With factors like urbanization and government programs like Smart Cities
Mission and All Housing By 2022, the real estate sector is booming in many of
the country's major cities, as well as in many Tier-II cities. Mohali is one
such town. Located near Chandigarh, Mohali has a high living quotient, superior
relation, the inflow of IT-based firms, and comprehensive commercial investment
possibilities, rendering it among the developing cities in the world. Mohali is
now a busy commercial hub originally a bunch of villages and a satellite town
in Punjab and it is expected to be further built through the efforts of the
Greater Mohali City Development Authority and the government.
Work and prospects for investment in Mohali:
Mohali has many work openings to many, also known as SAS Nagar. The State
Government will open up doors for improved potential jobs prospective in Mohali
to projects like “Ghar Ghar Naukri”, along with investment preparations by many
IT firms and other multinational enterprises.
The Mohali platform draws many developers and investors to invest in this
market. Mohali has already developed itself as a desirable destination for
business developers with vast land plots and improved infrastructure as the
main points. Many businessmen and traders in large numbers plan to set up
business here. In addition, the thriving Mohali retail market is another
important factor in creating a steady demand for real estate.
The Connaught Plaza is a forthcoming initiative that offers investment
space and welcomes leading supermarket brands. The actual picture of Mohali is
also growing in world-class ventures like the World Trade Center.
Growing demand for housing
Mohali's thriving trade segment has resulted in its residential sector
rising. Additionally, the funding of the Greater Mohali City Development
Authority (GMADA) by different housing schemes helps to fulfill the urban
residential demand.
Apartments here are available at an average price of Rs 3,200 per square
foot, for those searching for an
apartment in Mohali. For an initial price of
Rs 25 lakh, basic 1BHK home of 700 sqft can be purchased. Apartments with 2BHK
arrangements of 980 sq.ft. have a Rs 30 lakh average price. 3BHK apartments of
1.200 sq ft have an Average Rs 35 lakh price, while Lavish apartments prices
range from 1500 sq.ft. to 2000 sq.ft., from Rs. 80 lakh to Rs. 1.3 Crore. Rent
for 2BHK self-catering
property in Kharar, Mohali starts at Rs 15,000 per month.
The main localities that are experiencing good requirements and a
significant number of housing projects are Zirakpur, sector 115 Mohali, sector
126 Mohali, and Mullanpur. In the last few years, these neighbourhoods have
also seen a good price increase. Gazipur, the airport road and GMADA Aero City
are other areas worth investment.
Infrastructure and communication
In terms of warmth and proximity to key areas, Mohali is an asset. Quick
access to Chandigarh and the neighbouring cities of Ambala and Delhi via a
200-foot ring road and a rail link. Mohali is also a viable investment option
because of the upcoming international airport. The Chandigarh Metro Rail metro,
once operating, will boost citizens' travel experience.
Final Words
Mohali
has been Tricity’s growth centre in the past few years, in particular in the
peripheral zones of Zirakpur, Kharar and New Chandigarh (Mullanpur). Mohali is
also a busy educational centre with a significant number of prestigious
technical studies in academic institutions. The ISB, the Chandigarh Business
School (CBS), the National Institute for Pharmaceutical Education and Research
and other law and medical colleges, are among these. These include the ISB.
Mohali is renowned for its cricket stadium and provides other big social
facilities such as the finest in the health centres, more than 90 schools and plenty
of shopping malls, cineplexes, restaurants and department stores.x
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