The real estate landscape of the Tricity — Chandigarh, Mohali, and Panchkula — is undergoing a dramatic transformation. Once dominated by plots and mid-range housing, the region is now witnessing a surge in demand for premium residences.
Driven by rising aspirations, affluent professionals, NRIs, and business leaders, the focus has shifted from simply owning a home to embracing a lifestyle defined by smart technology, wellness amenities, curated communities, and international design standards. This shift is reshaping the Tricity into North India’s emerging hub for luxury living.
Industry experts say that NRIs, business leaders, and professionals are at the forefront of this shift. For them, luxury is no longer simply defined by a large home, but by a lifestyle. Smart homes, wellness zones, designer interiors, and curated community living have become the new benchmarks for luxury.
Developers are also responding to this shift by launching premium projects. Gated communities, high-rise buildings, and lifestyle-focused townships are some of the projects that rival the luxury housing in metropolitan centres like Gurgaon and Noida. This transformation has not only made the Tricity a hub for a rapidly growing market but also set new standards for luxury housing in North India.
Umang Jindal, CEO of Homeland Group, says, “Luxury homes aren’t just about spacious homes; they offer a unique experience. People in the Tricity want homes that are modern and in line with international standards, equipped with technology, elegant design, and wellness amenities. With good roads, easy connectivity, and developed infrastructure, the region is poised to become North India’s next luxury hub.”
The development of the IT hub, PR-7 Airport Road, and social amenities has further strengthened the market. The coming 12-18 months will see the launch of several new luxury projects, making the Tricity not only a hub for premium housing in North India but also setting new standards.