Tuesday, 24 April 2018

Reasons to Buy Commercial Property in Mohali

Mohali is a planned city located in the state of Punjab. In recent years, it has seen exponential economic and industrial growth following the liberalization of the Indian economy in the nineties. It is one of the major business and commercial hubs of northern India and lies adjacent to Chandigarh. It forms the Chandigarh Tricity region along with Panchkula, which is another satellite city of Chandigarh, the capital of Punjab and Haryana. 

Mohali has, over the past decade, emerged as one of the most important cities of Punjab and of northern India as a whole. It is developing into a hub of the information technology (IT) sector in the state. The state government too has devoted much effort into making Mohali one of the best places to live in in Punjab. All of this has resulted in many businesses and companies from around the country and the world setting up their operations in Mohali. As a result, there is a rising demand for premium commercial real estate in the city and renowned property developers are building state of the art real estate projects in and near the city. 
Some of the reasons why you should consider buying retail or office space near Sector 85 in Mohali have been listed below for your convenience.

  • Commercial real estate is an excellent investment option as it offers higher returns than residential property. Both rental returns and capital gains are higher in case of commercial property.
  • Property prices in Mohali are more affordable than in the major cities of north India such as Noida, Delhi and Chandigarh. This means you can purchase world-class commercial space in Mohali even with a relatively tight budget.
  • Mohali is experiencing rapid economic and industrial growth, which means that investing in the city could be lucrative in the long run. Property prices in Mohali are bound to rise as the city develops further, offering you the opportunity to earn excellent ROI.
  • Setting up a business in Mohali can be beneficial as the city is yet to become as crowded and congested as the metros. Hence, the competition is lower, offering higher chances of success. Additionally, Punjab is one of the most affluent Indian states with a lot of disposable income, which means that the residents would be better able to spend on whatever product or service your business is offering.

These are some of the reasons why you should consider purchasing premium retail or office space near Sector 85 in Mohali, one of best locations in the city.

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