Over the past decade, Mohali has emerged real estate destination hub comprising of both residential and commercial properties-- purchase and sell. As a much as it is a sought-after Indian real estate hub, many potential buyers are making a run to invest in property in Mohali.
Plots for commercial, residential or industrial use are developing at a fast-paced rate ensuring that the city has something to offer to everybody. The government is taking interest and launching several projects, but private builders are a step ahead too with a surge of development underway, which may just turn this city into the next metropolis of Northern India.
The city has lots to offer besides the fact that some of the under-development sites are already booked. This clearly indicates that the realty market of this city is not only palpable but the city itself is beginning to surpass neighboring areas while attracting buyers nationwide and NRIs too. This answers why one should invest in property in Mohali.
As a potential buyer, one can eye the residential villas in Mohali, given the space, architecture and thought put into it. The other benefit as a buyer is the closeness of the city to Chandigarh and its well-linked roadways. This is comparable to the roadway links seen in Delhi, Noida, and Chandigarh.
The boom in Mohali’s real estate segment can attribute to the fact that plots for development in Chandigarh has nearly exhausted and hence, this city, which lies in close proximity, struck a chord with developers who saw the potential for further infrastructural development. The idea became an instant hit and today this city is witnessing an upswing in demand from residential buyers.
What drives infrastructural developments, both proposed and under-development projects is the massive demand for commercial and residential villa in Mohali. Upcoming Chandigarh international airport, multi-terminal bus depot and upgrades of roadways, waste management and water treatment systems are just a few of the many amenities that contribute to this surge.
Mohali gives us ample reasons for investment. Its growth fueled by land availability, better-priced real estate rates and excellent road connectivity is commendable. This city is already on the verge of becoming a thriving commercial center and with a well-planned blueprint in place, it is sure to evolve further into one of the most popular cities in Northern India.
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