Is The Tiara New Chandigarh Worth Buying in 2026?

If you’ve been searching for a large flat in the Chandigarh region, The Tiara has probably come up in your research. It gets talked about a fair bit - and for good reason - but the project is also misunderstood by buyers who compare it to standard 3 BHK apartments in Mohali or Zirakpur.

The Tiara is not that kind of project. It is an ultra-luxury, high-rise residential development in the Medicity area of New Chandigarh - a planned township in Mullanpur, SAS Nagar (Mohali district), Punjab. Homes start at roughly 4,100 sq ft for a 4 BHK and go up to around 8,000 sq ft for the 5 BHK. These are genuinely large homes - the kind where a joint family of 7–8 people has room to breathe, where grandparents have their own wing, and where a home office fits without converting the dining room.

The developer is Sham Exotic Group - a joint venture between Exotic Group (a real estate developer with over 45 years of project delivery in Chandigarh, Mohali, and Panchkula) and Sham Jewellers (a 30-year-old jewellery institution in North India). That combination of construction depth and brand trust gives the project a credibility base that many new launches in the region lack.

Six towers, each rising to G+28 floors, spread across 5.66 acres. Total inventory is 308 homes - a deliberately low number for a project of this land area. Possession is expected in April 2029, and the project is legally registered under Punjab RERA. RERA number: PBRERA-SAS80-PR1063. You can verify this yourself on the Punjab RERA portal: pbrera.punjab.gov.in- enter the RERA ID and read the developer’s filings directly.

1. Why the Location Matters More Than People Realise

Most buyers who hear “New Chandigarh” think of it as simply a suburb of Chandigarh - a bit farther out, a bit cheaper, and that’s it. That misses what makes this address genuinely different.

New Chandigarh was not built informally around a highway. The entire township was master-planned by GMADA (Greater Mohali Area Development Authority) using urban planning expertise from Jurong Consultants of Singapore. That means wide 200-foot arterial roads, underground utilities, defined green belts, and strict zoning rules that prevent the chaotic infill seen in parts of Mohali, Kharar, or Zirakpur. You can read more about GMADA’s development plans on the official GMADA website: gmada.gov.in  

The Tiara sits within Medicity - New Chandigarh’s designated healthcare hub. The Homi Bhabha Cancer Hospital and Research Centre is already operational here - a 300-bed, Tata Memorial Centre-backed hospital inaugurated in 2022. Over Rs 2,800 crore in total hospital and medical infrastructure investment is committed to this zone. For more on the hospital, visit the official hospital website: hbchs.tmc.gov.in  

Add to that the 1,700-acre Education City nearby, with universities and colleges already running, and the shape of a location with built-in demand from two large professional communities - healthcare workers and academics - becomes clear. These are stable, high-income renters and buyers, not speculative demand.

The Shivalik Hills form the northern backdrop of the entire New Chandigarh township. On upper floors of The Tiara’s towers, that view is unobstructed - and GMADA’s eco-zone designation means it legally stays that way.

The other piece of this location story is nature. New Chandigarh sits in the foothills of the Shivalik range. The Shivalik Reserve Forest is approximately 3–6 km to the north. Unlike green belts in Mohali’s older phases - which are essentially parks between roads - this is legally protected forest that cannot be developed. Air quality in New Chandigarh is measurably better than in the flat urban sectors of Mohali, and the visual environment is fundamentally different: you are looking at a green forested hillscape, not another apartment block.

For connectivity: the project is approximately 12–15 km from Chandigarh’s Sector 17 (~20–25 min), 25–30 km from Chandigarh International Airport (~35–40 min), and around 10–12 km from Kharar Railway Station. PGI Chandigarh is roughly 15 km away.

Read more about how New Chandigarh’s road infrastructure is developing: New Mohali Airport Road 2026 - Tricity Real Estate Impact  

2. Quick Facts: Sizes, Price & Possession

Before we get into opinions, here are the key numbers. Buyers deserve to see data before they see a pitch.

Price

Based on publicly available market data, pricing ranges from roughly Rs 4.49 Cr to Rs 10.4 Cr depending on the configuration and floor. These are indicative - the official price list should be obtained directly from the developer, as pricing carries floor premiums and can be revised.

Possession

April 2029 is the RERA-registered date - not a brochure estimate. Under the Punjab Real Estate Regulatory Authority (PBRERA), the developer is legally obligated to meet this date. Track the developer’s quarterly progress reports by entering RERA ID PBRERA-SAS80-PR1063 on the Punjab RERA portal  

Payment Plans

The project offers a Construction Linked Plan (CLP), where payments are tied to specific construction stages - so you pay when the developer actually builds, not in advance. A Down Payment Plan (DPP) is also available, offering a per sq ft pricing benefit for a larger upfront payment. For most buyers in this segment, CLP is the safer and more transparent option.

