Reasons For the Growth of Residential Property Market in Mohali
If NCR is known for the escalating real estate property matters then Mohali is the catalyst in the real estate industry's growth in Punjab. It is one of the fastest growing IT towns loaded with all the urban features and projecting a promising future for India. Located in the close vicinity of Chandigarh city and Panchkula, the three are also known as the Tricity.
Mohali has developed both as an IT hub as well as a commercial destination for many companies. Often credited as the Silicon Valley of North India, Mohali is home to many IT companies like Dell, Quark City among others. At the same time, there are big commercial groups like Reliance Infocom, HFCL, Infotel, and many more. It is these residential, commercial and retail projects which make Mohali an investor preferred location.
Why Mohali is growing as a real estate hotspot?
There are many features that aid the growth of real estate industry in Mohali and its adjacent areas. These features can be taken up separately point wise to have a better understanding:
Preference to Plot over Flat
People in north India and especially in Punjab always look for properties that cover plots and not flats. Reason for this is simple; it gives people more option and freedom to plan the architecture of the house according to their choices. The advantages of taking plots over flats are that one can have preference for spacious rooms, balconies as well as lawns according to their requirements. In Mohali, one can get both types of properties, plot as well as flats at reasonable rates.
Properties In Mohali Complementing the Budget of People
It would not be wrong to say that people's budget has drastically changed in recent years. People are capable of buying the properties at rates which were once out of reach. Although this change hasn't been so big still even a slightest upward or downward trend in people's standard of living can affect their buying capabilities. With more liquidity of Indian rupee people in Mohali can buy properties easily. The property rates haven't changed as much as the living standard of people has.
Proximity to Other Cities
Mohali is located within close range of cities like Panchkula and Chandigarh, and thus offers amenities which cannot be catered in a single city. People can find good options for educational, health care, higher education, etc. in Mohali and the nearby cities. Also the best part is that the property rates are comparatively less than those in Chandigarh. With more commercial and industrial setups, residential.
There are lot of property options in Mohali which people can easily explore according to their needs. With the development of other cities in nearby areas, Mohali has become one of the hotspot cities to invest the money in whole of North India.
Mohali has developed both as an IT hub as well as a commercial destination for many companies. Often credited as the Silicon Valley of North India, Mohali is home to many IT companies like Dell, Quark City among others. At the same time, there are big commercial groups like Reliance Infocom, HFCL, Infotel, and many more. It is these residential, commercial and retail projects which make Mohali an investor preferred location.
Why Mohali is growing as a real estate hotspot?
There are many features that aid the growth of real estate industry in Mohali and its adjacent areas. These features can be taken up separately point wise to have a better understanding:
Preference to Plot over Flat
People in north India and especially in Punjab always look for properties that cover plots and not flats. Reason for this is simple; it gives people more option and freedom to plan the architecture of the house according to their choices. The advantages of taking plots over flats are that one can have preference for spacious rooms, balconies as well as lawns according to their requirements. In Mohali, one can get both types of properties, plot as well as flats at reasonable rates.
Properties In Mohali Complementing the Budget of People
It would not be wrong to say that people's budget has drastically changed in recent years. People are capable of buying the properties at rates which were once out of reach. Although this change hasn't been so big still even a slightest upward or downward trend in people's standard of living can affect their buying capabilities. With more liquidity of Indian rupee people in Mohali can buy properties easily. The property rates haven't changed as much as the living standard of people has.
Proximity to Other Cities
Mohali is located within close range of cities like Panchkula and Chandigarh, and thus offers amenities which cannot be catered in a single city. People can find good options for educational, health care, higher education, etc. in Mohali and the nearby cities. Also the best part is that the property rates are comparatively less than those in Chandigarh. With more commercial and industrial setups, residential.
There are lot of property options in Mohali which people can easily explore according to their needs. With the development of other cities in nearby areas, Mohali has become one of the hotspot cities to invest the money in whole of North India.
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