Living up to its literal meaning- – ‘Settlement’, Mohali- the part of the tri-city of Punjab has emerged as one of the hotbeds of opportunities and growth recently. Be it Infrastructure, Real Estate, Education, or Tourism, Mohali is a preferred investment hub for today’s entrepreneurs.
The idea of creating Mohali township on November 1, 1975, was to establish an organized and ordered settlement on the lines of Chandigarh City. Today, the idea is a fully conceived reality.
Due to the inherent location advantages and administration-induced steps, Mohali has shown an appreciable growth in every sector that has made it an endearing place to make an abode or begin a business venture here. Lying in close proximity to the combined capital of Punjab and Haryana, Mohali is the satellite town of Chandigarh that lies to its southwest part.
Let us examine the prominent factors that have made Mohali the favorite destination and the future city of Punjab.
Geographical Advantages – Mohali is landlocked by some influential cities around it. It is not only well connected to Punjab and Haryana capital but also with the capital of India- Delhi. The smooth journey on NH-1 on 200 ft. ring road can land you in Delhi in just 4 to 5 hours. The city is also well-connected to the Queen of Hill Stations– Shimla via NH-5 and you can make a refreshing trip in just 3 to 4 hours. Mohali also connects the surrounding cities like Ambala, Ghazipur, Landran, Zirakpur, Mullanpur, Dera Bassi, and Kharar by rail and road connectivity making it a good migration hub for those who want to explore the growth opportunities in this area.
Administrative Policies – Both the Central and State Government’s well-drafted policies have done stellar work in making Mohali an investment Hubspot. While Punjab Urban Planning and Development Authority has contributed generously to the well-planned development of Mohali township, the central government’s initiatives like Vocal for Local and Atmanirbhar Bharat have attracted many business enthusiasts.
Investor-Friendly – After the government’s revised industrial policy, 2018, Mohali has emerged as one of the major investor-friendly destinations. Mohali now figures in the list of cities that provide ease of doing business to the entrepreneurs. Today it houses more than 100 industrial units worth the investment of 300 crores. Recently, Mohali witnessed the highest number of real estate transactions followed by Ludhiana and Amritsar. With a number of relaxations for the business doers, like SEZ, the surrounding cities of Mohali have already attracted 100 developers’ bee-lining to establish their projects.
Industrial and Commercial Hub – Mohali is widely touted as the next IT hub and the commercial center of North India by experts. The smart city factor of Mohali makes it an IT-friendly city and hence many multinational corporates including –IT, Infrastructure and commercial companies have found Mohali as the perfect place to set up their offices. The IT giants like Infosys, Dell, Philips, Quark Inc. have established their commercial and infrastructural entities that make Mohali one of the most sought-after destinations for working professionals.
Emerging Knowledge Center – Some of the leading educational and health players have marked their footprints in Mohali. The prestigious IISER, Army Institute of Law, Indian School of Business, Knowledge City, Jade Business Park, and World Trade Centre along with many Engineering Colleges makes it a knowledge center to invest.
Nurturing the Sporting Talent – Not only for commercial purposes but for sports enthusiasts also, Mohali is a preferred place. Mohali International Cricket and Hockey stadium are well known for hosting some grand international matches that showcase the city’s preference for nurturing sports culture. Eight multipurpose sports complexes with world-class facilities for sports like Swimming, Table Tennis, Athletics, Volleyball, Badminton, and Tennis groom the future sports talent of the country.
A Major Tourist Destination – Mohali is an ideal place for tour planners. Along with Chandigarh’s proximity, the city also boasts of worth visiting places like Sukhna Wildlife Sanctuary, City Park, Thunderzone Amusement Park, and Foy Sagar lake. Mohali provides a perfect place to spend quality time with friends and family. A detour to nearby scenic Shivalik Hills is good enough to refresh anyone over a weekend. The well-organized, peaceful, and the planned city has a rich cultural heritage needed for the holistic development of an individual.
NRI’s Interest in the Area – The advent of the recent International Airport has added to the proximity advantage for the investors. The GMADA Aero City leading to Chandigarh International Airport has caught NRIs investors’ eyes and now they have started investing heavily in this area. As the sky-rocketing real estate prices (three to four times higher) in the nearby Chandigarh area have gone out of a common man’s hand and they find Mohali as one of the hotspots of investment to give them value for money. Apart from a well-connected rail and road network, the upcoming Chandigarh Metro Rail Project is also set to make the lives of everyday commuters smooth.
Wave Estate, Mohali is one such promising and pocket-friendly project sprawling in 245 acres in sectors 85 and 99, housing a fully gated society with independent floors, plots, and condominiums. The project is strategically located in the vicinity of Mohali Cricket Stadium, International Airport, Indian School of Business, and many other prominent landmarks surrounding the Wave Estate property. It is already an address to 150 families residing there.
So, Mohali has carved out its own identity over time and is no longer considered as a second fiddle to the Capital City-Chandigarh. If you are planning to make your next investment move, then Mohali must figure as your top priority a well-thought step. Considering the geographical, administrative, commercial, and financial advantages, the payout in this future city can be huge.