Panchkula Real Estate: Tricity Prices Rival NCR As Luxury Housing Soars

News18

03-05-2025

DLF, India's largest real estate developer, reports a 26.7 per cent price appreciation in its Panchkula project, The Valley Gardens.
Panchkula, part of the Tricity region alongside Chandigarh and Mohali, has seen its real estate market evolve significantly, with property prices now rivaling those in the National Capital Region (NCR). DLF Limited, India's largest real estate developer, has reported a 26.7 per cent price appreciation in its Panchkula project, The Valley Gardens. Launched at Rs 8,329 per sqft, prices have now reached Rs 10,556 per sqft, underscoring the rising demand for luxury housing in Tier-II cities.
DLF's The Valley Gardens, spanning 34 acres, with independent luxury floors on 500 square yard plots, with a built-up area of 3,500 sqft. The project generated revenues surpassing Rs 1,150 crore. A recent Rs 4 crore transaction for a single unit has further set a benchmark for high-value sales in the region, reflecting growing affluence among buyers in smaller cities. Special demand is coming from buyers from the NCR region over and above the local market, due to proximity to the NCR.
DLF's last launch, The Valley Orchard, launched in December 2023, added 512 low-rise units to Panchkula's housing stock and has already recorded a 5.5 per cent price increase within months. This aligns with a broader trend of buyers moving to Tier-II cities for better air quality, improved infrastructure, and lifestyle amenities.
Trident Realty said it is also expanding fast in Panchkula. It has established a strong presence in North India with a portfolio of landmark projects such as Trident Hills Township, and Windsong Residences, Panchkula; Trident Hills Township, spread over 200 acres at the foothills of the Shivaliks, offers a blend of luxury living, modern amenities, and lush green landscapes, making it a premier choice for discerning homebuyers in Panchkula.
Parvinder Singh, CEO of Trident Realty, said Panchkula's luxury housing market isn't just growing — it's rewriting the rules. Imagine sprawling homes where modern design meets Shivalik vistas, where every corner whisper exclusivity. Buyers aren't just investing in bricks and mortar; they're claiming a lifestyle where serenity meets sophistication. With unbeatable connectivity, world-class amenities, and a surge of aspirational buyers, Panchkula isn't just keeping pace with the NCR — it's setting the benchmark. This isn't a trend; it's a revolution. The message is clear: luxury here isn't about living — it's about thriving.
Panchkula's proximity to Chandigarh, Shimla, and key industrial hubs enhances its appeal, but the rapid price escalation raises concerns about long-term affordability and market sustainability. While the Tricity region emerges as a key player in India's luxury housing market, its growth trajectory will depend on balancing demand with infrastructure readiness and inclusivity.
India's real estate market, which currently contributes 7 per cent to the nation's GDP in 2024, is estimated to rise further to reach 13 per cent by 2025 and 18 per cent by 2047. This growth trajectory aligns with India's ambitious goal of a $26 trillion economy by its 100th year of independence. The real estate market is projected to grow from a value of $300 billion in 2024 to $1 trillion by 2030, with a long-term outlook pointing to a remarkable $4.8 trillion by 2047, according to a CREDAI-EY report.
First Published:
May 03, 2025, 14:41 IST