Mohali to be next reality destination! - by Simarjit Bhogal

Mohali an upcoming high end mega township spread over in an area of approx. 300 acres. It is an upcoming tier-II city located adjoining Chandigarh which is also the capital of Punjab. It is almost an extension to Chandigarh but is now developed as a separate city. After Chandigarh real estate, the investment in Mohali real estate is the most favorable option. Major Indian property developers and property buyers are penetrating into the booming potential of Mohali real estate market. Indian real estate developers are now developing residential and commercial sectors in Mohali. The commercial advancement in the city is conducive to the emergence of residential sector.
This area is fast developing as a great residential destination owing to its seamless connectivity to tricity, quality infrastructure development and very affordable and realistic prices. With the new international airport becoming operational soon, Mohali will be seen as a prospective international property investment destination, just like Chandigarh. NRIs have always had an interest in Mohali’s realty sector and with this new development the city is bound to give a boost to the realty sector here. As it is an International Airport it is expected to see good number of NRIs flying to the city with an aim to invest in in Mohali.
The real estate market in Mohali is prospering fast paced with a substantial increase in availability of plots and projects. The property in Mohali comprising all types of real estate units is a lucrative option for many investors looking at realty projects as an investment choice. The rapid development in infrastructure and addition of excellent facilities has contributed to a substantial hike in property rates in the city that has benefitted investors and will benefit future buyers as well. One can enjoy regular income stream through rental of a property in Mohali. You can also convert your home in Mohali to a serviced apartment that caters to tourists which in turn contributes to the economy of the city by boosting tourism potential.
The escalating demand of real estate sector in Mohali in the recent times is not hidden from anyone. Beautiful landscapes, spacious residential and commercial areas are some of the other attributes of Mohali which has made it one of the most sought after places today. You can have 1/2/3/4/5/6 BHK flats here as per your requirement and affordability. If not the flats, you can also choose to opt for villas or bungalows which are the fulsome and traditional 2-3 storey dwellings with a lavish structure and sprawling lawns.
Since more & more companies are being set up in the IT Park and Industrial area in Mohali and more residential villas and apartments are coming up in Greater Mohali area, investors are looking to invest in both saleable commercial property and housing properties. Mohali, the city, has come to symbolize development in Northern part of India.
And of course, Mohali remains the cricketing destination of the north, with Punjab Cricket Association's celebrated world-class stadium located in the city. For investors, Mohali is turning out to be one of the most-favoured destination in north India. It is a commercially viable option to buy property in Mohali. An investment in Mohali is surely beneficial for buyers.
Real Estate in Mohali comprising both Residential Real Estate and Commercial Real Estate is ready to welcome investors. Buying and Rental of all kinds of properties in Mohali are on a rise with the booming real estate in this region. Moreover, increasing number of residential and commercial complexes, multiplexes, malls, etc. have a very positive effect on the market of real estate in Mohali.
(The author Mr. Simarjit Bhogal, Senior Consultant, MB Infrabuild Pvt Ltd, is looking forward more challenging projects)