New Chandigarh is no longer a satellite town around Chandigarh — it’s one of Northern India’s fastest-developing realty hubs now. One of the key reasons for this shift is the upgrading of the cricket stadium New Chandigarh. While sports enthusiasts are eagerly awaiting the opportunity to watch live matches, real estate investors are also waiting with bated breath to witness the spillover effect that it is creating on property prices and demand.
This article discovers how the new cricket stadium is influencing New Chandigarh’s real estate landscape and why it’s worth taking note of.
The New Cricket Stadium: A Game-Changer for New Chandigarh
The cricket stadium New Chandigarh is a part of the city’s long-term master plan to become a modern and sustainable urban area. Being developed by the Punjab Cricket Association, this stadium is designed to meet international standards and will serve as an alternative venue to Mohali’s PCA Stadium.
Key Features of the Stadium:
- Estimated seating capacity: 35,000 spectators
- Spread across 40+ acres in Mullanpur
- Designed with state-of-the-art facilities for players and fans
- Will host national and international cricket matches
This is not just so much development, either; it’s a major economic driver for the area.
Real Estate Growth: What the Numbers Say
New Chandigarh’s real estate market is already feeling the pinch. Here’s how the stadium is driving change:
1. Increase in Residential Property Prices
The local property price has gone up by 15–20% over the previous two years largely because of speculation and future prospects based on the stadium. Residential developments are being marketed aggressively by real estate companies on the strength of the fact that they are situated close to the stadium.
2. Rise in Demand for Real Estate
Local property agents have seen a 30% increase in property inquiry in 2023 alone. A combination of homebuyers, investors, and NRIs looking at long-term horizons in the region is fueling the demand.
3. Increase in Rental Market
With the increasing popularity of hospitality and sporting tourism, returns on rentals also attract. Locations around the stadium can expect 20–25% additional rentals on significant games or cricketing season.
Why Investors Are Watching New Chandigarh Closely
Unlike the crowded markets of Mohali and Chandigarh, New Chandigarh provides available land at a reasonable price along with huge scope for growth. The stadium added a new level of desirability by:
- Enhancing brand worth of surrounding townships
- Attracting interest of hotel chains and commercial developers
- Spurring improved road connectivity and infrastructure development
Some of the busiest developers in the region are Omaxe, Manohar Singh & Co., and GMADA-approved developments, a few of them within a few kilometers of the stadium.
Areas Seeing Fastest Growth Around the Stadium
Investment or new home, follow these micro-locations around the cricket stadium New Chandigarh:
Mullanpur (Eco City)
- Most nearby the stadium
- Villas, plots, and high-rise apartments are coming up
Sarangi and Kurali Road
- Increasing demand for commercial property
- Less costly than central areas
PGI Extension and Medicity
- Increased demand for rent as it is close to PGI and medical facilities
- Favored by physicians and medical personnel
Commercial Spaces Are Picking Up Too
It is not limited to houses. Even the stadium is getting business activity. Retail shops, food courts, restaurants, and sports goods shops are seeing increasing demand.
Brands already have their eyes out for locations where they can create hospitality hubs to welcome heavy pedestrian traffic on the day of a match. It is only expected that such commercial growth will generate further value around the real estate.
Infrastructure Developments That Support Real Estate Growth
Government and public investment is coming together to prepare New Chandigarh for what it can become.
Key projects underway:
- Widening roads and upgrading public transport
- Making connecting roads between Mohali and Chandigarh more efficiently connected
- New schools, hospitals, and recreational centers to accommodate incoming residents
All of these add to the feasibility of the land and make it more inviting to long-term investment.
What the Future Looks Like
Real estate experts predict that property prices will rise by another 15–25% over the next two years after the stadium opens. Just as the PCA Stadium spurred development in Mohali, the cricket stadium will drive similar growth in New Chandigarh.
If you’re an investor, this is a window of opportunity. If you’re a homebuyer, the stadium makes it a vibrant and promising neighborhood for the future.
Conclusion
The cricket stadium New Chandigarh is not just a sports stadium — it’s a regional growth driver. With higher property rates and booming rentals, new infrastructure, and business prospects, the stadium is injecting beneficial growth into the real estate market of New Chandigarh.
Whether you’re looking for a smart investment or a home in an upcoming area, New Chandigarh should be on your radar — and the stadium is the anchor that’s holding this growth together.
FAQ’s
What is the full name of the cricket stadium in New Chandigarh?
The full name of the stadium is Punjab Cricket Association International Cricket Stadium, Mullanpur, commonly known as the New Chandigarh Cricket Stadium.
How far is the cricket stadium from Chandigarh and Mohali?
The cricket stadium in New Chandigarh is approximately 12 km from Sector 17, Chandigarh and around 10 km from Mohali (Phase 11), making it easily accessible from both cities.
Will IPL matches be held at the New Chandigarh Cricket Stadium?
While no official IPL matches have been confirmed yet, the stadium is being built to international standards, and it is likely to host IPL and other major cricket events once operational.
Is real estate near the cricket stadium in New Chandigarh a good investment?
Yes, real estate near the stadium is seeing rising demand and price appreciation, especially in residential and commercial projects within 5 km of the stadium. It’s considered a promising area for long-term investment.
Also Read: New Chandigarh: A Hub of Modern Infrastructure, Sustainable Living and Real Estate Growth.
