Moneycontrol.com-Tricity region emerges as a new real estate investment hotspot for NRIs, professionals
Fuelled by high demand and limited land availability, the Tricity region — Chandigarh, Mohali, and Panchkula—is witnessing a substantial real estate boom, driving significant property price increases and establishing it as a prime realty hub for buyers and investors.
Real estate experts said that better connectivity, robust infrastructure, good air quality and proximity to hill stations like Kasauli and Shimla, are helping cities like Chandigarh, Panchkula and Mohali lead the shift toward premium living in Tier-II cities. They said that housing prices, especially luxury homes, had witnessed a significant increase in the range of 15-20 percent in the Tricity region in the last 2-3 years which has transformed these Tier-II cities into investment hotspots for NRIs and professionals.
