Good hous­ing op­tion

Look­ing for a rel­a­tively cheaper house and good qual­ity of life then head to ‘outer’ sec­tors of Panchkula

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

Com­monly known as ‘outer sec­tors’, sec­tors 2, 4, 12 and 12A are lo­cated on the na­tional high­way 22 pass­ing through Panchkula and con­nect­ing to Shimla in Hi­machal Pradesh. Sec­tor 2 and 12 are also knowns as ‘de­fense’ sec­tors be­cause a large num­ber of plots were re­served for the de­fense ser­vices per­son­nel by HUDA (Haryana Ur­ban De­vel­op­ment Au­thor­ity). Th­ese sec­tors en­joy lo­ca­tional ad­van- tage. Th­ese are well con­nected not only to Chandi­garh but also to na­tional high­ways 22 and 73.

Prop­erty prices in the last three years have con­sis­tently fallen. Lo­cal real es­tate ex­perts say, prices have fallen by around 20% to 30 % de­pend­ing on the lo­ca­tion of the prop­erty. Low de­mand is blamed for the fall­ing prices. Nei­ther the end-user nor the in­vestor is ac­tive in the mar­ket. For peo­ple look­ing to exit the mar­ket, say lo­cal re­alty ex­perts, it is very dif­fi­cult.

Plots in the sec­ondary mar­ket

In th­ese sec­tors, va­cant plots are rarely avail­able as most of the plots have been used for con­struc­tion. Gen­er­ally, buy­ers can pur­chase old con­struc­tion houses at the price of a va­cant plot. Newer con­structed houses are priced higher than the older con­structed houses. The ini­tial al­lot­ment was made by the HUDA, and now, most plots are only avail­able in re­sale.

At what price

“Plot prices gen­er­ally range from R65,000 to R85,000 per sq yard. At one time prices have crossed R1 lakh per sq yard. Prices vary de­pend­ing on the lo­ca­tion of plot whether nearer to a mar­ket, or a sec­tor road or a park. The im­pact of the de­mon­e­ti­za­tion of the higher value cur­rency notes is still to be full re­al­ized as trad­ing vol­umes plum­meted after its dec­la­ra­tion. Both buy­ers and sellers, cur­rently, are re­luc­tant to make a de­ci­sion. Mar­ket con­di­tions are ex­pected to get clearer after the union bud­get,” says Anurag Gupta, 37, a lo­cal real es­tate res­i­dent. Prices are ex­pected to reg­is­ter sharper de­cline in the com­ing months as the prom­i­nent ‘cash’ el­e­ment in the re­alty deals dis­ap­peared after the de­mon­e­ti­za­tion. The col­lec­tor rates are lower than the mar­ket prices; the im­pact of the de­mon­e­ti­za­tion is ex­pected to bring mar­ket prices clo­sure to the pre­vail­ing col­lec­tor rates.

For ten­ants

Rental growth is sta­ble. In th­ese sec­tors gen­er­ally cater to the fam­i­lies as ten­ant. Peo­ple of­fer rental spa­ces on the first or sec­ond floors, and live them­selves on the ground floor. Rentals for a 2-BHK (bed­room hall kitchen) varies be­tween R10,000 to R14,000 per month. For a 3-BHK the rental gen­er­ally varies be­tween R12,000 to R18,000 per month. It is a good time to buy prop­erty here. Sellers are un­der pres­sure to sell be­cause of low de­mand, and fall­ing prices. Prices in th­ese sec­tors like rest of the city have fallen by around 25% to 30% in the last three years, says a lo­cal re­alty bro­ker.

The at­trac­tion

Th­ese sec­tors are gen­er­ally well-main­tained and most of the civic ameni­ties avail­able. Mar­kets are well de­vel­oped and so health fa­cil­i­ties. In re­cent years, road car­pet­ing has be­come a ma­jor is­sue with in­fre­quent car­pet­ing of roads.

Scope for im­prove­ments

There are also some prob­lems, which the res­i­dents have to con­tend with. “Ev­ery time rain­wa­ter drainages along roads are cleared the waste is dumped on the road­side. Sim­i­larly, rehri-wal­las parked on roads dump their waste on the road it­self. Dis­posal of garbage in sev­eral ar­eas is an is­sue that needs both res­i­dents and gov­ern­ment agen­cies’ co­op­er­a­tion,” says, Man­deep Ku­mar, 26, a lo­cal res­i­dent.

Res­i­dents also com­plain about the traf­fic con­ges­tion around the mar­ket, and which causes fre­quent in­ci­dence of ac­ci­dents. “Rehri wal­las en­croach­ing on roads, and peo­ple park­ing cars on the road­side to buy stuff from th­ese rehris fre­quently cause traf­fic jams and ac­ci­dents. Gov­ern­ment au­thor­i­ties should strictly curb this men­ace,” says Ku­mar.

“A big prob­lem for the res­i­dents of sec­tors 2 and 4 is the poor civic con­di­tions be­hind the of­fices en­clave in th­ese two sec­tors. The prob­lem is par­tic­u­larly acute in Sec­tor 4. A mini slum has de­vel­oped be­hind th­ese of­fices. Peo­ple liv­ing here does not have ac­cess to toi­lets or drink­ing wa­ter. Gov­ern­ment should ei­ther re­ha­bil­i­tate peo­ple liv­ing here to some other lo­ca­tion or should pro­vide san­i­ta­tion and drink­ing wa­ter fa­cil­i­ties to them. In the morn­ing peo­ple free th­ese hut­ments defe­cate in the open, some­times near the houses in the sec­tor,” says Pramod Nanda, 48, a lo­cal res­i­dent.

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