News & Views on Indian Real Estate

Thursday, September 18, 2008

Tier II Cities Like Chandigarh -The Next Preferred Destination For Realtors

Realtors have now shifted their focus to tier II cities, considering the saturation in metros and major tier I cities. Chandigarh has been overwhelmed by the response it has got from the realtors, who are keen to start construction activities. The city is going through major commercial development. Currently, there are three operational malls in the city, Fun Republic, Uppal's Centra Mall and DLF City Centre. Other malls that are likely to be operational within the next few years are TDI Mall and City Emporio Mall. Also, the Paras Downtown Square mall-cum-multiplex at Zirakpur is expected to be operational this year.