Property & Land Rate in Shimla Vs Major North Indian Cities
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The scenic beauty of Shimla has global reputation. The snow-capped woods, mystic valleys, gushing rivers have enabled story tellers bring life to many movies. This contributed to the popularity of Shimla as a place of tourist interest. As the concept of second homes gained momentum in north India, Shimla soon became a favoured choice among people looking to spend long vacations and summers. Shimla is fairly close to Chandigarh situated at a distance of 114 km. It is possible to reach Shimla by bus and taxis from Chandigarh and the road trip is visually captivating. There are regular flights from Delhi to Shimla airport in Jubbarhatti. Thus, due to its easy accessibility, the real estate in Shimla is growing rapidly in the last 5 years.
Having said that let us look into property price trends in this city. Undoubtedly, Shimla hold the major share of real estate in Himachal Pradesh. The following data has been compiled from trusted sources on the internet as of Q2 2021. Let’s begin with residential land price.
Land price in Shimla Vs Major Cities
The average price for residential plots in top localities in Chandigarh, Jalandhar, Amritsar and Delhi NCR are as shown below. The respective areas considered are
- Chandigarh – Mullanpur
- Jalandhar – Seth hukam Chand Nagar
- Amritsar – RamTirath Road
- Delhi – Sector 89 Gurgaon
The prices are compared with average land price in Baldeyan, Shimla
The unit is in Rs. / sq. ft
Builder floor price in Shimla Vs Major Cities
The average price for builder floor in top localities in Chandigarh, Jalandhar, Amritsar and Delhi NCR are as shown below. The respective areas considered are
- Chandigarh – Mullanpur
- Jalandhar – Guru Gobind Singh Avenue
- Amritsar – Ram Nagar
- Delhi – Sector 23Rohini
The prices are compared with average builder floor price in Annandale, Shimla
The unit is in Rs. / sq. ft
Apartment price in Shimla Vs major cities
The average price for apartment in top localities in Chandigarh, Jalandhar, Amritsar and Delhi NCR are as shown below. The respective areas considered are
- Chandigarh – Mullanpur
- Jalandhar – Pholriwal
- Amritsar – Valla bypass
- Delhi – Sector 109 Gurgaon
The prices are compared with average apartment price in Mehli, Shimla
The unit is in Rs. / sq. ft
Independent houses / villa prices in Shimla Vs Major Cities
The average price for independent house in top localities in Chandigarh, Jalandhar, Amritsar and Delhi NCR are as shown below. The respective areas considered are
- Chandigarh – Mullanpur
- Jalandhar – Urban estate phase II
- Amritsar – Khazana gate
- Delhi – Sector 27 Greater Noida
The prices are compared with average price of house and villa in Chakkar, Shimla
The unit is in Rs. / sq. ft
What do we infer?
- Shimla properties are the fairly affordable real estate destination in Himachal Pradesh as compared to major cities in plains
When compared with Delhi NCR as a benchmark, the property rate in Shimla is as given below
- One can buy land / plot in Shimla at only 18% of the price in Delhi
- Apartment for sale in Shimla at 50% lesser than Delhi
As compared to its nearest city,
- One can buy house for sale in Shimla at 39% of the price in Chandigarh
Apart from the price point, what makes Shimla click as a destination?
- According to a research conducted by the Indian government, in 2020, Shimla emerged as the winner for quality-of-life index among 62 cities
- The ongoing efforts by the central government to develop Shimla as a smart city. So far 55 projects have been issued and 21 projects have been completed
- The unique winter climate with temperature between -1 to 10 °C
Are you interested in Shimla Real Estate?
If you are a buyer looking for your dream property in Shimla, Hills & Wills is the most appropriate online property portal since it exclusively lists Indian hill station properties alone, displays property Ad more precisely than elsewhere and highly informative about each hill station.
If you are an owner want to sell your Shimla property quickly, Post Property Ad for free on www.hillsandwills.com which is the first of its kind hill real estate website with unique features to specify hill station properties and targeted reach to hill property buyers. You can reach clients across boundaries instantly, directly get connected with them without any brokerage and sell property online easily. The quality of buyer lead is truly redefined in Hills & Wills through its subscription plans and unnecessary disturbance by window shoppers are minimized or eliminated.
If you want to post a rental Ad online, it is absolutely free in Hills & Wills for the owners and also to the tenants who wish to hire it. Property dealer, builder or promoter in Shimla, can post multiple real estate Advertisements for free whether it is for sale or rent.
People use to visit www.hillsandwills.com not only for property buying or selling or rental in Shimla, but for knowing the Shimla property rate trend before they make buying or selling decision through any other source.
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