PRODUCT

OMAXE introduces its latest creation – retail havens situated within a dynamic theme-based market! Offering extensive options, these spaces range from 250 SqFt and are available across LGF, GF, FF, and SF levels. Investors can also benefit from a substantial 12% assured return until possession, adding significant value to their investment journey.

BRAND REPUTATION

  • Omaxe, founded in 1987
  • Offers townships, housing, malls, and hotels
  • Listed in NSE and BSE in 2007
  • Omaxe’s net worth reached 1638 crores by 2020
  • Notable projects include the 85-acre Greater Noida township and award-winning Omaxe Connaught Place
  • Operating in 29 cities across 8 states
  • With 36 years of experience, Omaxe has delivered 12.26 million square meters.

WHY NEW CHANDIGARH?

Prime Location

  • Strategically situated south of the Shivalik range, offering an ideal setting for prosperous households.
  • Seamless connectivity to Chandigarh’s major roads like Madhya Marg & Dakshin Marg, enhancing accessibility to key social and commercial sectors.
  • Proposed Metro stations for convenient commuting, further amplifying the area’s appeal.
  • Tricity Metro Project’s Phase 1 to kick off, linking Parol in New Chandigarh to Panchkula Extension in Sector 20.
  • Existing wider, congestion-free roads with planned expansions, ensuring smooth movement and accessibility.

Infrastructure

  • Wider, congestion-free roads already in place, with planned expansions to enhance accessibility.
  • Planned expansion of road networks to accommodate future growth and facilitate easy movement.

Development Hub

  • Focus on non-polluting industries such as IT and healthcare, positioning New Chandigarh as a hub of innovation and sustainability.
  • Proposed Education City covering 1700 acres, aimed at establishing a modern learning destination and fostering educational excellence.
  • Notable healthcare investments like Tata Memorial Centre’s cancer hospital and research center, highlighting the region’s potential in the healthcare sector.

Quality of Life

  • Chandigarh is globally recognized for its high quality of life, owing to its well-planned infrastructure and amenities.
  • Serving as the capital of two states, Punjab and Haryana, it is esteemed for its governance and livability.

NEW CHANDIGARH GROWTH

Economic Strength

  • Chandigarh boasts the highest per capita income among Union territories, showcasing its economic prowess.
  • Serving as the base-city for three governments, it is a major hub for public sector employment, contributing significantly to its economic activity.

Industrial Landscape

  • The city hosts around 15 medium to large industries, complemented by numerous public sector enterprises.
  • A thriving small-scale industries sector with approximately 2,500 units, including 40% ancillary units supporting tractor-manufacturing activities.

Diverse Industrial Sectors

  • Chandigarh’s industrial diversity spans light engineering, industrial fasteners, pharmaceuticals, and more, contributing to an estimated annual output of Rs 650 crore.
  • Emerging as a center for outsourced services, further diversifying its economic profile.

Rapid Growth and Demand

  • Chandigarh ranks among the fastest-growing cities in India, fueled by its strategic connectivity to the National Capital Region.
  • Influx of people driving demand for real estate, signaling strong growth potential in both Chandigarh and neighboring New Chandigarh’s real estate sectors.

TIER 2 CITIES FUTURE POTENTIAL

Emergence of Tier 2 Cities: Tier 2 cities are becoming the new growth engines in the Indian real estate sector due to factors like population growth, rapid urbanization, and improved infrastructure.

Attraction for Residents and Developers: Lower cost of living, better work-life balance, and affordability compared to metros are attracting both residents and developers to Tier 2 cities.

Market Potential: With India expected to urbanize at a rate of around 50 percent by 2050, Tier 2 cities are poised to become promising destinations for real estate investment.

Aspirational Living: There’s a notable shift towards aspirational living in Tier 2 cities, driving demand for premium and luxury properties with spaciousness, luxury, and comprehensive amenities.

Housing Trends: Integrated townships, low-rise independent floors, plotted developments, spacious and luxury properties, future-ready high-end amenities, and nature-inspired holistic living are shaping the realty landscape in Tier 2 cities.

Tricity of Punjab: Chandigarh, Mohali, and Panchkula, known as the Tricity, are rapidly developing regions with thriving real estate markets, attracting investors due to sound connectivity and classic amenities.

Investment Opportunities: Developers are capitalizing on the immense potential of Tier 2 cities by offering innovative projects and strategic investments, shaping India’s urban landscape and contributing to its development and prosperity.

Source Article – Dated: 22nd Feb ’24 – Click here : www.financialexpress.com/growth-in-tier-2-cities

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