Mohali is part of the Tricities- Chandigarh, Panchkula and of course Mohali. It was built as an extension of Chandigarh, to lessen the housing strain on it. Mohali not only shares its border with Chandigarh but also its architectural planning. Officially it is also known as SAS Nagar, named after the eldest son of Guru Gobind Singh, Sahibzada Ajit Singh.Located to the west of Chandigarh, this city has long been under the shadow of its more illustrious neighbor. But not any more! Mohali has finally emerged as a separate city, with an independent identity.
Infrastructure in Mohali has improved a lot, making it accessible from in and around Chandigarh. Basic facilities, power resources and encouraging law and order situation along with a conducive trade environment have bolstered the image of Mohali as the second best option after Chandigarh. Lush greenery, peaceful and cheap accommodation and proximity to the planned city have helped in face lifting tourism in Mohali. Owing to its higher property rates and diminishing space in Chandigarh, a different sect of buyers ranging from employers, traders, residents including NRIs have entered Mohali property market. Mohali real estate has started seeing bullish trends as more and more buyers are investing here.
It is not only the residential property but the commercial property in Mohali is also seeing sunny days. Easy finance, hassle free registration norms and proactive measures by the government has also shown the way for foreign direct investments in Mohali. Even as the government proposes to make Mohali an IT center, many brands have already gone ahead and made sizeable investments giving a boost to the retail sector in Mohali. Even in the wake of marginal price rise, it is a commercially viable option to buy property in Mohali as the city is all poised to embark on a success journey. An investment in Mohali real estate is sure to give a definite leeway to buyers. Upcoming Real Estate Projects A whopping $ 3 billion is being pumped into real estate projects only in Mohali. That itself speaks volumes about the scale of work that is going on to bring this city up to such a level from where it shall be no lesser than Chandigarh.
Suncity Projects Pvt. Ltd. has envisaged bringing a major retail boom in Mohali by announcing a Mega project covering 22 Lac sq. ft. area. The mega projects propose to rent out retail space at 90 INR to 180 INR per sq. ft. a month. It aims to build a Five Star Hotel, a multiplex and a mega shopping mall in Mohali. This will have a Botox effect on the serene yet forward facing neighbor of Chandigarh. Many IT educational institutes and companies like Infosys plan to add more training and development centers in Mohali in pursuance of its dream to be an IT hub.Source: www.indianrealtynews.com
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