Due to special factors such as urbanization and government plans, Mohali real estate industry is booming every day. Programs such as housing and smart city missions for all by 2022 have also made Tier-II cities popular destinations such as Mohali. Mohali is also one of the best cities for housing projects. Due to Mohali’s close proximity to Chandigarh, Mohali has been added to the top cities with a high quality of life ratio, high connectivity, the influx of tech companies, and abundant commercial investment options. Mohali, also known as a collection of satellite cities or villages, is the most commercial destination. There are concrete plans to develop in front of the Greater Mohali Area Development Authority (GMADA) and the state government.
Investment and employment opportunities in Mohali, also known as SAS Nagar, offer many employment opportunities for several initiatives, including Ghar Ghar Naukri of the Punjab State Government. Large investments have been made by various IT companies, and other multinationals will open the door to strengthen employment diagnostics in Mohali in the future. The Mohali area has attracted the attention of several investors and developers seeking to raise money in the market. Mohali has previously proved to be an attractive destination for commercial savers, as vast land and better infrastructure are important underlined points. Several companies, entrepreneurs, and businessmen will enter the market and start their businesses. In addition, Mohali’s booming retail sector is another key factor in keeping real estate demand high.
Inviting New Business
Yet another upcoming project, The Connaught Plaza, is a future project that provides commercial space for savings and promotes top retail brands. World-class projects, including the World Trade Centre, add a privileged touch to Mohali’s real-world image.
The prosperous commercial part of Mohali Real Estate has also led to the development of residential areas. In addition, the Greater Mohali Area Development Agency (GMADA) is backed by a variety of housing plans to help people buy good properties.
Attractive Property Price Range
Real estate buyers interested in Mohali can choose from 1BHK, 2BHK, 3BHK, and 5BHK apartments. The average cost remains at 4,000 rupees per square foot. A standard 1BHK house of about 700 square feet can be purchased for a starting price of 25 lakh rupees. On the other hand, a 2BHK apartment with a size of 980 square feet usually costs around 35 lakh rupees. Mohali’s luxury apartment properties, with a spacious covered area of approximately 1,500-2,000 square feet, remain priced at 80 lakh rupees to somewhat around 1.3 crore rupees. Rental options which start from Rs 15,000 per month are also available for these apartments.
The top locations are Mullanpur, Zirakpur, Sector 115 Mohali, and Sector 126 Mohali, which are the best areas with high demand and a large number of apartment plans. These areas have also experienced significant cost increases in recent years. You’ll have access to more areas such as Gazipur, GMADA Aero city, and Airport Road.
The presence of several reputable academic institutions for specialized courses quickly made Mohali a place of an active educational centre. The top laboratories here at Mohali are the Chandigarh Business School (CBS), the Indian School of Business (ISB), and the National Institute of Pharmaceutical Education and Research. Also popular for cricket stadiums, Mohali offers world-class health centres with more than 90 schools and other important social services such as various shopping malls, restaurants, cinemas, and retail stores.
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