Chandigarh, January 8 (Tarun Bhajani):
The real estate sector in Mohali and its surrounding areas is undergoing a significant transformation. The development of new modern residential colonies, green living spaces, and commercial complexes has made this region a key location on investors’ maps. The real estate boom in this area has attracted not only local investors but also NRIs and national-level investors.
Key Factors Making Mohali a Hub for Investment
- Proximity to Chandigarh
Mohali’s location is the primary factor driving its development. Being adjacent to the planned city of Chandigarh, residents enjoy the benefits of urban amenities. Additionally, Mohali’s prime colonies and complexes have drawn NRI Indian nationals looking to buy homes.
- Developed Infrastructure
Mohali is witnessing the development of highways, an international airport, modern sports complexes (like the PCA Stadium), and state-of-the-art schools and colleges. These developments contribute to offering a high-quality lifestyle in the area.
- New Projects with Modern Amenities
New modern residential and commercial projects are being launched in Mohali and its neighboring areas. These projects include green construction, smart city-like facilities, and 24-hour security, making them particularly attractive to the NRI community.
- Government Policies Supporting the Sector
The Punjab government has introduced specific policies and incentives to encourage new investments in the real estate sector. These include simplifying paperwork, tax exemptions, and relief in No Objection Certificates (NOCs).
- Economic Opportunities and Employment
Industrial development and new business opportunities in Mohali are attracting a growing population to the area. The strong investment scenario in real estate is further bolstered by the rising demand for jobs in the region.
Special Attraction for NRIs
For NRIs, Mohali has become a highly beneficial location, not only for residential purposes but also for investment. Many projects have been specifically designed keeping their needs in mind. Competitive pricing, modern architecture, and promising returns on real estate investments have made Mohali particularly attractive to the NRI community.
Future of Mohali’s Real Estate Market
Mohali’s real estate market offers a golden opportunity for long-term investors. As infrastructure continues to improve and new projects are implemented, Mohali is becoming a leading market for investors.
Given the ongoing boom, it is clear that Mohali is evolving into an ideal city for real estate investment.
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