Property in Mohali
Mohali has emerged as one of the most promising investment zones near Chandigarh. The city has seen an increase in demand for real estate post the announcement by the Punjab Government of land allotments to Information Technology (IT) companies in the Information and Knowledge City in Mohali. This announcement has boosted the real estate sector in Mohali, which was suffering from the slowing economy. The new IT City in Mohali has led to the revival of the real estate market in Mohali
Mohali was renamed Ajitgarh in 2012 after Sahibzada Ajit Singh, the eldest son of Guru Gobind Singh. The city is also called to as SAS (Sahibzada Ajit Singh) Nagar, and is a part of the Chandigarh Tricity. The city was initially developed to take the housing strain off Chandigarh; however it has slowly emerged as an upcoming IT destination in Punjab.
Mohali lies to the south west of Chandigarh, and is known for its famous cricket stadium which sees many international matches. The city also has a number of renowned schools and colleges. It is also the home of Indian School of Business, one of the best management schools in India. The area has seen an increasing interest from developers like DLF, Uppal, Omaxe, Parsvanth, TDI, VERA, Sushma, and Ansals. Some of the popular projects in the area include Vera Lok Awas and Joynest MOH 1. The residential projects are affordably priced and host a number of amenities for home buyers. The new Residential projects in Mohali have kids’ play area, community centre, shopping areas, ATM, and more, so you never have to move out of your home.
With Chandigarh reaching saturation point, buyers are moving towards Mohali as the next real estate market. The city boasts of excellent infrastructure and is well-connected to surrounding areas via a strong network of roads, rail, and also boasts of an international airport. Future developments in the area include an upcoming golf course, proposed metro rail between the Secretariat and Aerocity, the City Centre and the Habitat Centre. These actors have had an extremely positive impact on the real estate trends in Mohali. These have made the city one of the most favourable investment destinations for both local investors and end home buyers.
The city has seen excellent connectivity with Delhi NCR, Punjab and Haryana, which makes it an ideal investment destination for home buyers. So if you are looking for investing in property in Chandigarh Tricity, Mohali is the best option. With the upcoming IT Park, and a number of commercial spaces, investing in the city will surely reap excellent returns.