Mohali is a city that has grown rapidly in the past 1 year and it is, at present, the best place for property investment. Several new projects are already under development, it is the next IT hub, and there are great investment opportunities.
Mohali is one of those few cities that overcame the real estate complications which took place in the early 2017 and years prior to that. At present, it is attracting several developers to commence new projects in the city. Mohali promises ample space which makes way for rich infrastructure. People who frequently invest in residential as well as commercial properties will be satisfied with the results. Currently, the city promises profitable future for property investments and this is the reason why many are investing in property in Mohali now. Furthermore, from budget to luxury housing in Mohali, home buyers will soon be offered quality projects by the developers. So, if you have been thinking of investing in property, now is the right time to do it in Mohali, and for following reasons:
1. Increasing Real Estate Transaction rate
Despite the real estate complications in 2017, the overall real estate transaction in Mohali increased by 20%. The average monthly transaction was close to ?500 Crores. Further, it is expected that the overall real estate transaction in 2018 will go as high as 25%.
2. Several projects already under development
Currently, there are more than 100 real estate developers active in Mohali in regions like, Kharar, Zirakpur, and Derabassi. These real estate developers are working to meet the ever-growing real estate demands of the city and contributing to the city’s development as well.
3. It is the next IT Hub
After understanding the importance of IT, Government of Punjab has made Mohali one of the leading contenders in the race to be “the next big IT hub”. An area of approximately 45,000 sq. ft. is said to be allocated in the Phase-8 of Mohali. The idea behind this action is to encourage IT entrepreneurs to set their bases in this area. And as of now, it is working. There are several IT entrepreneurs in Mohali’s Phase 8.
4. Great Investment Opportunities
Mohali has begun to develop and there is unlikely to be anything that it will hinder its development as the next IT hub. As a result, real estate developers have become more active and new real estate developers are coming to the city to commence their projects there. It has all the resources it needs to be the next IT hub.
In short, Mohali has everything good going for it. Now it is only a matter of time before the city develops into an IT Hub. So, if you want to invest in a property, now is the perfect time you should do it in Mohali.