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Mohali Property Market Price Trends!

Mohali, the commercial hub of Punjab, is the famous name for Sahibzada Ajit Singh Nagar (SAS Nagar). It is located near the state capital Chandigarh and is named after Guru Gobind Singh’s eldest son Sahibzada Ajit Singh. The city has undergone tremendous changes in the past few years and emerged as an ideal location for both commercial and residential property seekers. It is rapidly developing towards becoming the IT hub of the state, which will be offering high employment opportunities to the people. Moreover, Mohali also offers rich investment opportunities with high returns which attract people as well as businesses from the different parts of the nation.

 

Infrastructure & Connectivity
Owing to its rapid development, today, the city boasts of world-class infrastructure and living facilities. There are a number of educational institutes, medical & healthcare facilities, sports stadiums, shopping centers & complexes and other structural marvels that uplift the face of Mohali’s infrastructure. In terms of connectivity, Mohali offers seamless transition via road with the NH-1 passing through this city. A drive to this city from the capital Delhi takes just 4-5 hours. Although it does not have a railway station or airport of its own, the proximity to Chandigarh’s railway station and the international airport make traveling to Mohali quick and easy.

 

Demography
The urban agglomeration of Mohali had a population of 1,76,152 as per the Indian Census of 2011. Out of this population, 92,407 were males and 83,745 were females. The average literacy rate in Mohali is 91.96%, with 93.67% males and 90.08% females being literate in the city. For the sex ratio, there are 911 females for every 1,000 males in Mohali.

 

Life Style
Mohali is a rapidly developing IT hub of Punjab and as a result, the lifestyle of the people of this city is also changing accordingly. A number of entertainment options like shopping malls, complexes, parks, and gardens have been set up in the city to keep the people entertained. There are a number of religious places, especially Gurudwaras where people visit regularly to find their peace of mind.

 

Key localities in Mohali
Mohali real estate has seen a drastic change and has developed to become one of the most attractive cities in Punjab. The rapid development in the city has led to the creation of a number of new localities and even the existing localities have also seen a facelift. Here are the top localities in the real estate in Mohali, like; Zirakpur, Sector 125, Sector 70, Sector 127, Kambali, Sector 113, Sector 73, Kharar-Landran Road and others.

 

Real Estate Market
The builders of Mohali have played an instrumental role in the development of the city. They come up with new projects and plans to satiate the growing demand of property in Mohali. A number of advertisements like “Property for Sale in Mohali” and “Property for Rent in Mohali” can be seen in the nooks and corners of the city. Here are the top builders in Mohali: Omaxe, Emaar MGF, Ansal API, TDI Infrastructure, ATS Green, DLF, Unitech, Wave and others.

 

Projects in Mohali
A number of projects have been constructed and even more are under construction to fulfill the growing property demand of the people of this city. From commercial and industrial to residential and agricultural, all types of properties are available in Mohali. From luxury bungalows and posh duplexes to affordable apartments and budget-friendly flats, one can find a number of property projects here.

 

Govt Projects in Mohali
The Punjab Urban Planning & Development Authority aka PUDA and the Greater Mohali Area Development Authority aka GMADA come up with new housing projects and schemes to provide affordable housing to all. The 2016 housing scheme by GMADA offered 2,000 in a number of locations in New Chandigarh and Mohali. One can find 1BHK, 2BHK, 3BHK and 4BHK flats with all the basic amenities at an affordable price under such schemes.

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  • Sales Price Trends in Mohali

  • Property Distribution @ Realestateindia.com

  • Locality Price Range (Rs./Sq-ft) Average Price
    (Rs./Sq-ft)
    Jan 2018
    vs
    Apr 2018
    Sector 121 4333 - 4983 4658 4%
    Sector 66 4138 - 6410 5274 8%
    Sector 68 3636 - 5556 4596 0%
    Sector 91 2750 - 4634 3692 0%
    Sector 125 2667 - 5196 3931.5 0%
    Sector 117 2444 - 3721 3082.5 5%
    Kharar Road 2432 - 3300 2866 8%
    Sector 112 2148 - 3033 2590.5 0%
    Sector 115 1123 - 3272 2197.5 9%
    • 51% - Apartments / Flats
    • 3% - Bunglow & Villas
    • 24% - Residential Plots
    • 10% - Builder Floor
    • 9% - Independent House
Disclaimer : The Price Trend of different location has been compiled from the asking price of the database of properties listed on RealEstateIndia.com and are not based on the actual transactions. Therefore RealEstateIndia.com does not give any guarantee of the accuracy, reliability and completeness of any information and data should be verified independently.

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