Panchkula (in Haryana) and Mohali (in Punjab) are two satellite cities of Chandigarh.
The Central Government has included peripheral towns of Panchkula and SAS Nagar (Mohali) and Naya Raipur in Chhatisgarh under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) urban agglomeration as these are considered to be expansion of the planned city of Chandigarh.
The Government of Punjab and Haryana have provided number of benefits and concessions to the companies that have set up their units in the tri-city
Haryana government has launched its first information technology park in Panchkula on 97 acres with an employment generating potential for 40,000 people. Other developments are upgrading of Chandigarh Airport into an international airport, setting up of a Biotechnology Park in the Dera Bassi and promotion of Chandigarh as a weekend get away from Delhi.
The presence of IT bigwigs such as Dell, Satyam and Quark in Mohali and Swaraj Mazda, Infosys, Reliance has brightened the prospects of real estate business.
Many residential projects have been announced and the demand for residential units is anticipated from IT Sector created employment in this region.
Mega Mart, a leading hypermarket, Continental Devices India Ltd (CONTEL)’s "Bella Vista" Shopping Mall & Hotel Project are prominent commercial malls in Panchkula.
The township has been sub-divided into residential sectors, industrial sectors, parks and areas for regional recreation, major institutions, markets, and government and semi-government offices.
Sectors 1 through to 19 are between Zirakpur Kalka. Sectors 20 through to 30 are across the Zirakpur-Kalka road. The new sectors are beyond Ramgarh. The new development of Panchkula is towards west of Chandigarh.
The Eastern sectors are on the edge of Ramgarh. Areas between Ambala-Kalka highway is being developed as recreation zone. The area has a golf course, and a sports complex.
Panchkula is in on real estate map of the country as one of the destinations for real estate investment. The property in panchkula is measured in Marla and Kanals. (One kanal = 500 square yards. One Marla = 25 square yards.)