amenities. They are ideal for investors looking to maximize their rental income potential.

5 Top Areas in Chandigarh with Highest Rental Income

Rental properties are in high demand due to their proximity to commercial centers and amenities. Investors can take advantage of the stable rental market. In these areas by purchasing properties. That caters to young professionals and families looking for modern living spaces. Offers several prime areas to generate substantial rental income.

New Chandigarh Area

The New Chandigarh area is a newly planned town located three kilometers from Mullanpur. It is being developed as an extension of Chandigarh city. Focusing on sustainable urban planning and modern infrastructure. The town is expected to become a hub for residential, commercial, and institutional development in the region. New Chandigarh is known for its green surroundings and well-designed landscaping.

Providing a calm and peaceful environment to its residents. With the presence of various educational institutions, healthcare facilities, and recreational facilities. New Chandigarh aims to provide a high quality of life to its residents. The town is strategically located near major highways and airports. It is easily accessible to residents and visitors.

The planned development of smart city features, such as efficient waste management. Advanced security systems will further enhance New Chandigarh’s appeal as a modern and sustainable urban hub. The area is well connected to major parts of the city. Driving distance from New Chandigarh to nearby places is mentioned below:

• Omaxe International Trade Tower is about three kilometers away
• Pammi de Hatti and Jund Mega Mall are some of the popular retail hubs within three kilometers.
• The area is 16 km from Sahibzada Ajit Singh Nagar Industrial Area
• Air Force School Mallapur is three kilometers from here
• Chandigarh Junction Railway Station is about 17 km
• Shaheed Bhagat Singh International Airport, Chandigarh, 25 km

New Chandigarh is Dominated by Residential Apartments

New Chandigarh is dominated by residential apartments. Almost all 3-bedrooms are priced at Rs 65 lakhs. However, it hovers between Rs 4,500 and Rs 9,000 per square feet. The locale also offers 1 and 2 BHK flats. To know the possible monthly rent of 3 BHK apartments and 2 BHK builders, check out the table below for the rental properties

Sector 48 in Chandigarh

Nestled along Jagatpura Bypass, Sector 48 in Chandigarh provides easy connectivity to major parts of the city. It is a convenient location for residents and visitors alike. With its proximity to schools, hospitals, and shopping centers. Sector 48 offers a well-rounded living experience for individuals and families.

The area is also known for its lush green surroundings and peaceful environment. Providing a tranquil retreat from the hustle and bustle of city life. Residents can enjoy a balanced lifestyle with access to modern amenities and recreational facilities in Sector 48.

• Bestech Business Towers and Mohali IT Park are within four kilometers
• Chandigarh Railway Station is about nine kilometers away
• Sector 48 is about six kilometers from Industrial Areas I and II
• Chandigarh International Airport is about 11 km from here
• Heritage High School and Banyan Tree School are within two kilometers of the local area
• Retail hubs like Elante Mall and Bestek Square Mall are within five kilometers

In the last year alone, property prices in Sector 48 in Chandigarh have increased by over 10 percent. This is the reason why the Sector 48 real estate market is booming. 3 and 4 BHK apartments in Sector 48 are price at Rs. 1.3 crores to Rs. 3.05 crores. Here the average per square foot is Rs. 11,150, the monthly rents in this area are as follows.

Mullanpur

Due to the increasing demand for properties in the Mullanpur area. Especially from students and young professionals looking for affordable housing options. Additionally, proximity to universities and commercial hubs also contributes. to the high rental income potential in Mullanpur.

Furthermore, the development of infrastructure and amenities in the area has attracted more tenants. Leading to a competitive rental market. As a result, property owners in Mullanpur have been able to fetch higher rents and more rental income. Let’s look at some important places near Mullanpur.

• Omaxe International Trade Tower is about three kilometers away
• Rajiv Gandhi IT Park is 15 km from Mullanpur
• Chandigarh Industrial Area Phase 1 is 14 km away.
• Pammi Di Hatti and Jund Mega Mall are in the local area.
• Little Angel Public School and Little Millennium School are two kilometers away.

The 2 and 3 BHK configurations are in high demand. The average property rate is Rs 6,500 per sq ft. The price tag for a 2 and 3 BHK flat in Mullanpur begins at Rs 70 lakhs to Rs 73 lakhs. This area is considered to be a prime location due to its proximity to key amenities. Like schools, hospitals, and shopping centers. The demand for residential properties in Mullanpur is expected to continue rising in the coming years.

Zirakpur in Chandigarh

Zirakpur in Chandigarh is a fast-growing town on the outskirts of Chandigarh. Known for its well-planned infrastructure and proximity to major cities like Chandigarh, Mohali, and Panchkula, Zirakpur is a popular choice for residential and commercial properties. Their average rent is in high demand. So, you can earn income by renting out the house.

About six km from GMADA Aerocity, it is connected by National Highways (NH) 5, 7 and 152. Rental income in Chandigarh is subject to a flat-rate tax of 10% on the gross rent received. Landlords can claim deductions for expenses incurred on the property, such as maintenance and repairs. Strong connectivity and proximity to several employment zones boost rental demand. Here are some places near Zirakpur:

• Panchkula IT Park and Rajiv Gandhi IT Park are within 14 km
• Chandigarh International Airport is approximately nine kilometers away
• Mothiaz is home to Royal Business Park and Unicity Business Park
• Chandigarh Industrial Area Phase I and II is eight kilometers
• Chandigarh Junction Railway Station is eight kilometers away from the locale
• Shopping avenues like Paras Downtown Square, Cosmo, and Central Square are here.

The average price of an apartment in Zirakpur per square feet is Rs. 5,450. Residential apartments in 1, 2, and 3 BHK configurations dominate prominently. A 2 BHK Apartment in Zirakpur Rs. 40 lakhs, while a 3 BHK apartment costs Rs. 72 lakhs onwards. 1 BHK apartment costs Rs. 24 lakhs in Zirakpur residential real estate market demand.

Manimajra in Chandigarh

Manimajra, also known as Sector 13 in Chandigarh, is a residential and commercial area located on the outskirts of the city. It is a popular destination for both locals and tourists alike. The area is well-connect to the rest of Chandigarh through various modes of transportation. It was easily accessible for residents and visitors.

Manimajra offers a mix of modern amenities and traditional charm. Creating a unique atmosphere that appeals to people from all walks of life. The area is home to several educational institutions, healthcare facilities, and recreational facilities, providing a well-rounded living experience to its residents. Manimajra is a bustling neighborhood that offers a blend of convenience and culture. It is a desirable place to live or visit in Chandigarh.

With a diverse range of dining options, shopping centers, and entertainment venues, this neighborhood truly has it all. Property Price Rs. Starting from 11,250 per sq. ft. Prices of residential apartments per sq. ft. Are Rs. 5,000 onwards. Excellent connectivity to key areas further enhances its appeal among tenants.

• Chandigarh Industrial Area Phase 1 and 2 are five km
• Chandigarh Junction Railway Station is three kilometers away
• DLF City Center Mall and Fun Republic are located in this area
• Shaheed Bhagat Singh International Airport, Chandigarh, is fifteen kilometers from here.

Conclusion

Rental Income areas include sectors that consistently show high rental yields due to their prime locations and amenities. Investors looking for lucrative real estate opportunities in Chandigarh should consider. These areas are for long-term returns on their investments. These sectors are known for their stable property values ​​and high demanding from commercial and residential tenants. Further, well-planned infrastructure in these sectors. Quality of life makes them attractive options for investors seeking reliable rental income.

Frequently Asked Questions