Real estate market is booming as the economy is showing positive signs of growth and development. It is forecasted that by 2022, the tier 2 cities where in Mohali is one amongst them will witness exponential growth for which the credits go to Smart Cities Mission and the Housing for all. (https://www.squareyards.com/blog/heres-makes-mohali-emerging-real-estate-market)
People from all round India are seeking to buy plots, residential flats and commercial properties to make a prospective investment that can assure fruitful returns in the future. Amongst many cities in India, Mohali has attracted the interest of builders, real estate businesses and investors because of significant factors like development plans of Punjab government, business set-ups of multi-national companies, green surroundings, infrastructural opportunities etc. Buying a plot in Mohali at the right time can give an advantage in terms of prices, investment plans over a considerable time span and current benefits offered by state government development authorities. Let us learn about the benefits of buying or investing in a plot at Mohali.
Making the most of right time
With Mohali becoming an emerging destination for investment, it is witnessing a series of mega construction projects in line by a number of popular real estate corporations namely Wave Infratech and many others. Wave Infratech’s flagship project Wave Estate in Mohali is a beautiful amalgamation of residential and commercial projects apt for all. Witnessing the growing trend for plots, Wave Estate’s Plots are a must sought after residential properties in Mohali. A gated community, the project offers plots spanning from 125 sq yards to 1100 sq yards. The project encompasses lush green open spaces, community centre, etc. At this point of time, one can actually seek the best plot locations for sale in Wave Estate’s plot and grab the opportunity by purchasing the one that showcase excellent future returns.
Benefits that guarantee worthy returns
Residential plots in Mohali offer lucrative returns such as remarkable value appreciation of land after a period of time, flexibility in designing your home, freedom to add or discard plans of designing etc. In addition, after building your custom-made house on your own piece of land, you can later decide to stay in or let it out for rent as per the demands of your profession or occupation. Well, in both the cases, your decision to buy a plot or invest first in Mohali will guarantee impressive returns.
Factors to check-out
Purchasing a plot requires thorough understanding of government rules, location of plot, documentation and finances. Let’s take a brief glimpse on the important factors before buying a plot:-
- Background check: Ensure that the land you intend to buy from the seller is clear from all the mortgages, approved by the concerned governmental authorities for sale and is sold by the genuine seller with no legal record.
- Financial support: If you have money to purchase a plot then negotiate the price with the seller and it is mutually agreeable. If you intend to take the support of bank or financial institution then oversee the bank norms on amount of funding and repayment tenure.
- Location of plot: There are amazing opportunities for plot investment at the centre of Mohali such as Sector 85, Sector 99 and Airport road because of its serene surrounding, better road connectivity, infrastructural developments etc.
- Documentation: Since plots can be readily available for possession, hence documentation can be arranged at the earliest. Meet the expert before finalization to understand the required documents for completing the plot sale and attaining the ownership deed. Also, understand the registration procedure with the state government to avoid any hassles at later stage.
Investment in plots at early stages in Mohali can be a potentially smart decision as it can promise great returns in future.