What Makes Kharar Mohali An Emerging Real Estate Destination?

Written by Posted On Wednesday, 11 November 2020 04:11
Property for Sale in Kharar, Mohali Property for Sale in Kharar, Mohali

New housing project like ‘Smart Cities Mission’ and ‘Housing for All By 2022’ is considered as positive initiatives from the side of Government. It is a great initiative for government urbanization and development. As a result, the real estate sector is not just booming in top cities of the country but equally in several Tier-II cities.

Mohali, an adjoined city to Chandigarh is now witness’s great development in the field real estate sector. This city is best known for the high liveability quotient, the influx of IT companies, better transport connectivity, and better choices for commercial investment.

It is sometimes also known as a satellite town in Punjab and a cluster of villages. At present, it has turned a busy commercial end and there are lots of plans that are quickly developing through better efforts from the Greater Mohali Area Development Authority (GMADA) as well as the state administration. Property for Sale in Kharar, Mohali is easily available and offering a wonderful opportunity to the budget concerned people to buy commercial or residential property without any difficulty.

Have a look at the key points why Kharar Mohali an Emerging Real Estate Destination:

Great Opportunities for Investment and Employment

Even known as SAS Nagar, Mohali provides lots of job opening for the residents. The state’s government plans which include 'Ghar Ghar Naukri' allows a number of IT companies and more multinational firms to open their door for better jobs and employment prospects in the upcoming future in Mohali.

Now, it has become a hub for many investors and developers to spend their money in the market. With great land availability and better infrastructure being the key highlights, Mohali has already recognized itself as a striking end for commercial shareholders. A number of business associates and entrepreneurs in large numbers are preparing to venture into this market to make a better operation here. Moreover, the booming retail sector in Mohali is an additional factor that will the demand for real estate demand stable.

Now, the top retails brands are invited by the Connaught Plaza which an important product is offering commercial spaces for investment. Another world-class project known as the World Trade Centre is also taking the realty picture of Mohali as a better option.

High Demand for Residential Property

The prosperous commercial sector of Mohali real estate has resulted in the development of the residential sector as well. Apart from that, the government is offering great support with the help of different housing schemes by the Greater Mohali Area Development Authority (GMADA) is also assisting in answering the demand of residents in Kharar Mohali.

For people who are searching for property options in Mohali, apartments here are offered for an average cost of Rs 3,200 per sqft.

  • The price of a 1BHK home which is around 700 sqft can be purchased at the starting cost of Rs 25 lakh.
  • 2BHK Apartments having the sized at 980 sqft is available at an average cost of Rs 30 lakh.
  • 3BHK Apartments sized at 1,200 sqft have a normal cost of Rs 35 lakh while the cost of the luxury apartments sized in the middle of 1,500 sqft to 2,000 sqft range somewhere in the middle of Rs 80 lakh and Rs 1.3 crore. You can give rent for the single 2BHK residential properties set up from Rs 15,000 per month.

The prime localities in Mohali are Sector 115 Mohali, Sector 126 Mohali, Zirakpur, and Mullanpur. They are demanding great demand for various housing projects. The localities have even noticed a good cost of appreciation in the last few years. Yet more areas that demand investing in are the airport road, Gazipur, and even GMADA Aero City.

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Anurag Gupta

Anurag Gupta is an esteemed member of RealEstateIndia.Com, one of the trusted real estate portals in India. He keeps sharing his extensive research in the field of real estate through his insightful articles.

https://www.realestateindia.com/

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