Press Release

Virtual Real Estate is Seeping in Chandigarh---an Overview

Undoubtedly, Chandigarh, one of the most planned cities in India, is comparable to any developed city in the world from many aspects. Recently, the city has experienced tremendous growth in real estate sector, factors contributing to which could be judged as broad inclusion of information technology including BPO’s set ups, and software development firms etc. Although, this high-tech transformation led to massive influx of population from adjoining states that invariably is causing burdens on basic civic amenities, yet the city has earned a good position in the list of cities of India adjudged on the grounds of earning-living capacity ratio. Not very long ago, the city had never observed apartment culture, which now with its expansion from all sides has become the buzzword in this rapidly transforming city. Earlier, the government departments were solely involved in taking up the job of vertical construction, which now has been gripped by private builders, who consistently been offering ultra modern, extremely innovative and exquisitely furnished flats suiting the needs of masses. Big names like Pearls, Parsavnath, and Uppal’s are giving real impetus to the flat culture, and their futuristic apartment schemes are eagerly awaited in the city. Not only the private developers, but also the entities directly related to real estate sector for e.g. real estate agents, real estate firms etc. are experiencing radical changes in their critical business processes. For example, now a day if a person needs to buy a property, the choices for him/her are ample but the distances in which these choices are located are far-stretched, therefore, a feasible medium in the shape of virtual real estate has seeped its way through. Many real estate portals, one such for example www.123yards.com , have come up and are completely dedicated to provide exquisite services (buy sell rent and lease) in real estate sector covering Chandigarh and its suburbs for instance Mohali, Panchkula, Zirakpur, Derabassi etc. Due to high literacy rate in Chandigarh, the usage of real portals is rising phenomenally compared to almost a negligible percentage few years ago. Taking above explanation into account, enhancement in these upcoming and developing technologies will certainly yield benefits for city Chandigarh from all aspects of real estate for any boom that comes next