Mohali will soon be able to boast of world class infrastructure since
it will soon host the IPL matches. NRIs are therefore eager to buy property
here. The town's proximity to Chandigarh is a booster to its real estate
sector. People, who want to elude from the hustle - bustle of Chandigarh
find a refuge in Mohali, which offers equally good infrastructure at
affordable prices. Ashish from Acres and Acres property firm feels that
Mohali and Chandigarh
properties are already sought after. He says that all Punjabi NRI s
and others who work in Chandigarh and neighbouring areas like Bhatinda,
Ludhiana and Amritsar want to settle down in Chandigarh.
Since property is becoming scarce in Chandigarh and this is driving
people to neighbouring areas like Mohali. The current plot values ranges
between Rs 27, 000 and Rs 32, 000 per / sq yards. Ashish predicts that
this value will only escalate further. "Land prices will only go
up. IPL has added a tinge of glamour to Mohali. Already people wanted
to buy land here and now lot of developers and big groups will further
pick up land banks here. Another real estate agent, Sameer Mehan says,
"Mohali is what Chandigarh was ten years ago. The local infrastructure
and real - estate are undergoing a make - over there. And IPL is just
an icing on the cake. It will do wonders for the realty segment there".
The coming years will definitely increase the NRI investment in the
town.
