Zirakpur, a satellite city near Mohali, is a preferred location for home seekers looking for rented properties. In recent years, IT hubs, corporate offices and industries in the region have grown. This has created a significant demand for homes, especially rented properties, among working professionals. Owing to its proximity to the Tricity – Chandigarh, Mohali and Panchkula, well-developed social infrastructure and the upcoming metro project, Zirakpur continues to see real estate developments. This is expected to create rental opportunities for property owners. In this article, we list the top localities to live on rent in Zirakpur.
Rental market trends in Zirakpur
In recent years, the residential rental market in Zirakpur has significantly grown. The emergence of new industries and corporate hubs has been instrumental in driving the property market in the region. The demand for residential properties, especially rented properties, has increased due to the influx of working professionals.
Key drivers of the residential rental market in Zirakpur
Employment hubs
One of the primary factors driving the residential rental market in Zirakpur is the growth of employment hubs, including textile industries and software companies. The influx of job seekers has resulted in an increased demand for rented properties.
Commercial growth
The commercial and retail segment has also witnessed a significant boost in recent years. New commercial projects, the emergence of logistics hubs and the growth of popular retail brands have created new investment avenues. The bustling commercial areas also see an increased housing demand.
Infrastructure development
The Chandigarh Tricity metro project in an upcoming infrastructure project, which is expected to boost connectivity in the region. This has led to more investments around the metro corridor.
Affordability
The property prices and rental rates in Zirakpur are comparatively lower than in Chandigarh and Mohali. This has attracted a lot of homebuyers and renters.
Excellent road connectivity
Located at the junction of Ambala Chandigarh Expressway, Himalayan Expressway (NH-5), NH-7 and Zirakpur-Panchkula-Kalka Highway, Zirakpur provides robust road connectivity. Besides, the Chandigarh International Airport is a short distance from the locality. Hence, many home seekers find it convenient and consider renting homes in the area.
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Top localities to rent a property in Zirakpur
| Affordable localities | Average monthly rentals | Price range | Rent (YOY increase) |
| Lohgarh | Rs 26,800 | Rs 6,000 to Rs 70,000 | +43.09% |
| Nabha | Rs 22,600 | Rs 4,000 to Rs 55,000 | +6% |
| Gazipur | Rs 24,700 | Rs 12,000 to Rs 50,000 | +3.95% |
| Badal Colony | Rs 15,000 | Rs 4,000 to Rs 30,000 | +1.85% |
| Singhpura | Rs 37,000 | Rs 31,000 to Rs 45,000 | – |
| Airport Road | Rs 28,000 | Rs 18,000 to Rs 50,000 | -2.75% |
| Dhakoli | Rs 20,000 | Rs 8,500 to Rs 35,000 | +12.72% |
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#1. Lohgarh
Lohgarh, a bustling locality in Zirakpur, is a popular choice for renters owing to nearby commercial hubs, including Global Business Park and Unicity Business Park. There is robust road connectivity to neighbouring regions via National Highways NH95 and NH5. Moreover, the Chandigarh International Airport and Chandimandir Railway Station are around 13 km from the area, which makes it ideal for frequent travellers. Social infrastructure such as schools, hospitals, banks, markets, etc.
Rental options: Independent builder floors and modern 2 and 3BHK apartments in gated housing projects are available for rent.
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#2. Nabha
Nabha is a locality in Zirakpur situated close to well-developed areas such as Gazipur, Sector 12, Sector 4 and Chandigarh Airport Area. Commercial developments in the area provide ample opportunities for investors and there is a significant demand for rental homes. The neighbourhood has strong road connectivity and well-developed social infrastructure, including schools, healthcare centres, shopping malls, etc.
Rental options: The area witnesses the development of new housing projects. Renters can find ample options for 1, 2, and 3BHK homes in the locality.
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#3. Gazipur
Situated at the intersection of the Ambala-Chandigarh Expressway (National Highway 22), Zirakpur-Panchkula-Kalka Highway and National Highway 64, Gazipur is a fast-developing neighbourhood in Zirakpur. The presence of Industrial Area Phase 1 & 2 and Rajiv Gandhi Chandigarh Technology Park in the vicinity attracts a lot of renters. Besides, the Chandigarh Airport is easily accessible from the locality.
Rental options: Modern housing societies offer 1, 2, 3, 4 and 5BHK apartments for rent.
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#4. Badal Colony
Badal Colony is a prominent locality in Zirakpur located close to areas such as Gazipur, Chandigarh Airport Area, Sector 12, Sector 4 and Sector 17. There are schools, clinics, healthcare centres, shopping hubs, etc., providing a convenient lifestyle for the residents.
Rental options: There are several gated housing projects offering 1, 2, 3 and 4BHK apartments for renting.
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#5. Singhpura
Singhpura is a popular locality in Zirakpur, which is located near Gazipur. The area is easily accessible from Chandigarh Airport Area, Sector 12, Sector 4 and Sector 17. Schools, hospitals, eateries, shopping malls and public transport facilities are available.
Rental options: Renters have ample options, such as independent houses, builder flats and modern apartments in gated housing projects.
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#6. Airport Road
Airport Road is a prominent locality in Zirakpur with excellent connectivity to arterial routes such as the Ambala Chandigarh Expressway and NH7. Popular restaurants, schools, clinics, eateries and shopping malls are available, catering to the lifestyle needs of the residents. Moreover, the area enjoys good road connectivity to major landmarks of the city and has good public transport facilities.
Rental options: There are several new and upcoming residential projects. Renters can find plenty of housing options, such as 1, 2, 3 and 4BHK apartments.
#7. Dhakoli
Dhakoli is a locality in Zirakpur, situated close to localities such as Gazipur, Chandigarh Airport Area, Sector 12, Sector 4 and Sector 17. The area has well-developed infrastructure, such as schools, medical facilities, shopping complexes, banks, ATMs, etc. Public transport facilities, including autos and cabs, are available.
Rental options: There are new residential projects offering 1, 2, 3, 4 and 5BHK apartments for renting.
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Housing.com News Viewpoint
One of the key advantages of renting a home in Zirakpur is the affordability factor. A 2BHK apartment in Zirakpur will be available for a monthly rent of Rs 12,000, while the same type of apartment in a bustling locality in Chandigarh will be available for a monthly rent of Rs 25,000. Home seekers must know that as the localities continue to develop and infrastructure developments take place, property prices and rental rates may increase.
FAQs
Is Zirakpur a good location for property investment?
Zirakpur is a planned satellite city near Mohali, with emerging employment hubs and upcoming infrastructure projects. This makes the city favourable for property investments and earning high returns.
What are the best localities to rent a property in Zirakpur?
Lohgarh, Nabha, Gazipur, Badal Colony, Singhpura, Airport Road and Dhakoli are some of the top localities to stay on rent in Zirakpur.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
