AREA WATCH

Cheaper hous­ing op­tion in Panchkula

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE - HT Es­tates Cor­re­spon­dent ht­es­tates@hin­dus­tan­times.com

The Ghag­gar river di­vides Panchkula into old and new sec­tors. The sec­tors be­yond the river that share their bor­der with Ram­garh vil­lage are known as the new sec­tors and in­clude Sec­tors 24, 25, 26, 27, and 28. These sec­tors are con­nected to the older sec­tors by a bridge over the river be­tween Sec­tors 3 and 23.

Peo­ple hunt­ing for homes in these ar­eas can opt for plot­ted and apart­ment seg­ments, most of them in the sec­ondary mar­ket. The main sup­ply gen­er­a­tors are Haryana Ur­ban De­vel­op­ment Au­thor­ity (HUDA), Haryana Hous­ing Board and co­op­er­a­tive group hous­ing so­ci­eties. These planned sec­tors have sep­a­rate res id e n t i a l , co m m e rc ia l , recre­ational and in­sti­tu­tional ar­eas.

Avail­abil­ity and prices

Plots of dif fer­ent sizes start­ing from 100 square yard to 500 square yard are avail­able in these sec­tors. Prices range from R32,000 per sq yd to Rs 40,000 per sq yd. Apart­ments in group hous­ing so­ci­eties are also avail­able in dif­fer­ent sizes in 2BHK, 3BHK and 4BHK (bed­room-hall-kitchen) for­mats of about 800 sq ft to 2,000 sq ft size. Prices range from around

R3,500 to R4,500 per sq ft. These sec­tors have sev­eral rent­ing op­tions. A 10-marla in­de­pen­dent built-up house is avail­able for an av­er­age monthly rent of R10,000 to R12,000. Apart­ments of 2, 3, and 4 BHK are avail­able. Rent for a 3BHK apart­ment is around

R10,000 a month. For the past five years, prices have steadily de­clined as the realty slow­down in the city and region im­pacted these sec­tors. “After the cen­tral govern­ment de­ci­sion of de­mon­eti­sa­tion, the sale and pur­chase of prop­erty in these sec­tors, much like in the rest of the city, sharply de­clined. Prices are also ex­pected to de­cline by 25% to 30% after the an­nounce­ment of the pol­icy,” says Vikas Narang, 36, a lo­cal real es­tate con­sul­tant.

Strengths, at­trac­tions

The rel­a­tively cheaper prices are an ad­van­tage. Prices are 25% to 50% less than the prices in the older ar­eas. Also, these sec­tors are sparsely pop­u­lated with high va­cancy rates in plots, built-up houses and apart­ments. “It is rel­a­tively easy to find a house of one’s choice here as the gap be­tween de­mand and sup­ply is large. Most of the sup­ply is in the sec­ondary seg­ment. A home buyer can ex­plore apart­ments, va­cant plots and built-up kothis. In Sec­tors 27 and 28, prices are still cheaper, and the habi­ta­tion is much less,”l ” says ArunA Ch Chugh,h 62, a re­tired govern­ment em­ployee and a res­i­dent of Sec­tor 26.

Con­cerns

The con­nec­tiv­ity of the new sec­tors with older sec­tors and with the rest of the tricity is a ma­jor con­cern for the home buy­ers and lo­cal res­i­dents. “There is only one bridge that con­nects the area with the rest of the city and the tricity. It isi al­waysl crowdedd d and d it i is time con­sum­ing to travel to of­fice and schools in the city from here. The govern­ment should build at least one more bridge con­nect­ing the area with Sec­tors 21 and 20,” says Pawan Gupta, 32, a lo­cal res­i­dent, work­ing in the in­sur­ance sec­tor.

An­other com­plaint the lo­cal res­i­dents of­ten make is the rel­a­tively poor in­fra­struc­ture in the area. “The in­ter­nal roads here are no not ot as well main­tained as the rest of the city. Sim­i­lar is the case withw street light­ing. Im­por­tant ed­u­ca­tional and health­care fa­cil­i­tiesf are miss­ing fromf theh area. The el­derly have a huge prob­lem when it comes to med­i­cal care. Heavy traf­fic on Na­tional High­way 73, which runs along­side these sec­tors, makes en­try to the res­i­den­tial ar­eas dif­fi­cult. It’s a ma­jor has­sle cross­ing the high­way and en­ter­ing the sec­tors be­cause of the traf­fic. An un­der­pass should be built for lo­cal res­i­dents to cross the high­way,” says Manoj Sharma, 67, a lo­cal res­i­dent.

For home buy­ers look­ing for a cheaper al­ter­na­tive to the older sec­tors, these sec­tors of fer good op­tions. After de­mon­eti­sa­tion, it’s cheaper to own a house. But this comes with rel­a­tively in­fe­rior in­fra­struc­ture de­vel­op­ment. Though in re­cent years, with habi­ta­tion in­creas­ing, the pace of in­fra­struc­ture de­vel­op­ment has im­proved. Con­nec­tiv­ity with the rest of the city though still leaves much to be de­sired, but in­ter­nal roads, par­tic­u­larly, the roads along­side the Ghag­gar has wit­nessed im­prove­ments in re­cent times.

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