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Chandigarh Times Real Estate experience. On the one hand, there are more investments pouring in the segment and on the other side property buyers and sellers are not very enthusiastic about real estate transactions.

The general economic recession has led to a stagnation in the agricultural real estate segment. Chandigarh Property segment is also witnessing a similar development. Real estate agents in Chandigarh, that real estate values have stagnated. Property prices for plots in suburban areas like Kharar and Baltana have stooped down to Rs 100 - 200 sq meters per yard. This is nearly 20% drop in prices compared to the corresponding quarter last year.

Real estate salesman in Chandigarh see this as a temporary phase and hold on to their land assets. They hope that property prices are rising in the next six months and that is when they make a profit. Real estate buyers, however, say that Chandigarh real estate prices are still nominal. You have some options, because there are not many players in the markets of today.

Recent developments in Chandigarh property segment are worth noticing. Delhi developer Parsvnath has bought 38% stake in Nano City Sabeer Bhatia Project. Nano City is a commercial and residential project in Chandigarh and will run until 2010. Market sources say that Bhatia is already scouting IT customers to his Nano City. This brings more jobs, and so many details about the users and home seekers to Chandigarh.

For now, one will have to wait and watch. Real estate market is expected to be in force for several months. This can be a breather for investors that their money in real estate in Chandigarh.

George Gonigal gives you the best and latest information on Chandigarh Property Prices, If you want Real Estate News from India, he suggests you log on to Magic Bricks.