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Mohali: A Booming Real Estate Hotspot

Mohali, nestled in Punjab, has experienced remarkable transformation over the last ten years, emerging as a top pick for those looking to invest in real estate. Let's delve into some of the main trends and factors important to think about if you're considering buying or renting property in this area.

Affordable Housing

One of the biggest trends is the strong demand for affordable homes. Developers now focus on providing quality housing at reasonable prices. Look at areas like Kharar, Sunny Enclave, and Sector 115 for exciting housing deals catering to young professionals and families seeking budget-friendly living.

Luxury Real Estate

Contrasting with affordable homes are prime spots for luxurious housing. Places like Aerocity, Sector 67, and Sector 99 are known for upscale housing projects including exclusive communities, luxurious villas, and high-end apartments with fantastic amenities like smart home technology and private gardens.

Commercial Real Estate

Mohali is not just a residential hotspot; it’s also taking off as a commercial property hub. IT parks, office spaces, and shopping centers are popping up all over, attracting businesses and elevating the demand for commercial real estate. The IT City in Sector 82 exemplifies this trend, drawing many businesses due to its booming office spaces.

Infrastructure and Connectivity

Mohali’s strategic location and closeness to the Chandigarh International Airport really shine. Places around Aerocity and IT City are sought after for their excellent connectivity. Plus, inclusion in the Smart Cities Mission has sped up infrastructure improvements, adding better roads, public transport, and community services. Upcoming projects like the GMADA Expressway and metro routes will boost the city’s appeal and its real estate market.

Sustainability

Eco-friendliness is becoming a hot topic among homebuyers in Mohali. Developers are weaving sustainability into their designs with solar panels, rainwater systems, and green spaces. This trend not only appeals to eco-conscious buyers but also boosts long-term property value.

Rental Market

The rental market in Mohali is on the rise, thanks to its swelling population of students, professionals, and migrant workers. Neighborhoods near educational hubs like Sector 70 and Phase 3B2 are especially popular. There’s significant demand for ready-to-move-in, fully furnished apartments, reflecting a clear preference for convenient, move-ready homes.

Foreign Investment

Non-Resident Indians (NRIs) are taking notice of Mohali due to its cultural ties, modern amenities, and straightforward investment process under RERA. They find Mohali’s property prices favorable for their return on investment (ROI) and commonly rely on reliable property dealers for hassle-free deals.

Price Trends

Property prices have seen a steep climb in Mohali, with prices for residential, commercial, and industrial properties going up by 26-50% in the 2024-25 financial year. This spike, especially noticeable along Airport Road, has made real estate investments in top areas more costly.

PropertyWala Wrap-Up

Mohali’s real estate market is changing fast, offering varied opportunities for both buyers and investors. Whether you’re eyeing an affordable apartment, a luxury property, or commercial space, there’s something in Mohali for everyone. With its solid infrastructure, shifting lifestyle tastes, and strategic position, the city is set for ongoing development. For future buyers and investors, thorough neighborhood research, consultations with experienced property dealers, and long-term area potential analysis are essential to making a wise decision. Investing now in Mohali’s vibrant real estate sector could offer a promising return.