Mohali is amongst the most prominent cities of North India and over the years, the city has witnessed remarkable urban development. This has led Mohali to emerge as a popular real-estate hub. The city has witnessed a considerable increase in the demand for commercial properties and if you are confused about whether to buy commercial plots in Mohali or not, here are some reasons that should help clear your confusion:
• Rapidly developing and affluent residents
Mohali ranks among the most rapidly flourishing and developing cities in India. The city has emerged as a major hub for IT and Telecom based companies. This has led to quite a number of companies from these sectors to setup their operations in Mohali. Also, Punjab is known to be one of the most affluent and prosperous states in the country. Hence, the residents boast of high disposable income. This income is spent on purchasing goods and services provided by the businesses operating out of the city.
• Strategically Located
Mohali has the advantage of being strategically located. It is situated next to Chandigarh, capital of Punjab and Haryana, the two most prosperous states in North India. The recent years have seen an increase in property prices and congestion levels in Chandigarh. This has led to quite a few companies moving their operations to Mohali. Also, due to premium infrastructure and presence of optimal resources, Mohali has come out as the top destination for businesspeople and entrepreneurs to set up their operations. The fact that Mohali houses all infrastructural facilities found in tier-1 cities only adds to its advantage.
• Easily Available Properties
Mohali has seen rise in demand for commercial properties and to meet the high demand, a number of reputed real estate developers and companies have announced several projects. These projects are aimed at providing people with functional and attractive offices and retail spaces.
With demand for properties only expected to rise, buying a commercial plot in Mohali makes the most sense now. So, don’t hesitate and lose this golden opportunity.