MOHALI- An upcoming residential hub

by Rahul Bansal Writer Mohali which was earlier known as Ajitgarh is adjoining to Chandigarh in Punjab, India. Mohali which is well known for its commercialization is now becoming an up-coming residential hub. The reasons for Mohali becoming a hotspot for investment in residential properties are as follows:-

NEW VENTURES IN THE LOCALITY

• Mona Township has come up with the residential project Mona City situated in Kharar Landran Road, Sector 115, Greater Mohali. The project offers you with skillfully crafted apartments and independent plots with all the facilities and modern amenities like meditation center, club house, sports facility, gym, lush green garden and kids play area, water plant, sewage treatment plant and car parking. Mona City 3BHK apartments are priced in the range of Rs. 34.5-34.51 lakhs.These residential apartments are in proximity to international airport, railway station, hospital, ATM and other important areas of the locality. Their possession will start in December 2016. 
  

• Ireo Rise is the residential project started by Ireo Developers located in Mohali, Chandigarh. The project offers you spacious apartments at very affordable prices with all the civic facilities. The 1BHK, 2BHK and 3BHK apartments will be priced in the range of Rs. 37-65.97 lakhs. The amenities that will be provided by the group are multipurpose hall, kids play area, Gym and swimming pool. The possession will start in May, 2015. 
  

• ATS Casa Espana, the ongoing residential project by ATS Group is located in Sector-121, Mohali, Chandigarh. With price range between Rs. 90.1 lakhs -1.24 crores for 3 BHK and 4 BHK apartments, the group aims to provide safe and secure luxurious living with the amenities like power back up, car parking, garden area, rain water harvesting, club house and garden area . The project’s possession will start in December, 2016. 
  

Price trends

According to 99acres.com the price trends of apartments in Mohali, Chandigarh have been appreciated by 14 percent in just one quarter in 2014. The prices have gone up from Rs. 3300 per square foot in quarter 1, 2014 to Rs. 3750 per square foot in quarter 2, 2014.

INFRASTRUCTURE

• The international airport is the recent infrastructural development in Mohali that will be completed in 2015. 
  
• Mohali is the hub of all the renowned companies like Philips, Dell, SCL and many others. The presence of state local companies like Godrej Group, ICI Paints and others have resulted in the growth of the residential market in Mohali. 
  
• SAS Railway station connects Mohali to different parts of the country like Ambala, Ludhiana, and Delhi, to name a few. 
  
• Metro rail which will run from north to south will go up to Mohali, making it easier for the locals to connect them to the important areas of the locality. 
  
• Mohali’s road network includes 52 km of national highway and 1272 km of state highway. 
  
• Knowledge City in Mohali is well known for some famous educational institutions like National institute of Agriculture Food Biotechnology and National institute of Nanotechnology. 
  

CONNECTIVITY

With upcoming metro, international airport and good road network, locals of Mohali enjoys good and easy connectivity to hospitals, educational institutions, entertainment zones, malls, multiplexes, banks and other important locations.

FUTURE PROSPECT

Mohali is an upcoming residential locality adjacent to Chandigarh. Many new residential projects are coming up in this locality as a result it is beneficial to invest herein. The commercialization and steady infrastructure developments has led to an appreciation of residential properties.

Author Bio:- Aakanksha Pasricha writes for 99acres.com. She has been writing for the real estate developments happening in different parts of India. When she isn’t writing she browse around the high streets as she definitely has an eye for details. You can visit her @ G+

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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