Mohali is one of the most popular real estate locations in the Tri-city. You can invest in premium flats in Mohali under a competitive price range. It is also called Sahibzada Ajit Singh Nagar (SAS Nagar). It came into existence on 1st Nov 1975. Its current population is 2,12,000 and counting, with a total land area of 400 square kilometres. However, the current total population of Mohali district is 10.81 Lakh.
The real estate market of the city is booming, and its land market price ranges between ₹6000 and ₹10000 per square foot. Mohali offers a wide range of real estate products to buyers and investors. This market ensures a higher Return on Investment, a boost in property value, and higher rental incomes. You can invest in commercial properties, land-based properties, rental income-based properties, and residential properties.
Why Mohali Is Best For Living?
Mohali is a neighbouring city of Chandigarh, and it has its own International Airport (Shaheed Bhagat Singh International Airport). The city offers world-class infrastructure with all the modern-day amenities. You can buy flats in Mohali for better living.
It is a blend of commercial and residential sectors. The I.S. Bindra Punjab Cricket Association Stadium is one of the main attractions of the city. Development of industrial areas across the city offers ample opportunities for foreign investments, new business ventures, and job opportunities.
Mohali is becoming an educational hub as it has several government & private schools, colleges, private institutions, and universities that offer a competitive environment. The city is under expansion as GMADA is developing the Greater Mohali with more real estate investment opportunities.
Benefits Of Investing In Mohali City
Mohali is an advantageous location for every investor who seeks significant growth in the value of their property over time. Being a strategic location, the city offers all the modern amenities, advantages, benefits, and technically advanced features that will make your life easy and comfortable. Let’s discuss some of the major benefits one can get after investing in the real estate sector in Mohali City.
- Affordable Investment In Properties
Mohali offers affordable homes and office spaces. You can buy 1 BHK flats in Mohali with all the latest amenities and modern infrastructure within your budget. You can even rent a property that will support your pocket size.
- Capital Appreciation
The real estate market always appreciates after some time. Even if the market is hit by inflation, you can expect a sustainable hike in the value of your property. The real estate market in Mohali is experiencing consistent growth and a hike in the market value of the properties under the RERA (Real Estate Regulatory Authority).
- Commercial Sector Growth
In the past two decades, Mohali has become one of the major epicentres for commercial sector development. Many foreign & multinational companies have invested in the market. IT, pharmaceuticals, network agencies, retailers, and product-based firms are the major contributors.
- Connectivity & Strategic Location
The city offers seamless connectivity and mobility options to its residents. You can travel through public transportation, private vehicles, trains, and by air too. It is a strategic location for investors as it is connected with Chandigarh, Panchkula, Zirakpur, Kharar, Patiala, and other sub-cities.
- Growing As An IT Hub
Many big IT brands are investing in Mohali’s industrial area. It is becoming another IT hub within the Tri-city. Thus, it can be a great investment location for IT people, and other business owners.
- Higher Rental Income & ROIs
You can expect higher rental income and a great Return on Investment in less time, as the real estate market in Mohali is growing at a sustainable pace. It ensures a considerable hike in the value of your property after some time.
- Tax Benefits
Investing in the real estate sector, especially in the commercial retail segment can offer several tax benefits. Even if you opt for a home loan, you can get a rebate in the income tax under the deduction of 80C-80U.
- Quality Lifestyle
You can smartly invest in 2 BHK Flats in Mohali to lead a quality Lifestyle. You can purchase a semi-furnished or fully-furnished flat to accommodate a small or nuclear family. Modern construction style encourages the growth of a green zone.
How to Find Quality Flats In Mohali?
Let’s discuss some result-centric ways to find quality flats in the city. If you follow these tips, you can smartly invest in premium-quality 3BHK flats in Mohali for an effective price range.
- Market Surveys & Site Visits
It is always better to do a personal market survey & a couple of site visits in person to stay updated about the market trends, and have an idea about the actual property. You can also cross-check the neighborhood, surrounding areas, and connectivity options. You can also connect with quality industry professionals to learn about available property options in that locality.
- Online Property Portals
Online property portals are the new way to find & work out multiple property options after exploring a wide range of listed properties and running real estate projects. Some authentic online portals are;
- 99acres.Com
99Acres is a trusted and reliable online property portal that helps buyers and sellers meet online. Here, you can buy, sell, and rent a property by filtering out several options.
- MagicBricks
MagicBricks is one of the leading online property portals in India that provides a common platform to buyers and sellers for the fair trade of real estate properties. It also provides rental opportunities to the owners and tenants.
- Property Scroll
Property Scroll is a well-established online property portal in the Indian real estate market that allows users to find buyers and sellers for the property trade online. It offers various rental properties available in Mohali and other locations.
- Real Estate Agents & Dealers
One of the oldest methods to find a genuine property in the desired location is to connect with local real estate agents and property dealers. They have detailed knowledge about that particular market. They can even negotiate a good buying price for you.
- Social Media Channels & Influencers
Another effective method to work out a qualitative property under your budget is to search on various social media channels of the renowned builders and developers. You can also follow various social media influencers who promote various real estate projects and properties in Mohali.
- Trusted References
Another genuine and workable channel is personal references. It is the most trusted way to find out a property that matches your needs and set a budget. You can consult with your reliable sources living in Chandigarh, Mohali, or Zirakpur to explore the various property options available in Mohali. You also rely on them for a flat for rent in Mohali under a pocket-friendly budget.
Conclusion
The real estate market is a futuristic sector for investors, property buyers, retailers, and individuals who wish to own 1BHK, 2BHK, 3BHK, or 4BHK flats in the Mohali region. If you have any queries, hire a professional real estate agency like “Cascade BuildTech” to work out a quality residential home in Mohali.