Factors That Make Mohali an Ideal Place for Setting up A Residence

Posted by Vinay Kumar Singh on May 22nd, 2018

Located adjacent to Chandigarh, Mohali is a rapidly flourishing city that houses the offices of several highly renowned IT and Telecom companies giving employment to a large number of people and attracting many migrants to the city. As a result, this city has emerged as one of the most popular sites for setting up a residence in the country. Some of the factors that make Mohali an ideal place for setting up a residence are: 

  • The current property prices prevalent in Mohali are relatively much lower in comparison to the other prominent cities of North India, such as Delhi, Chandigarh, Gurgaon, Noida and Faridabad. People get to purchase a spacious 3 BHK apartment in Mohali at a reasonable pricing, while these lavish residencies are extremely highly priced in the larger cities of North India. In addition to this, due to the consistent economic growth and infrastructural developments happening in this city its property prices are estimated to soar higher in the near future, which would subsequently elevate the resale valuation of any real-estate commodity owned here. Thereby, investing in the real-estate of Mohali now would be quite a lucrative option for investors. 
  • With the increase in the number of offices and corporate houses in the city, the employment opportunities available here has also enhanced considerably. The companies operating there are on a constant lookout for qualified and skilled candidates. Due to this reason, relocating to Mohali would be an advantageous idea for both experienced workers and young professionals looking for superior career prospects. As such there is always a high demand for residential properties.
    While being a city that is taking giant leaps towards modernization, the pollution and population levels in Mohali is comparatively much lower that many other North Indian cities. The residents of this urban destination do not have to suffer from health problems due to smog and pollution, or face the troubles of extensive traffic congestion. As a result many people are now opting to shift base to Mohali and buy residences there
    The socio-economic infrastructure is absolutely exceptional, and it houses numerous state-of-the-art- healthcare and educational facilities. Renowned education institutes present here include IISER (Indian Institute for Scientific Education and Research) and NIPER (National Institute of Pharmaceutical Research), in addition to various PTU associated engineering colleges present across the city. There are multi-specialty hospitals as well as specialized Government dispensaries within the city as well. This factor makes Mohali an ideal choice of a residence for a family person.

Where to set up a residence in Mohali? 

With a host of contemporary residences being developed in this city, the most advantageous option for people would be to invest in a lavish 3 BHK Apartment in Mohali that is a part of a modern integrated township. The residential units coming under township projects provide their residents with a plethora of urban conveniences and amenities, and therefore are ideal for millennials desiring to enjoy the comforts of urban living. These townships also feature cutting-edge hi-tech security systems that ensure the safety and security of all the residents.  People interested in setting up their residence in Mohali can visit the websites of prominent real-estate companies of North India in order to know more about the facilities provided by the townships being developed in this city. 

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Vinay Kumar Singh

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Vinay Kumar Singh
Joined: May 30th, 2017
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