Mohali – A Premium Real Estate City
In the past couple of decades, Mohali has become a central attraction for business firms, international retail brands, giant investors, and foreign direct investment projects.
The residents of this city have witnessed tremendous transformation in the real estate industry and infrastructure development projects.
You can connect with the best real estate consultant like “Cascade BuildTech” to have insights into this city. Being a prospective buyer or a futuristic investor, you can find different types of commercial, land-based, rental income-based, and residential properties in Mohali and Greater Mohali.
Keep reading further for more facts about Mohali City and its real estate market. Knowing these advantageous factors about this location can help you invest in lucrative real estate deals for unreal ROIs.
Why Mohali Is The New Real Estate Hotspot?
- Affordable Commercial & Residential Property Options
Mohali is among those cities in the North India that offers affordable housing and office spaces to the buyers and investors. You can workout a property or a land space under a wide range.
The city doesn’t only appreciate the premium investors, but it also welcomes affordable home buyers. You can own a house with easy loan schemes. The city grants enough resources to the lower income groups that they can own a house under their budget.
- GMADA Approved Projects
GMADA or Greater Mohali Area Development Authority came into existence in 2006. The ultimate aim of this establishment is to ensure the quality development and sustainable growth of the city and surrounding sub-cities. Any real estate project in Mohali approved by GMADA is an authentic project for investors.
- Government Initiative & Schemes
The state government of Punjab offers different affordable housing schemes for women and lower-income groups to empower them and help them own a house under such government schemes. Government officials run awareness campaigns and publish public notices to inform the general public about these schemes and their benefits.
- Growing AS An IT Hub
Likewise, in the Chandigarh & Panchkula cities, Mohali has become a major IT Hub in the tri-city. Many international IT firms, business organizations, giant retail brands, premium hotels, shopping malls, and other private sector companies are investing in the city. They are generating employment for its citizens and for those coming from other neighboring cities.
- Higher ROI (Return On Investment)
Mohali & its real estate projects promise higher returns on investments in less duration. Being an investor, you can even expect a 100% hike in the value of your property within a couple of years. The city offers better rental income opportunities from commercial and residential properties. You can get highly profitable resale value for your property in the city.
- International Airport
The Mohali City offers an International Airport to its residents for better air commutation worldwide. Investors get attracted to this real estate market because of this world-class airport facility.
- Modern Lifestyle
The city is very close to Chandigarh City, and it offers a modern lifestyle to its residents. You can own a house in Mohali with the latest housing structure, upgraded amenities, advanced features, and easy access to amusement parks, colleges, dispensaries, hospitals, government offices, local markets, public parks, and shopping malls.
- Rental Income
Mohali is a centre spot for working professionals, business owners, retailers, and students. Thousands of people are staying in rented accommodations in the city. Major brands rent a property to run their businesses in the town. Thus, Mohali is a great spot for the higher rental income.
- Strategic Location
Mohali is a strategic location as it is located adjacent to Chandigarh, Panchkula, Greater Chandigarh, and Zirakpur. It runs through busy roads, railways, and an international airport. Mohali offers residential homes, government apartments, residential societies, commercial buildings, affordable land spaces, and independent homes.
- World-Class Infrastructural Development
The city is famous for its world-class infrastructure and features. If you want to taste the luxury, you can invest in Gillco Park Hills in Mohali. Its administration department spends a handsome budget on the market research and infrastructure development program. Easy home & infrastructure loans are available at nominal interest rates. Hire an expert to crack a profitable deal in the real estate sector.
Conclusion
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F&Q
What are signs it’s time to sell a property?
Rising market prices, buyer interest, professional advice, or new developments nearby.
Should I sell before occupancy?
Yes, if prices in your area are growing rapidly, it can maximize ROI.
How do new developments affect property value?
Improved infrastructure or big projects can increase demand and property prices.
What’s a common mistake in property selling?
Selling during a market downturn or without knowing the property’s true value.
Is holding property long-term always profitable?
Not always. Selling at market peaks often provides better returns.