🏗️ Chandigarh’s First Planned Bulk Market in Sector 56
- Spanning 55.14 acres, the Bulk Market will feature 200 one-kanal plots and 52 booths for furniture, marble, and construction businesses.
- Infrastructure—roads, parking, utilities, green areas, and a power substation—is expected to be completed by October, with allotment contingent on obtaining Environment Clearance (EC) from the central government
💥 Iconic Furniture Market Demolished (Sectors 53–54)
- Early Sunday, 116 shops were razed across 10–12 acres valued at ₹400 crore, reclaiming prime land for planned urban use.
- About 5,000 livelihoods were disrupted: shopkeepers allege they rented legally and received no relocation support, while authorities deem the market an illegal encroachment
🚌 Tricity Public Transport Crisis Looms
- In November, 100 diesel CTU buses (80% of Tricity fleet) will retire after 15 years in service.
- Replacement with 100 electric buses is delayed due to tendering/legal issues. The administration may delay retirement or redirect long-route buses, but this risks reduced service elsewhere
🔍 What It Means for the Real Estate Market
- Bulk Market: Boosts commercial infrastructure, legitimizing local business hubs—likely spurring property interest and investment in surrounding sectors.
- Furniture Market Reclamation: Could free up land for development—residential, commercial, or mixed-use projects.
- Transport disruption: Declines in public transit options might temporarily affect commuter convenience and thereby influence residential demand in areas like Mohali and Panchkula.
