Five Things That Make Buying Plots in Mohali Beneficial

With an upsurge of development of Mohali as a city, there is an increased demand in owning residential property in the city. The decision to pick the right fit for your needs is quite a tiresome process. Investing in the right residential property can benefit you in the long run and make it an advantage.

Here’s a guide to illustrate the benefits you’ll receive when you buy plots in Mohali.

Attractive prices

The real estate developers are confusing the buyers with infinite options. When there is a choice to fit your need, the prices are skyrocketing. However, if you buy plots in Mohali the prices are quite reasonable and within one’s range. This makes it quite an attractive pick!

Ideally located

Mohali is extremely ideally placed, as it is neither too commercial in nature nor is it too distant all the hot-spots. The location is quite central if one plans to buy a plot in Mohali. The city is planned and is futuristic towards development in the years to come.

Facilities of your dream home

Owning a plot in Mohali, whether in the form of an investment or to build a house of your dreams is not a bad decision at all. It is so because the real estate developers are offering one of the kind facilities whether in the form of gated societies or an independent bungalow. The plots are surrounded by facilities which at times include centrally controlled 24/7 water and electricity back-up.

Pocket-friendly cost of living

Mohali as a city is not expensive for livelihood. One can seek the comforts of a luxurious lifestyle at a pocket-friendly cost. The residents often cherish the benefits of living in a small city with a cosmopolitan culture.

Great neighborhood

As mentioned above, Mohali is well-connected and is ideally located which makes its neighborhood great. It is at a comfortable distance from Chandigarh and Panchkula. Panchkula, Chandigarh, and Mohali are collectively known as the Chandigarh Tricity. Mohali residents can also enjoy the benefits of visiting a hill station on a weekend.

Reasons Why Investing in Commercial Properties in Mohali would be a Prudent Move

The city of Mohali has one of the most flourishing real-estate markets in the North Indian region, making it an ideal destination for people to invest in premium commercial properties here The Mohali district in fact boasts of having the highest number of real-estate transactions in the state of Punjab, as was reported in the year 2017. 

Here are some of the factors that make investing in commercial properties for sale in Mohali a prudent move:

• Mohali holds the reputation of being one of the most rapidly developing North Indian cities. It has over the years emerged as a key hot-spot for Telecom and IT based industries. Owing to this factor, a host of well-known enterprises related to these sectors have chosen to set up their operations in this city. This has subsequently provided a boost to the commercial properties for sale in Mohali, as they enjoy quite a good demand from both startups and established organizations.  Owing to the consistently rising demand of commercial real-estate in the city, by opting to invest in it now, prospective investors can expect to gain a much higher resale value in the coming years.
• The city of Mohali is advantageously located, adjacent to the capital of two of the most affluent states of North India, Chandigarh. And, the property prices and congestion levels in Chandigarh have witnessed a significant rise in the recent years. As a result, many of the companies operating in the region are choosing to move to nearby towns and cities like Mohali. Having a well-developed infrastructure, Mohali has consequently emerged as one of the top choices for entrepreneurs looking for an ideal destination to set up their business in North India. As per some of the most reliable and renowned builders of the country, Mohali in fact has all the important infrastructure and facilities that are present in a top-tier city.
• Even though Mohali is a consistently developing city, its property prices are significantly lower than the ones prevalent in several prominent North Indian cities, including Gurgaon, Noida and Delhi. As a result, this city provides people with a great chance to invest in properties without burning up all their savings.  This urban destination aids investors to enjoy higher returns on relatively smaller investments.

People interested in investing in commercial properties for sale in Mohali can easily check out the websites of some of the most prominent real-estate companies operating in North India.

Biggest Advantages of Residing in Villas Over Apartments

For people living in large urban hubs of the country, finding a house that is secluded from the noise and pollution prevalent there becomes extremely difficult.  Most apartments and flats present in large cities are ideally in areas surrounded by busy streets where the honking of vehicles and calls of street vendors are a common feature. And, this commotion is something that most people despise. This is as such, one of the biggest reasons why villas are still a primary choice for residence among modern home buyers, as opposed to apartments.

