Mohali, officially known as SAS Nagar, has rapidly transformed from a satellite town of Chandigarh into a thriving urban hub. With its strategic location, robust infrastructure, and thriving IT sector, Mohali has become a real estate investment hub. The article below discusses the real estate trends in Mohali today and provides tips for homebuyers and investors.
Overview of Mohali’s Real Estate Market
The property market in Mohali has witnessed significant growth over the past few years. Factors contributing to this surge include:
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Strategic Location: Proximity to Chandigarh and excellent connectivity via road and air make Mohali an attractive destination.
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Infrastructure Development: Projects like the upcoming metro connectivity and the Smart City initiative have enhanced the city’s appeal.
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Economic Growth: The establishment of IT hubs and industrial areas has spurred job creation, leading to increased housing demand.
Current Real Estate Trends in Mohali
a. Residential Property Demand
The demand for residential properties, especially 3BHK and 4BHK apartments, has seen a notable rise. They are looking for big houses with modern amenities. Independent floors and villas are also gaining popularity among buyers looking for privacy and luxury.
b. Price Appreciation
Property prices in Mohali have appreciated significantly. According to recent reports, areas like Sunny Enclave and Sector 126 have witnessed price hikes of over 125% in the last three years. This trend of growth indicates a robust and growing market.
c. NRI Investment
There has been a 30% increase in NRI investments in Mohali’s real estate sector. The city’s modern infrastructure, coupled with its cultural ties, makes it an attractive destination for the Indian diaspora.
Emerging Localities for Investment
Several localities in Mohali have emerged as prime spots for real estate investment:
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Aerocity: Proximity to the international airport and proposed metro stations make it a sought-after location.
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IT City: With the presence of tech parks and commercial establishments, IT City offers both residential and commercial investment opportunities.
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Sector 65: Developments like Beverly Golf Avenue have added to the area’s appeal, offering luxury living options.
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Sunny Enclave: Known for its rapid development and affordable housing options, it’s attracting a mix of investors and end-users.
Factors Driving the Real Estate Boom
a. Government Initiatives
The Punjab government’s supportive policies, including tax incentives and infrastructure projects, have played a pivotal role in boosting the real estate sector.
b. Economic Indicators
A stable economy, increasing employment opportunities, and rising disposable incomes have led to higher purchasing power among residents, fueling property demand.
c. Technological Integration
Developers are incorporating advanced technologies like virtual reality tours and AI-driven customer service to enhance the buying experience, attracting tech-savvy buyers.
Tips for Prospective Homebuyers
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Research Thoroughly: Understand the market dynamics, price trends, and future development plans of the locality you’re interested in.
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Verify Credentials: Ensure the developer has a good track record and the property has all necessary approvals.
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Consider Future Growth: Invest in areas with upcoming infrastructure projects, as they often yield higher returns.
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Seek Expert Advice: Consult real estate experts or agents familiar with the Mohali market to make informed decisions.
Conclusion
Mohali’s real estate scene in 2025 offers ample opportunities to homebuyers and investors alike. With its strategic location, robust infrastructure, and supportive government policies, the city is poised for sustained growth. Whether it is an investment opportunity or a dream house, Mohali has it all in between affordable and luxury.