Due to the special factors including urbanization and the government's schemes, the real estate industry in Mohali is booming day by day. Schemes like Housing for All By 2022 and Smart Cities Mission are also making Tier-II cities a popular destination. Mohali is one of the best cities for residential projects. Due to the nearness to Chandigarh, Mohali is added into the top cities with its high liveability proportion, better connectivity, the influx of IT firms, and sufficient choices for commercial investment.
As known as a satellite town or even cluster of villages, Mohali is the most commercial end. There are special plans to develop it ahead of the Greater Mohali Area Development Authority (GMADA) as well as the state government.
Investment and Employment Opportunities
Mohali is also known as SAS Nagar and gives lots of job options for several initiatives include Ghar Ghar Naukri by the government of Punjab. Huge money has been invested by different IT companies and other multinational companies will open doors for increased employment diagnosis in the future in Mohali.
The area of Mohali has brings the attention of several investors and developers to give money in the market. With huge land parcels and better infrastructure being the key underlines, Mohali has previously recognized itself as an attractive end for commercial savers. Several businesses and entrepreneurs and businessmen in big numbers are planning to enter the market to start their business. Additionally, the booming retail sector in Mohali is one more important factor that will keep the demand for real estate high.
Inviting Businesses Also
Yet another upcoming project ‘The Connaught Plaza’ is an upcoming project which will give commercial spaces for savings and will encourage top retail brands. A world-class project which includes the World Trade Centre is also taking the real picture of Mohali a notch privileged.
The thriving commercial section of Mohali real estate has resulted in the development of the residential area. Moreover, with assistance with different housing plans the Greater Mohali Area Development Authority (GMADA) is even assisting the people to buy good properties.
Property Price Range
Interested property buyers in Mohali can make choices from 1 BHK, 2BHK, 3 BHK, and 5BHK apartments. The average cost remains from Rs 4,000 per sqft. A normal 1BHK home having the size of around 700 sqft can be purchase for a starting cost of Rs 25 lakh. On the other hand, the cost of a 2BHK flat sized at 980 sqft have normally around Rs 35 lakh. The price of the luxury apartment Property in Mohali with spacious covered around 1,500 sqft to 2,000 sqft remains Rs 80 lakh and Rs 1.3 crore. These flats are also available with rental options that start from Rs 15,000 per month.
The top localities are Mullanpur, Zirakpur, Sector 115 Mohali, and Sector 126 Mohali are some of the best areas which are witnessing good demand and number of housing plans. These areas have also found a good cost appreciation in the last few years. You can more areas like Gazipur, GMADA Aero City and the airport road.
Quickly, this area has become an active education hub with the existence of several esteemed academic institutes for professional courses. The top institutes here are the Chandigarh Business School (CBS), the Indian School of Business (ISB), and the National Institute of Pharmaceutical Education and Research. Mohali is also popular for cricket stadium, it offers other significant social services which include the best-in-class healthcare centers, for more than 90 schools, and an excess of shopping malls, eateries, cineplexes, and retail shops.
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