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?

For users looking for their dream property in Shimla, Hills & Wills provides a specialised online platform to explore property advertisements from Indian hill stations. Its search and hill-specific listing features enable users to search, view and compare advertised property information presented with relevant particulars such as views, climate, altitude, terrain, access and water source. Interested users can access the respective property owner’s or other advertiser’s contact details under the applicable contact-access terms and connect with them directly. Users should independently verify their eligibility to purchase the property, its title, advertised particulars, applicable restrictions and approvals before proceeding.

Owners seeking to sell their Shimla property online can post a property advertisement under the available free or paid listing plans on www.hillsandwills.com. Its hill-specific advertising fields enable property owners to describe distinctive property characteristics and present their advertisements to users exploring hill-station properties across different locations. When an advertisement is posted directly by a property owner, interested users may also have an opportunity to connect without brokerage.

Shimla property owners can also post rental advertisements under the available rental listing plans, while interested tenants can view the advertised information and connect directly with the respective advertiser. Eligible real-estate agents, agencies, builders and promoters may post multiple authorised property advertisements under the applicable plans, subject to the platform’s terms and legal requirements. Project advertisements must include the applicable RERA registration particulars or a valid basis for RERA exemption.

People may visit www.hillsandwills.com not only to explore property advertisements for sale or rent in Shimla but also to understand general Shimla property-rate trends and distinctive hill-property characteristics before making their own buying, selling or rental decisions through their preferred sources.