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17 Dec

By Balvinder Singh Kalra

Category: blog

Prospects of Buying a Residential Property in Mohali No Comments

Prospects of Buying a Residential Property in Mohali

The real estate is booming in Mohali and the prospects of buying a residential property in Mohali are significantly good in all aspects. Winters are indeed the best time to invest in property or buy a 3BHK flat in Mohali. A lot of deals and offers are introduced by the builders at the year-end. Buying a residential property at this time ensures great price, prodigious ROI and best locations.

Mohali is the second-fastest-growing city in Punjab after Chandigarh and is offering a hoard of opportunities in the residential sector. The recent and upcoming developments in the city are garnering the attention of not only the nearby residents but of NRI’s and investors as well.

The excellent infrastructure, clean-unpolluted air, robust connectivity and great residential sites are attracting a vast number of people to buy 3BHK Flats in Mohali. The home-seekers love to buy a property that is beautiful and is close to the Shivalik Range. Due to the abundance of land options, people can look out for residential plots or 3BHK flats in Mohali as per their convenience.

Here are some things that you need to assure before buying any residential property in Mohali.

1.     Flat, Floor or Plot

It is always better to know the type of residential property where you want to live. The trend is shifting from high rise apartments to low rise floors. Having a 3BHK builder floor in Mohali will give you ample privacy and independence. In apartments, you have to share your vicinity with other flats on the same floor. After the demonetization, the buyer’s interest has shifted largely from plots to quick possession properties.

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2.     Location

With the coming of many MNCs, IT sector and development aid from state authorities, the residential sector in Mohali has been witnessing reverberations. Most of the home-buyers prefer to live close to the area of their workplace to reduce their commuting time. The mushrooming of the commercial sector in Mohali is having a positive impact on the residential prospects. The state government is also taking measures to make Mohali- a smart city falling under the smart city project of the central government. So, the location of Mohali is favorable in all aspects of business, weather and employment opportunities.

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3.     Amenities

A lot of top-notch Universities and Medical colleges, world-class healthcare centers and blue-chip companies are planning to make a venture in Mohali. Mohali boasts of offering top-class medical facilities (MAX and Fortis Hostpitals), sports complexes (Golf, hockey and cricket stadium) and cinemas (PVR, iMAX).  So, it’s high time to buy a 3BHK in Mohali before the prices are hiked again.

4.     Background Check of the Builder

Thorough research on the credibility of the builder and government clearances/approvals of the project should be conducted. Look out for the builder’s past projects, the delivery time frame, quality of constructions and fittings, etc. The project must be RERA approved.

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5.     Price Offered

The prices of the residential units are hiked once it gets completed. It is always better to buy an under-construction or close to completion property.  The builder may bend the prices if he feels that the buyer is keen on investing in his project.  Enquire about the prices offered in the nearby areas and then negotiate the amount with the builder. The negotiated price should be mutually appealing to both the builder and the buyer.

6.     Security, Parking and Store

There are only a few residential units in Mohali that are offering a really good parking space for two cars. Most of the millennials in the Mohali have both spouses working. So, it becomes unmanageable with space for only one car parking. Moreover, there are many things in a home that needs a proper storage space such as groceries, extra furniture, etc. A commodious store is a solution to all these problems. When you are planning to buy a residential property in Mohali ensure proper security of the area, a spacious store as well as car parking. These things are often ignored while you are on a home-hunt spree. It’s better to vet before rather than regretting later.

The buyer needs to be smart and well-informed before zeroing in on any decision. Canvas, Wave Estate is offering grandeur 3+1+1 BHK builder floors in the prime location of sector 85, Mohali. The floors are adorned by quality construction, professional fittings and outstanding interiors. Investing in Canvas offers excellent returns for future and posterity.

Thinking of buying a flat in Mohali? Consider Canvas. Call us today at +91-97001 97007 or you may also email us at [email protected]. For more details and tech-specifications visit

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Balvinder Singh Kalra

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