CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Chandigarh’s administration has unveiled ambitious development plans worth Rs 2.73 billion for FY 2025, aimed at enhancing urban infrastructure and boosting public amenities. Key initiatives include the construction of over 600 government housing units in sectors like 20, 43, and 46, and the establishment of a state-of-the-art Police Training Centre in Sarangpur at an estimated cost of Rs 980 million. These projects are expected to catalyze growth not just within Chandigarh but also in its satellite cities, Zirakpur, Mohali, and Panchkula, making the Tricity region a preferred destination for businesses and residents alike.
Mr. Mukul Bansal, Managing Director, Motiaz highlighted the long-term implications of such investments, saying, “This initiative by the Chandigarh administration is a testament to their vision for urban transformation. The new housing projects and infrastructure developments will set a benchmark for regional planning. For neighboring cities like Zirakpur, these developments bring opportunities for enhanced connectivity and surplus demand. We anticipate increased interest in residential and commercial real estate, as people and businesses look for quality spaces in Chandigarh’s tricity. This is the kind of momentum the region needs to establish itself as a truly integrated urban ecosystem.”
Mr. Prateek Mittal, Executive Director, Sushma Group, stressed the strategic benefits, stating, “The announced projects are not just about building infrastructure but about creating a framework for sustained growth. Chandigarh’s focus on government housing and institutional facilities will ease pressure on existing infrastructure, allowing private real estate players to focus on creating innovative housing and commercial solutions. Mohali, with its robust IT sector and connectivity to Chandigarh, is poised to attract a younger, tech-savvy demographic, further fueling demand for well-planned developments. These investments lay the foundation for an inclusive, forward-looking Tricity region.”
#Chandigarh #RealEstate #Tricity #UrbanDevelopment #Infrastructure
