Mohali

Mohali lies to the west of Chandigarh and is its satellite city. This city was conceived and developed as an industrial township in the early 1970s. The city is being rapidly developed and also provided a distinct image. Following the success of Chandigarh's sector design, Mohali was also designed based on the sector design of Chandigarh.

The city has also been planned into identical 800 X 1200m sectors. Sector 62, will be host to the commercial City Centre. The city's proximity to the PCA Stadium, and fast transportation links to Chandigarh make it a suitable choice for realty investors. According to the master plan of the city, the city will have 114 sectors.

Large open spaces and fast industrial development, together with an established population base and its easy connectivity to other cities has made the city an ideal realty investment location.

Residential Real Estate
The residential areas in the city are being changed with development of multi-story apartments, villas and luxury flats. Prices of properties in different phase and sectors are on the rise. Luxurious villas are being constructed keeping the NRIs in mind. These luxury residential properties have all the amenities and facilities and as a result have invited significant investments from NRIs all across the globe.

Commercial Real Estate
The ever rising income of working population because of better job opportunities has lead to an increase in demand for commercial real estate in Mohali. The new commercial projects like malls, multiplex, amusement parks have enhanced the economic potential and spurred real estate revival in the area .

Leading real estate developers are constructing a five- star hotel, three-star hotels and two world-class hospitals. This has further escalated the commercial estate prices in the city. Proximity to Chandigarh is another reason why the real estate prices in the city are increasing with each passing day.

Industrial Real Estate
The city is host to a number of large domestic and multinational companies and with the ongoing urbanization, it has become the preferred location for many IT companies. The reason being the city's proximity to Chandigarh, which is also emerging as another IT hub after cities like Bangalore, Chennai, Gurgaon.

The rising demand is also increasing the prices of the industrial land. This makes it lucrative for international investors to make investments in the land, since it will provide a good return on investment.

Real Estate Development
Mohali property prices do not exhibit concrete trends but the stadium that has been Mohali's claim to fame has turned the surrounding areas into site for prime deals. Real estate developments like Grade A office spaces, world class retail spaces, libraries, town halls, museums, and all other city facilities, as well as entertainment facilities are on the anvil in Mohali. This initiation of the administration and real estate growth will definitely make Mohali one of the hottest investment destinations.