Mohali, a bustling town now, was once a collection of villages. Located right next to the state capital of Chandigarh, Mohali has been witnessing rapid growth, and the government has plans to further develop the city, with Greater Mohali Area Development Authority (GMADA) and state government combining their efforts to develop the town. Home to a number of IT companies, Mohali boasts of good connectivity and provides plenty of options for those who are looking to invest here, from 4 BHK apartments to studio ones. Here are the three reasons which should be considered before investing in Mohali’s real estate: –
Also known as SAS Nagar, Mohali is home to a number of companies, and provides plenty of job opportunities. The state government has launched the “Ghar Ghar Naukari” to provide employment to youths. This, along with investments by leading MNCs in Mohali, is set to provide more job prospects in this region. Mohali’s location is another aspect that is attracting real estate companies and investors to invest in the town’s real estate market. Mohali has plenty of land parcels which along with good infrastructure facilities make it an attractive place to invest in. The city also has a flourishing retail market, so if you settle down here, you will find all amenities nearby.
Rising Demand for Residential Property
Mohali has a flourishing commercial sector which has also contributed to the growth of the town’s residential sector. Apart from this, there is also support from various housing schemes by Greater Mohali Area Development (GMADA) which is helping to meet the rising demand for apartments in Mohali.
One of the key benefits of investing in Mohali is the connectivity and easy access to other key locations. You can easily access Mohali via a 200-ft ring road. The city is also connected by rail to Chandigarh, Delhi and Ambala along with other major cities nearby. There is also the international airport which makes Mohali a practical investment destination, not to forget the proposed Metro link under the Chandigarh Metro Rail Project, which will further improve the connectivity to the town. Mohali is also home to a number of educational institutes along with leading hospitals. Some of the prestigious institutes present in the town are the Chandigarh Business School (CBS), Indian School of Business (ISB) and National Institute of Pharmaceutical Education and Research. There is also no dearth of social amenities like shopping malls, cineplexes, etc.
If you haven’t considered buying an apartment in Mohali, you should as buying one right now can lead to good returns on your investment.