If you are planning to purchase a two-bedroom apartment in the Tri-City, Mohali is prioritized over any other location on the outskirts of Chandigarh – The City Beautiful. The city is well-planned and systematically developed. You can easily navigate within the city as it is divided sector-wise. You are not just investing in a real estate location but in premium-quality infrastructure and world-class amenities within your budget.
The city’s real estate projects are empowered by the state government. You can cross-check for the authenticity of your property if it is GMADA approved or not. It is a governing body that controls the quality of infrastructural development in Mohali and other cities of the Punjab region. Mohali city is developing under the RERA Act. So, it is more authentic and profitable for an investor to buy and invest in the Mohali real estate market.
Investment In 2BHK Flats In Mohali Offer Higher ROI
Buying 2BHK flats in Mohali will be a profitable investment as the real estate market in the city is growing every day. You can leverage the advantages of its unique features like: Shaheed Bhagat Singh International Airport, I.S. Bindra Punjab Cricket Association Stadium, Thunder Zone Amusement Park, Schools, Colleges, Universities, Hospitals, Shopping Malls, and Premium Brand Outlets.
It has become one of the most promising IT hubs in North India. Many top-notch MNCs are planning to invest in the market, and have commercial setup in Mohali. It will boost more job opportunities for the locals. The city offers higher rental income by renting out residential or commercial space. You can earn much better through the rental income every month. The ongoing development and infrastructural improvement will ensure the hike in he market value of your property.
Reasons That 2BHK Flats In Mohali Are A Smart Investment
You may find various reasons to invest in the real estate market in the city once you have a tour of Mohali. You can visit an online property portal like “Property Scroll” to cross-check various ongoing and upcoming real estate projects. You can strategize your investment plan by comparing different types of 2BHK flats available in the market. You can use smart search options and a Square meter to square feet calculator to measure the precisely allocated area. Let’s discuss some major reasons that will help you to make an authentic property-buying decision.
- Affordable Property Market
Mohali is among those affordable real estate markets that offer world-class infrastructure and spacious homes with modern lifestyle features. You can set a viable budget to target a genuine property option that will satisfy your needs for comfort and space requirements. The market is highly competitive, and so, various well-known builders and online property portal offer 2BHK flats for a pocket-friendly price range.
- Competitive Rental Rates
As we have already discussed above that Mohali offers much better rental rates than many areas like Panchkula, Zirakpur, Derabassi, Naya Goan, and Patiala City. You can earn a higher rental income from your residential property in Mohali. The latest amendments to the Punjab Rent Act 1995 will protect the interests of both parties, and it will also encourage the property rental business.
- Constant Income Source
Your 2BHK flats in Mohali City can turn into a constant income source for you as the market value of your property will keep rising at a steady rate. You can also opt for a permanent rental income from your apartment. Apart from this, the city is strategically located near the Chandigarh, Derabassi, Greater Mohali, New Chandigarh, Zirakpur, Baltana, and Patiala. So you can start a new job, or a new business in the city.
- Growing Economy
The real estate market of Mohali district is comprehensively contributing to the overall economic growth. The majority of buyers and investors are shifting their focus towards the real estate business in Mohali City. In the past three decades, Mohali has witnessed mind-blowing development within the city, and around its territory. It has become a profitable market for big business firms, buyers, investors, and giant retailers.
- Higher Rental Demand
Mohali City has higher rental demand due to its interconnectivity with other cities, various mobility options, and public transportation. The real estate market of Mohali district is comprehensively contributing to the overall economic growth. The majority of buyers and investors are shifting their focus towards the real estate business in Mohali City. In the past three decades, Mohali has witnessed mind-blowing development within the city, and around its territory. It has become a profitable market for big business firms, buyers, investors, and giant retailers some city, you can become a part of society easily.
- Infrastructure Development
Mohali is developing very fast and so is its infrastructure. If you are willing to invest in modern-day amenities and infrastructure, come and buy a spacious and budget-friendly two-bedroom apartment in the city. The market value of your property will keep rising, and you can expect better ROIs in the long run.
- Investment Oriented Policies
Banks and other financial institutions are open to help you get easy home loans at affordable revised rates. The state government of Punjab is running various affordable home schemes that allow buyers to own a house under these beneficial schemes. Many insurance companies cover home loans to support you during any unpredictable incidents.
- Mobility & Connectivity
The city offers various internal and external routes to connect with different neighboring cities. The wide & open roads give you ease of transportation. The city is connected by airways, railways, and well-maintained roads. Having a flat with two rooms set in the city can make your life easy. Traveling in an owned vehicle is also quite a convenient option as this small city doesn’t face any major traffic jams.
Conclusion
Mohali offers the most competitive 2BHK flats in the Tri-city with the latest features, advanced infrastructure, modern amenities, and other facilities. You can opt for a ready-to-move 2BHK flat, or under-construction options. Consider all the major factors before making a final property buying decision. If you need any professional assistance, get in touch with our industry experts for the end-to-end solutions.