In today’s world however, many people are forced to opt for apartments in densely populated cities, owing to the high property prices and space crunch prevalent there.  Independent villas however remains the prime choice for setting up a residence among homeowners in less congested, tier II and III cities of the nation. In comparison to the metros, the property prices prevalent in these cities are much lower. Therefore, home buyers get the opportunity to enjoy the serene atmosphere and privacy that comes with an independent house, by choosing to purchase a villa in Mohali, Vishakapatnam, Jaipur or any other such small but cosmopolitan city.

Some of the biggest advantages of residing in villas over apartments:

• Privacy: In case of apartments, multiple families live in close quarters in a single building. Therefore, it becomes extremely difficult to get a certain level of privacy or freedom there. Any loud argument or conversation can be often overheard by the neighbors in case of apartment buildings. Such problems are however not prevalent in villas, as in their case even the closest neighbors would be located at least a few yards away. In independent villas people would thus get the chance to enjoy the highest level of privacy.
• Spacious:  In comparison to modern compact apartments, villas ideally are much more spacious. They are hence a perfect choice of a residence for people having children or pets, as they would get an ample space to play freely in residential units such as these.
• Future modifications: In case of villas, people can easily choose to build extensions, break down the wall between two rooms to create a larger room or even create an entire extra floor if needed. But people living in apartments or flats get no such liberty.

Villas have thus always been an ideal choice of a residence for home buyers. People looking to purchase a villa in Mohali, Gurgaon, Noida or some other such city should ideally check out the website of any renowned real-estate company that may be working in the region. 

Guide to buying a 2 BHK flat in Mohali

Mohali is also referred to as Sahibzada Ajit Singh Nagar. The city originated as a suburb of Chandigarh, but now has its own identity as a full-fledged city. It is one of the fastest developing cities in Punjab, and its location is also its biggest attraction. Not only is it close to Chandigarh, but even to Panchkula and Zirakpur.

With an international airport now functional in Mohali and the presence of noted higher educational institutions like ISB, the demand for property is witnessing a rise. If you are looking to buy a flat, take a closer look at 2 BHK flats in Mohali. However, there are a few things that you need to know before buying any property.

Search for the most suitable properties

You will find many places where there are flats for sale. But, you need to understand your requirement and choose according to them. You need to select a location that suits you. Today, Sectors 85 and 99 are extremely popular, as they offer major developments in the area and 2 BHK flats are still affordably priced and come with numerous features and amenities to meet the needs of a modern lifestyle.

Do your due diligence

Mohali is seeing a spurt of development and many developers, both renowned and unknown, are building residential projects. So, before purchasing a flat do some research about the developer. Make sure that the developer is experienced and is known to deliver projects within the stipulated deadlines. Also, ensure that the developer owns the title deed, as only then they can sell 2 BHK flats in Mohali to prospective buyers. Make sure there is no legal hassle with the project or property.

Other things to consider

Ensure that the project is as per the approved plan and has received NOCs from the water, electricity, and the land ceiling departments. Find out which banks are financing the project to check whether you can get a more affordable home loan from them rather than your own bank. Finally, make sure that the contract contains everything you and the developer agreed to, so that there is no room for misunderstandings later on.

This guide will surely help you find the right apartment for your needs in Mohali. After you get possession of the flat, make sure you register the sales deed.

Things to Keep in Mind While Looking For a Commercial Space in Mohali

Quoted as the next big IT hub by The Times of India, Mohali is emerged as an educational hub for students that welcome numerous multi-national companies and generating employment.  While students here are on the lookout for flats for sale in mohali, investors are fetching for lucrative commercial spaces.

Thus, if you are planning to invest in a commercial space in Mohali, the following things should be kept in mind to make a wise and sensible decision:

Budget

The first and foremost thing that influences your real-estate investment is the amount of budget you are willing to spend. Finalizing your budget can be tricky as you would have to settle on an amount that will fetch you a property that fulfills all your requirements so that you neither have to splurge nor be close-fisted.

Location

Another aspect that you will be able to pay attention towards just after settling down on a budget plan is the location. If you are investing in real estate for commercial purposes you need to be extremely cautious regarding the location as the area should be well-known, reputable, easily accessible and safe. These factors will contribute to the value of your purchase and will yield you good returns in the future as well.

