subject: Buying Property In Mohali A Remunerative Option With Good Roi Value [print this page] The city Mohali was built as an extension of Chandigarh, where you the demand for the residential properties in Mohali at the highest rate. It is the part of the tri cities i.e Chandigarh, Panchkula and Mohali. This city is known to be the SAS Nagar, and is named after the eldest son of Guru Gobind Singh, Sahibzada Ajit Singh. This city is well located to the west of Chandigarh.
Owning property in Mohali is another best option after Chandigarh due to the basic facilities, power resources as well as availability of lush greeneries, peaceful and cheap accommodation as well as proximity to the planned city. It has been observed that due to the higher property rates as well as diminished space in Chandigarh, buyers from different sections like employers, traders as well as residents including NRIs are entering the Mohali property market.
A large number of developers are seen to be investing their huge amount in properties in Mohali. Apart from the residential property, the commercial property have also seen to be flourishing in this city. Certain report suggests that due to the high scale of work with real estate Mohali project of $ 3 billion have resulted to bring this city to such a new level which will no lesser than Chandigarh.
One of the developer Suncity Projects Pvt. Ltd. has announced 22 lac sq ft area of the Mega project which has resulted a boom in the residential properties in Mohali. This mega projects propose to rent out the retail space at INR 90-180 per sq ft. a month. Due to the ever increasing tendency towards the realty prices, it is a rewarding decision to invest in the commercial property Mohali. With the sky touching price of the commercial property in Mohali it definitely yields a great Return on Investment.
According to Srikant Verma from ATS Infrastructure, there has been a 20-25% rise in the number of transactions and queries. Some of the upcoming residential properties in Mohali comprising of Ansal Housing, Surya Towers, Aero Homes, Savitry Greens, Trishla City, Sushma Grande as well as Nirmal Chhaya Towers are few of the upcoming residential projects that offers apartments from 1 BHK to 5 BHK. Vinod Kumar, a property dealer from the VK Estates stated that most of the apartments are already sold out and are available with premium of more than 15%.
Compare to the upscale localities of Chandigarh, the current capital values of the apartment ranges from Rs 2,500-4,000 per sq ft. The construction work of all the new projects is almost a great speed and the possession is expected to be enhance further. Apart from the residential Property in Mohali the retail as well as commercial sector of this region is has seen to be expected a paralleled growth. In terms of the commercial projects, certain projects like Apple Heights, Ralgan Infrastructure, Hollywood Plaza, Sushma Chandigarh Infinium, Ashirwaad Commercial Complex etc are thereby offering Grade A commercial office space to the corporates.
Thus last but not the least, the data showed that the city Mohali is expanding with each passing day and it has become easy for the people to build their home depending upon their choice. The main reason why this city is flourishing is that numerous companies are being housed over here. For example, Quark Media, ICI paints, Punjab Tractors Ltd, etc
by: Subhash sharma
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