In the past few decades, the North India real estate market has shown tremendous business growth. It is projected to mark the trillion US dollar market cap in the next couple of decades. The Indian real estate property market has a great future in terms of sales numbers and profitability.
Mohali is one of the major real estate locations in the North region of India. It is becoming a priority hotspot for investors, retailers, and real estate buyers in the Tri-city. The city is full of surprises and advantages. In this information, we discuss some major reasons that are responsible for listing it in the list of premium markets.
What Mohali Real Estate Offers To Investors?
The real estate market of Mohali district offers world – class real estate projects and a wide range of products for a highly competitive price range. If you are planning to invest in properties, and you are confused to decide which product to purchase, the. Mohali is the right marketplace, where you can have different varieties of properties.
You can explore different types of commercial properties: co-working spaces, land-based properties, lease-based properties, rental properties, and residential properties. If you want to know more about these projects in detail, you can connect with “Property Scroll” – A Leading Real Estate Brand in Tri-city.
Reasons Why Mohali Is Becoming A Real Estate Hotspot
However, Mohali City is known for various reasons when it comes to real estate development and infrastructural growth. However, these top 10 reasons hit the list of priority.
1. Attracting Skilled Workforce
One of the biggest reasons behind a sudden rise in demand for real estate products in Mohali is the migration of skilled workforce to the city. Because of the development of an IT hub in the town, people from different cities and even countries are settling in Mohali. They are willing to invest in the city to have a comfortable commutation to their respective workplaces. This need-based purpose has changed the scenario, and has increased the demand for commercial and residential properties.
2. Commercial & Residential Development
In the past three to four decades, Mohali has developed various sectors and areas within its territory. The top-notch builders and relators are putting their brand name, capital, expertise, and experience into the overall growth and advancement of the city. They are coming up with different types of commercial and residential property projects in the town in different budget brackets, plot sizes, locations, and features.
3. Development Of IT Hub
One of the biggest attractions in the city is its promisingly developing IT sector. The city is turning into an IT hub offering various business and job opportunities to the citizens and outsiders. The IT sector has attracted foreign direct investment in the city, resulting in more commercial offices and setups. It also urges the urgent need of residential properties to accommodate these highly-paid professionals.
4. Encouragement To The Modern Lifestyle
Who doesn’t want to lead a comfortable, happy, and modern life while residing and working in advanced residential homes and technically upgraded commercial buildings? Mohali brings all the latest amenities and features to the table to offer you unmatched construction quality and infrastructural development.
5. Government Initiative & Support
The local government plays an important role in building and shaping the future of people’s lifestyles, and how they are going to lead their lives. The Punjab government has initiated different schemes under the Pradhan Mantri Aawaas Yojna, offering affordable homes to the economically weaker sections. In fact, the government has joined hands with various financial institutions to provide easy home loans to middle-class families. So, you can avail of these schemes and get benefited while buying an apartment in Mohali.
6. Higher Rental Income & ROIs
Mohali comes after Chandigarh, India on the list when it comes to the higher rental income and ROIs from a residential property. If you own a flat or any other residential property in the city, you can earn positively better money by renting your property. You can even expect a better return on investment after some time as the market value of your asset will rise.
7. Improved Infrastructure
Tri-city is focusing on improving the infrastructure and providing the best quality homes for the people under a viable budget. All the well-known builders are developing modern-style comfortable homes for better living. The real estate market in Mohali city has raised the bar of standards for residential construction quality. Infrastructural development invites more investors and buyers to that particular location. You can focus on such areas in Mohali that are in high demand for a reason.
8. Reasonable Property Pricing
The Mohali real estate industry always comes up with premium-quality projects with reasonable pricing without compromising on quality. If you invest in 2BHK flats in Mohali, you can expect unmatched quality material used, uniquely designed architecture, high-quality infrastructure, ready-to-move options, a friendly neighborhood, greener zone, social clubs, and many other features.
9. Seamless Connectivity
Mohali is seamlessly connected via airways, railways, and roadways. The international airport is one of the major attractions of the city. You can commute flawlessly, connecting one city to another. It takes only half an hour to travel from Mohali to Chandigarh and Panchkula.
10. Strategic Location
Mohali is a strategic location as it is geographically connected to different cities and sub-cities, like: Chandigarh, Greater Mohali, New Chandigarh, Panchkula, Patiala, and Zirakpur. Its proximity to Chandigarh City makes it a hotspot for investors from other cities. It has various shopping malls, hypermarkets, IT sectors, business towers, hotels, restaurants, and premium retail outlets.
Conclusion
Mohali is considered as the next real estate hotspot in the northern region of the country. It is a growth-oriented real estate market that can incur unexpected returns on investment for investors and buyers. Hiring a professional realtor in the city would be an add-on advantage for you. You can utilize their market experience, expertise, professional links and brand value to create a profitable property.
