Zirakpur is a town in Mohali district in the Indian state of Punjab. It is on the Chandigarh- Delhi highway and enjoys great proximity to the Chandigarh airport. The dual advantages lend it the opportunity to be developed as a self-sufficient township.

The recent trends in lifestyle, economic status, demand for amenities like security and power back-up has prompted real estate developers in Zirakpur to push the idea of building high- end luxury apartments and penthouses in peripheral areas of the cities. Buying flats in the surrounding locations has become easier as they are sold at prices lower than those quoted for luxury apartments.

Success of the real-estate boom in the tri-city of Chandigarh, Panchkula and Mohali has also started spilling over to towns on the periphery. A good example is Zirakpur which is expected to offer a respite from the higher prices prevailing in the tri-city, though the prices cannot go much beyond as they are very high already in the opinion of investors. Recent times have hardly seen any volatility in prices. There are takers mainly in the middle-income group.

Zirakpur like Panchkula, Dera Bassi and Mohali, has become noticeable for developing and selling high-end luxury apartments. The price on offer is expected to be anywhere between Rs 50 lakhs and Rs 1.50 crore.

Major real estate players the Silver City Group of Companies, Ansals, Gulmohar, DLF, Parsvnath Developers, Omaxe Construction Ltd, Unitech, TDI and MGF-Emmar see demand for both commercial and housing demand and are launching viable mega real estate projects in Punjab.

The cluster that includes Zirakpur, Chandigarh, Panchkula, and Mohali is seeing a rise in apartment culture. A real estate company is working on a sprawling mega housing-cum-commercial complex spread over 186 acres on the Chandigarh-Zirakpur-Patiala highway near Chattbir Zoo. JMD Promoters Ltd. which till now had targeted Ludhiana plans to extend its services to Zirakpur to bring the mall culture to the area. It is promoting the concept of housing societies.

Construction of penthouses in Zirakpur is on by Silver City, a leading construction company. Bartana in Zirakpur is being developed as the site for luxury apartments like the IT Park in Mohali. Jogging tracks, gymnasium, power backup, security, and maintenance staff enjoy a premium position with a lot of residents.

The Zirakpur Master Plan which has been prepared by the Town & Country Planning Department has evinced a response in terms of inquiries from all quarters. Its approval by the Punjab Government in a bid to contain the staggering and unregulated growth has served the purpose of raising hopes and boosting morale in the residential and commercial property scene.

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