
In the past few years, there are many cities in Punjab that have gained prominence in terms of urbanisation and living standards. Mohali is a prominent name among them.
There are various factors that have gone into making Mohali a hot hub for real estate activities.
• It is a planned city on the lines of Chandigarh, and has an international appeal.
• There is an immense focus by the Punjab government to create world-class infrastructure in the city giving a massive boost to the real estate market.
• The demographical profile of the residents is very impressive with vast segments falling in the upper middle class segment.
• The proximity to Chandigarh is another factor that goes in its favour, as many who are working in Chandigarh can consider residing in Mohali.
• Mohali is well connected with the capital and also various cities in Punjab and Haryana.
• Various real estate developers have created residential as well as commercial complexes there already and many more are expected to follow suit.
• A World Trade Center and Nanotechnology institute are being set up.
• Government of Punjab is planning to set up a Knowledge City in Mohali that will be spread over 400 acres, and will house various institutions of higher education.
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