The real estate sector is booming in metro cities as well as many Tier-II cities in India. Look out for investment in places that are well connected to airports, highways, hospitals, etc.
With the increased urbanization and the Indian government’s initiatives like Smart Cities Mission and Housing for All By 2022, affordable housing has become one of the focal points for India’s real estate. Real Estate developers are investing in different places in different cities. This is the reason many cities are emerging as a real estate market. Situated in proximity to Chandigarh, Mohali is also one of those cities which has plenty of options for residential as well as commercial investment today. Easy connectivity, presence of an international airport, inundation of IT companies, booming retail industry, and good lifestyle are some factors that are contributing to a wide range of real estate projects in the city. Mohali which was originally a satellite town in Punjab is a commercial hub & an innovatively planned city today. The government has plans for its further development.
Greater Mohali Area Development Authority (GMADA) and the state government are putting efforts into the enhanced infrastructure and development of the city. Mohali has now become a lucrative place of investment for real estate developers and commercial investors. Many entrepreneurs and businessmen in large numbers are planning to venture into the market in Mohali. Among the various land parcels, it is difficult to conclude the best place to invest in Mohali. We have listed out a few locations that express high appreciation in property prices in the near future.
GMADA IT City :
Carved out of Aerocity, GMADA IT city has covered a wide area for a housing scheme under the land pooling system and also holds numerous showrooms. The induction of IT companies and other MNCs along with the State Government’s initiatives such as Ghar Ghar Naukri makes GMADA IT city one of the best places to generate good profit out of investment in real estate. Property rates in GMADA IT city seem to go higher shortly due to the new allotments which are arriving.
GMADA sector 76-80:
GMADA sector 76-80 are well-developed localities where the prices of the properties are likely to go high soon. Real Estate investment in GMADA sector 76-80 is reasonable for mid-term as well as long-term investors to make good profits. GMADA sector 76-80 also offers important social amenities such as best in class healthcare centres, schools and shopping malls, retail shops, cineplexes and eateries.
GMADA Sector 88 & 89:
The influx of many new projects ranging from commercial setup, residential establishments and IT infrastructure make GMADA Sector 88 & 89 the localities that are beneficial for real estate investors. New projects with hi-class amenities are planned to come in GMADA sectors 88 and 89.
Leading real estate developers have already started the construction of innovative projects in the locality. Such projects like green living by Bulls Estate will open doors for increased profits from investment in the real estate sector.
Zirakpur:
Zirakpur is one of the most prominent localities which is welcoming high demand and a high number of housing projects. A large number of entrepreneurs, businessmen, and best real estate developers have ventured into this market.
BullsEstate which is the best real estate company in Mohali, Punjab has put in their money in this locality. BullsEstate has come with super luxurious penthouses in Zirakpur. They have built 1, 2, and 3 bhk apartments also in the locality for a high living quotient. They are ready-to-shift projects, however, currently, they are in the under-construction phase and so it can be a good avenue to generate high profits in a shorter period.
GMADA- AeroCity, Gazipur:
GMADA Aerocity has also seen high price appreciation in recent years. GMADA- AeroCity is worth investing locality in Gazipur. This location of Mohali holds profitable deals for many developers and investors to invest their money in the real estate market.
GMADA- Aerocity has witnessed high appreciation in property prices and high investments made by the best real estate companies in Mohali, Punjab like BullsEstate.
Connaught Plaza
The Connaught Plaza is an upcoming project for the investors like retail brands, showroom owners, etc who wish to invest in commercial spaces. Hi-class projects like the World Trade Centre are going to be the major highlights in this area. Such projects will set Connaught plaza as the favorite destination to invest in for commercial investors.
These are some of the best localities to invest in the real estate sector in Mohali. Apart from location, there are some factors too to consider before finalizing your investment in real estate property. These factors include verified property, RERA approval, transparency, and budget.
Get in touch with some of the best real estate companies in Mohali, Punjab to safeguard your investment.
BULLS ESTATE is one of the best structured real estate companies for buying and selling properties in Mohali, one can contact them for profitable residential and commercial properties. They have expert real estate agents to help you invest in the best. Besides, they deal in verified properties, houses and flats only and all the projects are RERA and PUDA approved.