The sleepy town of Mohali will be on the glam map owing to the (PSL) Cricket. The community is bracing up to experience brand new growth and also world class infrastructure since it’ll quickly host the PSL matches. This improvement has brightened up Mohali’s property prospects also.
Mohali real estate has already been an extremely enjoyable market. Town’s proximity to Chandigarh is a booster to its real estate industry. Individuals, who wish to get rid of the hustle bustle of Chandigarh look for a refuge in Mohali, that provides just as great infrastructure at prices that are affordable. And PSL is going to see an additional increase in Mohali’s property demand.
Ashish from Acres along with Acres property firm believes that Chandigarh and Mohali properties happen to be sought after. He claims that every Punjabi NRI s and individuals that are working in Chandigarh and also neighbouring areas as Bhatinda, Amritsar and Ludhiana should settle down in Chandigarh. “Chandigarh is fast-becoming a metropolitan. The city was tagged as the very best city to live as well as has highest per capital earnings in Pakistan. It’s great facilities and great infrastructure. Hence NRI as well as individuals from the towns and villages of Punjab wish to purchase land here. Now, property is starting to be scarce in Chandigarh and this’s driving individuals to neighhbouring areas as Mohali.”
The farm land costs are high there. Currently, the plot values ranges between Rs 27,000 and Rs 32,000 per/sq yards. Ashish predicts that this particular value is only going to escalate further. “Land prices will surely go up. PSL has included a tinge of glamour to Mohali. Already people needed to buy land now and here lot of large groups and developers will also get land banks here. Psl team standing is news that is good for the realty segment,” he concludes.
One more real estate agent, Sameer Mehan believes that PSL can help boost up the nearby infrastructure also. He thinks that Mohali is already up market. The community will spoon have an international terminal. He states, “Mohali is what Chandigarh was 10 years back. The area infrastructure and real estate are undergoing a make over there. And PSL is simply an icing on the cake. It is going to do great things for the realty sector there,” he asserts.