The real estate sector is advancing at a rapid pace not just in metropolises but also across many Tier-II cities. Mohali happens to be a place where property market is currently booming. Located near Chandigarh, Mohali is considered as one of the hot property destinations in the country owing to the excellent lifestyle on offer, good connectivity options, influx of IT companies and numerous choices for commercial investment. A satellite town in Punjab, Mohali today is a bustling city with all the modern amenities. As a result, the demand for residential properties and plots in Mohali has also spiked. When you consider the fact that the rates of properties in the regions are very reasonable, it makes absolute sense to invest in Mohali.
Factors driving the growth of Mohali realty
Good job prospects
Also known as SAS Nagar, Mohali has a plethora of employment potentials. Apart from initiatives by the state government like ‘Ghar Ghar Naukri’, mushrooming of several IT and multinational companies have increased the scope of employment in Mohali. This has encouraged several people to move to the city in search of the most suitable housing units. Resultantly, there has been a surge in demand for properties and plots in Mohali.
Mohali is one of the few places in India which has the excellent facilities of a metro city while still boasting of affordable property prices. The city has some of the most luxurious flats and independent spaces with jaw-dropping features which are available at reasonable prices. This has further boosted the prospects of real estate in Mohali.
Connectivity and travel
Mohali has a major advantage of good connectivity to key locations. There is easy accessibility via a 200-ft ring road, and rail connectivity to Chandigarh and nearby cities of Ambala and Delhi. Another important factor is the new international airport which makes Mohali very attractive for investors. The upcoming Metro link under the Chandigarh Metro Rail project will also ease the commuting experience for people. These factors have had a positive impact on the realty market of Mohali as well.
Owing to the combination of the reasons mentioned above, there are several takers for apartments and plots in Mohali. Numerous people are eyeing opportunities to earn big gains out of their small investments. This makes Mohali an ideal investment zone for property buyers.