The real estate sector in Mohali is thriving, thanks to rapid urbanisation and government-led initiatives like Smart Housing and Cities Mission. The city is closer to Chandigarh and is looked up as one of the most quickly flourishing cities in India for various factors; Excellent connectivity, impressive lifestyle scope, ingress of top IT sectors, and pool of scope for commercial investments to name a few.
What was initially a cluster of hamlets, Mohali has now evolved as a satellite town in Punjab. The city is currently one of the busiest commercial places in the country and there are plans of development in Mohali by the Greater Mohali Area Development Authority (GMADA) followed by the State Government.
Here are some of the reasons why people are
preferring to invest in property in Mohali.
1) Mohali Boasts of Ample Job and Investment Scope
Mohali is also coined as SAS Nagar and hosts an ocean of job scope for multiple state-government-led initiates apart from the investment plans by multiple IT and multinational companies. The investment plans being mapped out by the IT sectors and MNCs will make roads for a spike in job opportunities in the long run. The strategic location of the city has also fetched the attention of investors and developers from across India to make their investment in the properties in Mohali.
A massive network of entrepreneurs is thinking to take an entry into the market to operate from here. Also, what maintains the steady growth of the real estate demand, is the rise of retail industries in Mohali.
Properties in Mohali is On High-Demand
The only primary contributor that has resulted in the rising demand for
residential properties in Mohali’s booming commercial sector. To cater to the
rising demand for residential properties in Mohali, GMADA is also extending its support by providing
myriad housing schemes. The majority of demand over housing projects are at:
·
Zirakpur
·
Mullanpur
·
Sector 115 Mohali
· Sector 126 Mohali
2) Mohali Properties Have Great Infrastructure and Connectivity
Mohali has secured a pioneering position concerning easy access to important locations and convenience. The easier accessibility is possible through the rail network to Ambala, Delhi, and Chandigarh, and of course the 200-ft ring road. Also, because the international airport makes is closer to Mohali, many investors see it to be one of the most lucrative investment options. And once the metro link being led by the Chandigarh Metro Rail Project starts operating, the citizens will benefit from an improved travel experience.
3) Mohali is Also known for Its Flourishing Education Hub
Mohali is also witnessing growth in the educational sector, thanks to the
influx of renowned educational institutes for higher studies including:
·
Indian School of Business
·
Chandigarh Business School
·
National Institute of Pharmaceutical Education and Research
Apart from this, there are several other law and medical institutes in the city. Besides, Mohali is also popular for its popular cricket stadium and other class-apart healthcare sectors followed by plush shopping malls, multiplexes, exquisite dine-out sports, and retail stores.
4) Expect World-Class Facilities and Luxe Amenities in Mohali
Mohali is inundated with top-notch facilities which make living in the city easier and comfortable. Some of the facilities that the city is presently having are shopping complexes, colleges, schools, and hospitals. This makes more and more investors and buyers dream of owning a property in Mohali. Several properties in Mohali are popular for being loaded with parks, kid’s recreation is, swimming pool, and gymnasium. These are the primary factors why people love splurging on properties here.
5) Investors Find It Cheap to Invest in Mohali Properties
Owing to the posh lifestyle that Mohali has to offer, a lot of real estate investors are putting their money through multiple projects including commercial and residential in Mohali. No wonder, why the properties in Mohali aren’t expensive but are instead reasonably priced.
Mohali has secured its place in the top list of investors and buyers also because of how safe and secure its surroundings are. The city also has the lowest crime rates compared to other places in the country. The city presently doles out ample scope for investment both in terms of commercial and residential aspects.
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