Strategic Sale: Land Parcel Near Chandigarh’s Ring Road Fetches ₹6,000/sq.ft., Fueled by NHAI Project Progress
In a significant development for the Chandigarh real estate market, a land parcel near the under-construction Chandigarh Ring Road has been sold at a notable rate of ₹6,000 per sq.ft. The transaction reflects growing investor confidence spurred by the steady progress of the NHAI (National Highways Authority of India) infrastructure initiative.
Key Highlights:
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Sale Price: ₹6,000 per sq.ft., showing a premium due to strategic infrastructure value
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Location: Close proximity to the proposed Ring Road alignment, linking NH-5 and NH-152
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Buyer Profile: Likely developers or institutional investors eyeing mixed-use potential
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Driver: Ongoing development under the NHAI project is catalyzing land price appreciation
Ring Road’s Game-Changing Potential
The Chandigarh Ring Road is designed to decongest urban traffic and enhance connectivity to peripheral zones, industrial belts, and satellite towns like Zirakpur, Kharar, and Mohali. The improved logistics and ease of access are expected to attract commercial, residential, and logistics developers in the coming years.
Investment Surge in Peripheral Regions
As infrastructure takes shape, land in peripheral areas—once undervalued—is now commanding a premium. The latest sale underscores a widening interest in transit-oriented development, and it is a strong signal to real estate investors and developers looking to capitalize on long-term growth corridors.
