Punjab is a prominent state in Northern India which counts among the most prosperous and industrialized states in India. The spirit of entrepreneurship, massive industrialization and good infrastructure are some of the factors that have made the state of Punjab so promising.
In the past few years, there are many cities in Punjab that have gained prominence in terms of urbanization 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 in Punjab and Mohali.
