Chandigarh, September 26: Chandigarh’s real estate market has scripted history with the sale of a luxury bungalow in Sector 9-A for ₹126 crore, making it the city’s most expensive registered property transaction to date.
According to records with the Chandigarh Estate Office, the deal was formalized on August 1, 2025, through a sale deed in favor of the Maharaj Jagat Singh Medical Relief Society (MJMRS). The buyer was represented by Kanu Priya, with correspondence address listed at Dera Baba Jaimal Singh in Beas, Amritsar district.
The property, spread across 4,247 square yards, now stands as Chandigarh’s costliest registered deal, surpassing the ₹61 crore transaction recorded in 2024 and the ₹45 crore sale in 2023, both also in Sector 9. Officials noted that the sale underscores the city’s position as one of India’s most exclusive residential destinations.
“The ₹126-crore sale deed is more than double last year’s highest value and nearly triple the figure recorded just two years ago,” an official said. “Such rare, big-ticket sales not only reset benchmarks but also reaffirm the legacy appeal of addresses in Sectors 8, 9, and 10 — often described as the ‘Lutyens Zone of Chandigarh.’”
Property experts said the sheer size of the bungalow — one of the largest in the city’s residential inventory — added to its valuation. They also noted that while this registered value is historic, the actual amount paid could have been higher, given the tendency for under-reporting in real estate.
“Registered values often understate the real consideration by at least 15 to 20 percent,” observed Mukesh Anand, a Chandigarh-based property consultant.
Others believe the deal highlights both the strength and exclusivity of Chandigarh’s top-end property market. “This record-breaking sale proves that the city continues to draw India’s wealthiest families,” said real estate analyst Rajesh Vashisht. “The premium here remains unmatched even by metros because of its exclusivity and limited availability of plots.”
However, some experts flagged concerns about the wider implications. “In reality, the sums could be 15–20% higher,” said property consultant Sahil Gupta. “While these deals bring revenue to the administration, they also deepen inequality in access to housing.”
With the transaction far outstripping past records, officials and analysts alike agree that Chandigarh’s luxury zones remain in a league of their own — and every such sale rewrites the valuation map for the rest of the city.
