Chandigarh, Sept 19: The Chandigarh tricity region has established itself as one of eleven emerging property hubs leading the country’s next phase of real estate expansion, according to a joint study released by industry body CII and property consultant Knight Frank India. Residential capital values across these selected markets appreciated by sixty three percent between 2021 and 2026, outperforming the forty two percent growth observed across major metropolitan centers. The report, titled ‘India’s Next Real Estate Markets,’ features Chandigarh alongside cities such as Bhopal, Bhubaneswar, Goa, Indore, Jaipur, Kochi, Lucknow, Nagpur, Visakhapatnam, and Coimbatore. Over a ten-year horizon ending in 2026, these locations logged a compound annual price growth of eight percent, doubling the four percent annual rate seen in traditional metros like Mumbai, Bengaluru, and Delhi-NCR.
This upward momentum is supported by local administrative records. Data from the Chandigarh Estate Office indicates that stamp duty revenue reached a record Rs 348.23 crore in FY 2025-26, reflecting a forty one percent rise compared to FY 2023-24. Over the same period, total registered property transactions decreased by thirty nine percent to 7,311, while total transaction value maintained a steady level of approximately Rs 6,881 crore, pointing toward larger individual deal sizes driving the overall valuation. High-value property deals in Sector 9-A highlighted this trend, including a residential transaction registered for Rs 126 crore alongside another property reaching Rs 108.5 crore. A commercial property in the Industrial Area was recorded at Rs 125.44 crore.
Deputy Commissioner-cum-Estate Officer Nishant Kumar Yadav affirmed that Chandigarh’s transparent land governance, planned infrastructure, and finite land availability generate a premium that regularly draws significant investment. He maintained that the estate office continues its effort toward accountable and responsive administration. The study noted that broader economic fundamentals, boosted infrastructure outlays, and better regional connectivity are helping drive growth in emerging centers. Knight Frank India CMD Shishir Baijal stated that urban centers combining job creation, population growth, and infrastructure readiness are well placed to expand their real estate footprints, adding that real estate progress is expanding beyond established metropolitan areas.
