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Why is MOHALI a preferred location for buying a home?
14 Aug

By Balvinder Singh Kalra

Category: blog

Why is MOHALI a Preferred Location for Buying a Home for the Neighborhood States? No Comments

Why is MOHALI a Preferred Location for Buying a Home for the Neighborhood States?

Over the last decade, Mohali is the most sought-after place for the investors and homebuyers in India as well as abroad. Mohali, better known as Shahibzada Ajit Singh Nagar (SAS Nagar), has played the role of a catalyst in the state’s Real Estate Growth. The city is a part of India’s First planned Tricity (Chandigarh, Mohali and Panchkula) is well known for reaping healthy returns in every investment zone- commercial or residential. 

The main reasons which have contributed to Mohali’s exceptional growth potential include the well-established IT sector, easy connectivity with other states, closer proximity to the international airport, Fortis and Max Hospital, renowned educational institutions, Quark city, HDFC Corporate Office, etc. The presence of lush green spaces and lakes, awesome weather and the mesmerizing picturesque Shivalik Range makes Mohali score high on locational index too. This has significantly affected the most subsequent social, economic, and infrastructural growth and has turned Mohali into a preferred residential hub.  

Diverse Residential Options

The presence of global companies and IT firms in Mohali have opened up a plethora of options for the end-users such as 3BHK Flats in Mohali, independent floors, villas, residential plots, multi-story apartments, builder flats, etc. 3BHK in Mohali is the most preferred choice of the millennials as they want to have spacious homes near their workplace. And having an additional servant room is just like a cherry on the cake. The people are shifting from Chandigarh to Mohali due to more affordable and budgeted options offered by the city.  

Other Investment Zones Around Chandigarh Vs Mohali

Mohali is the sole and the most consistent player in the investment sector offering excellent returns till date and the trend is expected to rise in the future as well. The city has dedicated transport connectivity, Aero city, IT parks, golf course, lush green landscapes, etc which act as the USP of Mohali. 

Reasons to Invest in Mohali

Have a look at some of the key reasons which are responsible for infrastructural developments and act as growth stimulators for Mohali. 

i. Well Planned City

Mohali is considered to be one of the most well-planned cities of North India, after Chandigarh. The city is thoroughly equipped with all modern civic amenities and a robust public transit system which has successfully attracted not only people from neighboring states but NRIs as well.

Read Also: The Benefits of Low Rise Floors

Homebuyers were initially interested in plotted developments but with reputed real estate builders making their way into Mohali, spacious 3BHK in Mohali have garnered the attention of the end-users.

ii. Chandigarh International Airport

The only airport serving the Tricity and nearby areas is Chandigarh International Airport and it is located in Mohali. The airport offers direct domestic and international flights to all major cities around the globe. 

iii. Residential demands from Chandigarh

The current land crunch and rising property prices in Chandigarh have opened the gateways of Mohali for the residents. There is a huge influx of migrants moving to Mohali as it offers them affordable options with easy proximity to Chandigarh and other facilities and amenities.

iv. Mohali SEZ 

Mohali SEZ houses offices of many global giants such as Philips, SCL, ICI paints, etc. Many of the Fortune 500 companies are planning to shift their corporate State office from Mohali to Chandigarh such as Indian Oil, State Bank of India, etc. So, the workflow in Mohali is driving the housing demand exponentially.  

v. Health Sector

Mohali enjoys closer proximity to Fortis and Max Hospitals and direct connectivity to PGI. Significant developments and improvements are going in the health sector in Mohali which include the construction of various hospitals and other health facilities. 

vi. Robust Connectivity

Mohali covers a whooping 1272Km of state highways and 52 Km of National Highway. A metro rail project has also been approved and the work is going on in full swing.  The city offers robust connectivity by road, railways, and air. The new developing sectors of Mohali such as sectors 75 to 88 offer uninterrupted and direct connectivity to all major cities of North India such as Ambala, Chandigarh, Delhi, Ludhiana, Amritsar, Shimla, Patiala, Kangra, etc.

vii. Knowledge City

GMADA aims to develop Mohali into a globally competitive metropolis having a self-built resilience capacity. This will help to sustain the pace of urban and economic development in Punjab and nearby areas. A Knowledge City is being developed across sectors 66 and 82 which will have some premier universities and educational institutes like Ashoka University, Amity University, IISER, National Institute of Nanotechnology, etc. The top B-school in India, ISB (Indian School of Business) has its second campus in this Knowledge City in Mohali. 

viii. IT Industry

The magnificent and flourishing IT industry of this magnanimous city houses campuses of several technology giants including the 50-acre campus of Infosys.

ix. Star Hotels and Entertainment

While the star hotels including Ramada and Radisson add glitz and glamor to the city’s life, there is no dearth of entertainment options as well. The PVR Cinemas and Cinepolis make perfect options for weekend outings with family and friends.

Canvasat85, Wave Estate is a dream house project that is undertaken by India’s most reputed and finest Real Estate developers. The entire project is RERA  approved and is located in the heart of Mohali i.e. sector 85. If you are planning to buy a 3BHK in Mohali, Canvas is the ultimate choice. The spacious and expansive layout of Canvas is just like an ode to Chandigarh’s meticulous architecture. 

The project offers luxurious and spacious 3BHK independent floors with a separate servant room and bathroom. Canvas at Wave Estate is designed keeping in view your class, status, and lifestyle, thereby making it a perfect location for your dream house. 

Book your floor now and experience the natural serenity with picturesque luxurious spaces.     

Contact us at +91 97001 97007 or drop a line at [email protected]

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Balvinder Singh Kalra

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