5 Reasons to Invest in Real Estate in Kharar Mohali Now
Chandigarh, the meticulously planned city renowned for its clean streets and modern architecture, is witnessing a surge in real estate investment interest. This growth is particularly evident in the rapidly developing suburb of Kharar Mohali.
This surge can be attributed to India’s rising infrastructural development, exemplified by projects like the Bharatmala Project. Let’s explore why Chandigarh, and its neighboring areas like Mohali and Kharar, are emerging as prime destinations for real estate investment.
Soaring Property Values:
According to 99acres.com, apartment rates in Mohali and Kharar have witnessed a remarkable 50.9% increase in the last five years. Even more impressive, builder floor rates in these areas have skyrocketed by a staggering 143.2% during the same period. These figures paint a clear picture: investing in Chandigarh’s real estate holds immense potential for high Return on Investment (ROI).
The Bharatmala Project: A Catalyst for Growth:
The Indian government’s ambitious Bharatmala Project plays a crucial role in this positive outlook. This project focuses on improving national highways and connecting key economic corridors. Currently, a critical section of the project is underway – the construction of a 32-km-long road connecting Mohali with Ludhiana and Siswan. This will significantly decongest Mohali, Kharar, and the IT hub, fostering smoother traffic flow and accessibility.
Mohali: The Next Big IT Hub:
Mohali, strategically located near Chandigarh, is poised to become the next major IT hub in the region. This anticipated growth will fuel further infrastructural development, leading to an even more attractive investment climate. The improved connectivity facilitated by the Bharatmala Project will undoubtedly play a vital role in this transformation.
Low Interest Rates:
Currently, interest rates on mortgages remain relatively low. This makes it more affordable to finance a property, increasing your potential for a higher return on investment.
Strong Rental Demand:
The rental market is robust, with a high demand for quality housing. This can provide a steady stream of rental income, helping to offset your mortgage payments and potentially generate positive cash flow.
Gateway Homes: Seizing the Opportunity
The Gateway Homes project in Kharar exemplifies the lucrative opportunities available.
- Its proximity to Chandigarh University makes it ideal for student housing.
- Additionally, the project’s excellent connectivity to the highway and the Kharar Toll Plaza positions it perfectly for commercial ventures.
- Investing in plots at Gateway Homes offers the potential for exceptional ROI as the real estate market in this area continues its upward trajectory.
Conclusion:
The synergy between Chandigarh’s established reputation and Kharar Mohali’s dynamic growth creates an unparalleled investment opportunity. Backed by robust infrastructure development, including the Bharatmala Project, and the rise of Mohali as the next IT hub, the region offers immense potential for high ROI.
Projects like Gateway Homes exemplify the diverse investment options available. Whether catering to student housing needs due to its proximity to Chandigarh University or offering prime commercial space due to excellent highway connectivity, Gateway Homes embodies the future of Kharar Mohali’s real estate landscape.
Don’t miss out on this golden opportunity. With infrastructure paving the way for a prosperous future, Chandigarh and its surrounding areas like Kharar Mohali are poised to become the next real estate hotspot. Invest now and reap the rewards of a thriving and strategically positioned market.
