Kharar is a residential municipal council in the district of Mohali, Chandigarh. It is approximately 10kms away from the city of Chandigarh. As real estate players are getting sky-high in metro cities like Delhi and Chandigarh, the neighboring areas like this are in high demand for real estate movement.
In current times, Property in Kharar, Mohali has seen signs of real estate growth. It is primarily because of the increase of IT companies and infrastructural construction. Organized networking to planning the construction plan of model towns, reserves and a smart valley are being implemented. This area has educational universities, engineering colleges and new-age residential, and market structures are being constructed here.
Reasons to invest in the property of Kharar, Mohali
Connectivity to Kharar
There is bus connectivity from all directions, comprising Himachal Pradesh and Delhi, fascinating students and tourists to visit the region. This area also works as a "shortcut" road for travellers travelling from Delhi to Srinagar on the bus. The railway station at Kharar is expedited with good "twenty-four" hour's rail services. To get air services to Kharar is also suitable as the Chandigarh airport is around 19kms away. Real estate giants and property buyers would feel completely incorporated with North India for its convenient location. Several politicians and bureaucrats own houses here to relax after their retirement.
It’s a developing area for students
Kharar has the main "landmarks" that make it a tourist welcoming destination. Something the real estate investors should observe. This area is opening up to bring in educational opportunities for students from all over North India. The Punjab government is ongoing to take major initiatives for the educational development of the region. The determination of IT development is; however, the soul initiative that is appealing investors to in this region. The value of land in this area is much cheaper than that of other nearby big cities. Transport potential to emerge as another Chandigarh or Delhi, the town is fascinating real estate projects in bulk.
Growth possibilities of Kharar
South Asian giants of real estate from countries like Singapore and Japan have financed to development of business parks, recreational centres, artificial water bodies and heritage sites. Delhi and Chandigarh being over-crowded; this part has the prospective to host a mega-market bringing in shops, and investors and similarly consumers to expand the economy of the region. In the coming future, this area is to see hordes of investors, project developers. Punjab being the land of five rivers, the state is very sustainable, for which people are coming here to build homes. People in this area are mostly looking for green features to build their homes.
Pocket-friendly shelters offered
In the current scenario, the region is proposing pocket-friendly apartments for people to live here. The property offered here coming with multiple choices like individual land, 1, 2, 3 BHK flats with multiple ranges of price. Apart from that latest technology-driven apartment, which carries solar panels, wind turbines etc. are in huge demand in the region. Using solar panels could decrease the energy cost drastically.
After identifying the property it is important to do the necessary precaution before investing it. Below are some of the significant checklist.
- Property documents checklist
- Verify the identity of the seller
- Conversion and land-use permissions
- Construction approvals
- Occupancy certificate
- Status of tax payment
- Encumbrance
- Physical survey and access to the property
- Real estate company don’t have any allegation under the new (Regulation and Development) Act, 2016 (RERA) passed by the government of India
- Risks of proceeding with a property purchase without due diligence
- Do banks do due diligence on the buyer’s behalf or not?
3 Comments
Ravi chandan
03 February, 2023 at 4:21 pm
Not good area to invest . everywhere sewrage issue ,water issue Builedrs has set up new modern slum . Good to invest in Mohali ,Panchkula,Chandigarh.
Cancel Reply
Reply
svpgroup
22 July, 2021 at 6:19 pm
Thank you for sharing this nice blog. Buy Residential Apartment in Kharar, Mohali at an affordable price for the perfect lifestyle.
Cancel Reply
Reply
svpgroup
04 June, 2021 at 5:44 pm
Thank you for sharing this nice blog.
Cancel Reply
Reply
Add Comment