Panchkula: new hot-spot for home buyers & builders

Located in the foot hills of the Shivalik range, Panchkula, a tricity of Chandigarh and Mohali, has gone through a rapid change and is dotted with residential, industrial and commercial units. At a distance of 10 minutes drive from Chandigarh and 3 hours from Shimla, the city is linked to Ambala-Shimla NH- 22 and NH-21, and has direct access to NH 73. With its natural beauty and promising business ecosystem, it has emerged as a preferred destination for business houses and IT firms, creating huge employment opportunities. Spread over an area of 79 acres, the Panchkula IT Park has 28 plots for IT majors and the area has land for commercial establishments, institutions, and shops. Its proximity to Chandigarh has proved to be a major growth driver as many existing brands and retail chains in the region have marked their presence in Panchkula. The growth of retail markets, shopping malls and multiplexes has pushed the demand for commercial spaces. The increasing demand for residences amongst the new age working population has encouraged the development of projects in the city. These factors are making the city a flourishing real estate market.