Date
09/09/2021
I want to buy:
Real estate has always been a very lucrative sector to invest in. But by the virtue of factors, including urbanization, industrialization, and government initiatives, the Tricity has emerged as a golden opportunity for investors.
Factors like direct connectivity with the industries, high livability and plentiful commercial options have accelerated the growth of the real estate sector in Mohali. The luxury flats in Mohali sell like hotcakes. Here are some basic factors that will help you in understanding the growth of the real estate market in Mohali.
Employment
Chandigarh and Mohali offer plenty of job options to the people related to IT and Electronics. The city has become a hub of IT and multinational companies. The demand for residential space has increased with the increased employment. A good number of real estate companies are investing in Mohali and Kharar for this reason only.
The proximity to Chandigarh is another factor that has inspired companies to develop townships in Mohali.
The Consistently Growing Demand
As we are moving out of the pandemic, the demand for residential properties has surged in big cities like Delhi, Noida and Gurgaon. People are interested in shifting to cleaner and well-organized cities like Chandigarh and Mohali. A lot of builders are ready to cater to this exact residential and commercial demand.
Apart from an international airport, Tricity offers top-class medical facilities, good educational facilities and decent job opportunities to attract people.
Most of the big companies and multinational brands with their branches in Haryana, Punjab, Himachal Pradesh and J&K have their regional headquarters in Chandigarh which makes the city more desirable.
The proximity to hills and balanced climate is another major reason that motivates people to invest in Tricity.
The demand of 2BHK and 3 BHK flats in Mohali is rising like anything.
Bank Loan Rates
The home loan rates are at an all-time low these days. RBI has decreased the interest rates to spur the demand in the real estate sector. Home loans were never that cheaper before and thus it is the right time to take the leap and own the property you always wanted to buy via a home loan.
Well-designed, budgeted projects
The builders in Mohali, Kharar, and Zirakpur have developed townships and projects keeping the end-user in mind. The latest projects conform to green building standards to nature-friendly features and luxury amenities, most of the projects offer a complete fulfilling package.
The development of infrastructure has made way for new locations. As the city is growing, people are getting more options to choose from. Work with the right real estate company in Mohali to take the right decision
NH205 Kharar-Ropar Highway
Kharar-Ropar Highway is great hope for the real estate sector in Mohali. Apart from that, there are multiple new projects that ensure great connectivity to the buyers. In short, this is the ideal time to invest in the city and watch your money grow. Choose the right builder and subsequently the right product to get desired results.
