Mohali-chandigarh: Flourishing Local Economy Triggers Real Estate
Just like most of the other property hotspots developments on the commercial front has triggered residential property segment in Mohali as well. Influx of highlypaid professionals employed by the business giants operating here has rather translated into upbeat markets and the impact is quite visible. According to industry sources capital values for residential plots in prime locations increased by 50150 per cent from 200406.
Locations near commercial hubs command more value. Most of the transactions take place due to corporate executives who prefer buying their own property instead of paying rent a property broker informed describing the buyers profile. Also NRI investors who were earlier interested in Chandigarh are now considering Mohali. Currently capital values for a residential plot in Mohali hovers between Rs 12000 and Rs 35000 per sq. yard.
Observing investor interest in Mohali a slew of prestigious real estate developers have also launched luxury housing projects of late. Ansal API has been developing Golf Linksan integrated township comprising luxury villas condominiums penthouses and plots. The project will also have Ansals benchmark Palms Country Club and shopping mall. Says Kunal Banerjee President Marketing Ansal API Mohali is a fast growing real estate destination and there exists a good demand for quality residential properties.
Other major realty players like Unitech and Emaar MGF have also been putting stakes in Mohali with their projects. Pearls Infrastructure is developing Pearls City an integrated township near KhararBanur Road in sector 104. The 200 acre township by Taneja Developers is another mosttalked project in the town. The independent expandable villas senior secondary school club and recreation centre hospital and five star hotel located on main MohaliKharar Highway.
Meanwhile the real estate developers keep their fingers crossed over the future prospects of Mohali they also feel that infrastructure development and progress on commercial fronts will play the most critical role in the development of residential real estate at this emerging hotspot.
For more details on Chandigarh Real Estate log on to magicbricks.com
About the writer: George Gonigal provides you the best and latest information on Chandigarh Real Estate Developers if you want to Buy Apartments in Chandigarh. he suggest you log on to magicbricks.com
Related posts:
