1. Chandigarh: The Retirement City
Chandigarh is the very first planned city of India and French Architect Le Corbusier has prepared its master plan. Chandigarh is a union territory and is also the capital city of the states Punjab and Haryana. People here are very lively who enjoy their food and booze like no other. The majority of the retired armed forces, major generals live in Chandigarh. Chandigarh’s official emblem “Open Hand” sends a message “to give and receive.”
- Monthly Rent: 30k to 50k for a 2-3 BHK flat
- Property Purchase Cost: 2.5+ Cr for a villa or a bungalow
- Air Quality: Good
- Climate: Good
- Traffic: Moderate
- Life Quality Index: 90/100 (Excellent)
Property Price in Chandigarh and Bank Home Loans: The villas in Chandigarh are in the upscale range and is similar to that of Goa. The best option here is to buy your own land and make a villa on your own. There are specific areas that are developing and can be a great bet.