Infrastructure

Infrastructural facilities pay a major role in the day-to-day functioning of a commercial space. And no matter if you are buying the space as your own work space or planning to put it up for rent/lease you would surely need some basic infrastructural amenities like: water supply, electricity supply, proper sewage system, internet/connectivity range, etc.

These are some of the noteworthy things an investor should consider while buying a commercial space in Mohali. 

Advantages of Investing in Residential Plots

A great number of people prefer to purchase residential plots in comparison to already built structures as the value of a plot of land appreciates faster than that of an already built establishment. Owing to the consistent increase in population, the demand for plots of land for residential and commercial use is ever-growing in the country. 

In today’s scenario, investing in plots in the various flourishing cities like Mohali, Ghaziabad, Meerut, etc., can prove to be quite a prudent move. This is primarily because the real estate prices in these cities are comparatively lower, and considering the rapid developments that these places are going through, the prices of properties here are sure to soar up in the near future, giving the buyers a great benefit. For instance, Mohali is pretty much the key focus area for real estate investments now, as the city is undergoing rapid developments and its socio-economic infrastructure strengthening. Also, real estate prices here are still much lower in comparison to many other large North Indian cities like Delhi, Chandigarh, and Gurgaon. However, in the coming few years, the property prices of Mohali are expected to increase considerably, owing to its rapidly developing infrastructure and the availability of many employment opportunities. As a result, on investing in residential plots in Mohali, buyers can always expect excellent returns on relatively small investments in the city.

Buying residential plots offers a host of advantages, some of them being:

· Maximum flexibility: Having a residential plot to build a home is essentially all about the freedom one gets while planning for and deciding upon the key elements of the residential unit. They can decide on the expanse of the garden, size of the rooms, number of balconies, and other such important elements as per their requirements and the need of their family members.

· Low risk: Being a tangible asset, a plot of land tends to carry minimal risks from an investment perspective in comparison to bonds or shares. Plots located in flourishing areas ideally fetch extremely high returns on investments, as unlike built structures, their valuation does not depreciate with time. 

People looking to buy residential plots in cities like Mohali, Faridabad, Ghaziabad etc., can always explore the websites of the prominent real-estate companies that primarily focus on these areas and have launched mega residential projects here.

Here’s why it would be wise to set up residence in Mohali

Mohali is one of the most flourishing cities of Punjab. This city has witnessed a rapid growth in the IT and Telecom sector, and quite a few well-known companies have set up their offices here. This has given a substantial boost to the economic growth of the city. The State Government is also taking distinct steps so as to improve the infrastructure of Mohali.

Listed below are some of the reasons that explain why it would be a good idea to invest in luxury flats in Mohali:

· In spite of being a rapidly growing modern city, the pollution levels, as well as the population in Mohali is considerably lower than most big North Indian cities. One does not have to spend hours stuck in traffic congestion or cope with health problems occurring because of high pollution while living here. Residents of Mohali enjoy the benefits of modern urban living, while being quite close to nature.  

· Owing to the presence of numerous renowned companies here, the employment opportunities have increased to a great extent in Mohali. These companies are always searching for trained and skilled employees and so it would be a good place to seek job opportunities for young professionals.

· The property prices in Mohali are comparatively lower than most of the other major North Indian cities, such as Noida, Ghaziabad and Delhi. Therefore, one can still buy a luxury flat in Mohali at a comparatively affordable price range. In addition, due to the city’s booming infrastructural and economic development, the property prices here are expected to increase in the near future and this will in turn increase the resale value of any real-estate commodity owned here.

A person can choose to live in an integrated township in Mohali as these townships offer all kinds of contemporary amenities. Some of the points to keep in mind before investing in an apartment that is within a modern township in Mohali are explained below:

· It should be a gated community which offers round-the-clock multi-level security so as to ensure the security of the residents.

· All the structures within the township should comply with the Seismic Zone IV design necessities of the area, to ensure the safety of the residents.

· It should be situated at a central location that is not too far away from the most vital landmarks of Mohali, such as the cricket stadium.

One of the best areas to set up residence in Mohali would be in the Sector 85 area, as it is situated right at the foothills of the magnificent Shivalik Range. And, to get more information about the townships that have been launched as well as developed in this area, one can check out the websites of the leading real-estate developers who have been working in this part of the country.