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Chandigarh in future

Chandigarh, ‘The Silicon Valley of North India’ has all the trappings of being a technology city Good living standards, cosmopolitan outlook, skilled manpower and excellent infrastructure. Industry sources predict that Chandigarh is a potential magnet for the IT industry and the future of the city has no limitations to progress.

- An international standard Golf Course with the state-of-the-art facilities at SAS Nagar (Mohali), a suburb of Chandigarh is under way to upgrade the city’s leisure, entertainment and sports infrastructure.
- The city will have a large number of multiplexes, which combines cinema with retail shopping, entertainment and commercial services. Multiplex development would further synergize real estate development in the State.
- Mohali, a part of Chandigarh is going to have super-specialty hospitals in various disciplines by well known medical outfits. This step has been taken with a view to facilitate the setting up of world class healthcare facilities to cater to health care needs of everyone.
- It is going to be one of the prominent IT, ITES and corporate destination with the arrival of innovative IT parks and SEZs. The Rajiv Gandhi Chandigarh Technology Park Phase I (RGCTP-I) which houses Infosys, DLF Info, IBM Daksh, etc. have become operational with 1000 employed professionals in 2005 and the annual Software Export of about Rs.1000 crores are likely to take place from CTP in the next 3 years.
- 30-acres of land have been allotted to Wipro Technologies Ltd as the main anchor of Rajiv Gandhi Technology Park Phase II. Wipro is expected to set up a state-of-the-art campus at RGCTP-phase II; which would provide high-level employment to an expected 25,000 engineers and professional along with generating investments in the next few years.
- 250-acres of land have also been sanctioned for the RGCTP-Phase III, as a lot of Indian and international companies have shown their interest for investing in Chandigarh, to tap the potentially educated and skilled market of the city.
- To meet the demand for business tourist, as a result of the CTP, a hotel site for a Business Hotel (150 rooms) -cum- Convention Centre (for 1200 persons) has been given to DLF.
- The government of India has proposed on setting up a biotechnology corridor in the Chandigarh which would help in making Chandigarh and Punjab a biotechnology hub.

The ongoing development in the IT sector has brought about an escalation in the real estate scenario of Chandigarh. Top realtors are making a beeline to Chandigarh and the adjoining areas and as Chandigarh boasts of affluent population, premium apartments are also making an appearance and are steadily gaining ground. The city is expected to have a large number of residential complexes such as apartments, condominiums, penthouses and villas which will make it the most sought after destination for homebuyers.

DLF Valley Panchkula

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