3. An Honest Look at What’s Good - and What to Ask

We try not to be a brochure. Here is what genuinely stands out - and where buyers should ask more questions before signing.

What genuinely stands out

• The density is unusually low. 308 homes across 5.66 acres means the clubhouse, pool, lifts, and parking are not shared among 800 families. You actually get to use your gym and pool without booking days in advance.

• The clubhouse is 60,000 sq ft. Larger than most standalone commercial fitness clubs in Chandigarh. It covers a gym, spa, swimming pool, kids’ pool, mini theatre, multiple dining options, indoor sports courts, a bar and cigar lounge, and a golf simulator.

• The home sizes are real. Both the 4 BHK (~4,100 sq ft) and 5 BHK (~8,000 sq ft) include a dedicated office room, a store room, and a pooja room. These are functional rooms sized for actual use, not shoe-boxes to inflate the room count.

• Security design is layered. CCTV across all common areas, boom barriers at entry and exit, RFID or facial-recognition access for residents, perimeter fencing with sensors, on-ground guards at multiple points, and in-lift panic systems. In a high-rise with hundreds of daily movements, this layering matters.

• The RERA registration is genuine and verifiable. Go to pbrera.punjab.gov.inyourself, enter PBRERA-SAS80-PR1063, and read the developer’s filings. Don’t take our word for it.

• Vastu alignment is factored into the design. Tower orientations and unit layouts are planned with Vastu principles in mind - relevant for the large majority of end-user buyers in this market. For a complete Vastu reference, read: Vastu for Flat: Room-by-Room Guide  

What you should ask the developer directly

Several points are not publicly confirmed. Verify all of these before signing the allotment letter:

4. New Chandigarh vs Mohali: Which Makes More Sense?

This is the question we hear most often from buyers considering The Tiara who are also looking at premium projects in Mohali’s Phase 7, Phase 10, or Phase 11. Here is a direct comparison.

The honest answer: If you work in Mohali’s IT zone and office commute is the primary filter, Mohali premium sectors make more practical sense. But if you are prioritising quality of daily environment - air, space, views, planning discipline - and you are in the large-format budget range, New Chandigarh consistently wins that comparison. It is also the better bet for long-term capital appreciation, because Mohali’s best appreciation periods have already passed for most sectors.

For a deeper look at how GMADA is shaping real estate values across the region:

GMADA Land Acquisition in Mohali 2026 - Investor Guide  

5. Who Is This Project Actually For?

The Tiara is not a project for everyone. Starting at Rs 4.49 Cr and 4,100 sq ft, it is aimed at a specific kind of buyer - and being honest about that saves everyone’s time.

✓ Good fit

• The ‘final upgrade’ family. A nuclear or joint family that has outgrown a 2,000–2,500 sq ft apartment and is making one final move into a home they plan to live in for 10–15 years. Space, safety, and environment matter more than price.

• Medical professionals in Medicity. Specialist doctors, hospital administrators, and senior healthcare workers based at the Medicity corridor. Living 5–8 minutes from their workplace in a home of this quality is a straightforward decision.

• NRIs buying to return. Non-resident Indians planning a return in 5–7 years, or buying as a long-term asset in a RERA-safe, developer-credible project at a Chandigarh-adjacent premium address. FEMA-compliant, no NRI-specific barriers.

• Long-term investors. HNIs who understand that green-corridor, institutionally-anchored, low-density addresses appreciate differently from flat urban apartments - and who are comfortable with a 5–7 year horizon.

✗ Probably not for

• First-time buyers on a tight budget

• Buyers seeking a short-term rental yield play (gross yields in this segment run around 2–3%)

• Anyone whose primary residence requirement is walking distance to Elante Mall or the Mohali IT city

For investment-focused buyers, here is a useful read on rental yield hotspots across the region:

Top Rental Yield Hotspots Near Chandigarh in 2026  

6. Our Honest Verdict

The Tiara is one of the most credibly positioned large-format projects in the Tricity region right now. The developer has a verifiable 45-year local history - not borrowed credibility from projects in Delhi or Mumbai. The RERA filing is real and publicly checkable. The location in New Chandigarh’s Medicity zone is backed by active government infrastructure investment that drives genuine residential demand.

What makes this project worth serious attention is the combination of things you cannot replicate in a flat-land urban sector: a Shivalik-facing view that is legally protected from obstruction, a density ratio that makes 60,000 sq ft of amenities feel personal rather than crowded, and an address that is still mid-curve on its appreciation trajectory rather than pricing in growth that already happened.

The main caveat: several specifications - finishes, confirmed commercial brands, exact carpet area ratios - need to be verified directly with the developer before booking. This is standard for an under-construction project, not a red flag. Go through the checklist in Section 4 before signing anything.

If your budget, family size, and life priorities align with what this project offers, the fundamentals are genuinely sound.