Mohali is a city in the Indian state of Punjab that has seen rapid growth in recent years. The city has a thriving real estate market with properties ranging from affordable apartments to luxurious villas. Mohali offers a good quality of life, with excellent infrastructure, good schools, and hospitals, making it an attractive option for families and young professionals. The city also has a robust transportation system, with well-connected roads, bus services, and a nearby airport. The real estate market in Mohali is expected to continue to grow in the coming years, making it an attractive investment opportunity for those looking to buy a property in the area.
Points to Consider Before Purchasing a Property in Mohali
- Location: The location of the property is of utmost importance. Look for properties that are close to public transportation, schools, and other amenities.
- Budget: Determine your budget beforehand and stick to it. Keep in mind that property prices in Mohali are increasing and you might end up paying more than your budget if you wait too long.
- Research: Research the property market in Mohali. Look for prices of similar properties in the same area and compare them with the property you’re interested in.
- Reputable Builder: Choose a reputable builder who has a good track record in the construction industry. Research the builder’s history, read reviews, and visit the builder’s completed projects.
- Legal Documentation: Make sure that the property you’re purchasing has all the necessary legal documentation in place, such as a clear title, building permits, and land use certificates.
- Home Inspection: Get a home inspection done before making a final decision. A home inspector will check for any structural issues, electrical problems, and plumbing issues, and give you a report of the property’s condition.
- Future Developments: Consider future developments in the area, such as new roads, hospitals, and shopping centers.
- Homeowner’s Association: If you’re buying a property in a gated community, find out if there is a homeowner’s association and what kind of fees they charge.
- Resale Value: Consider the resale value of the property. Properties in well-established areas with good schools and amenities tend to have a higher resale value.
- Consult a Real Estate Agent: Consult a real estate agent who has experience in the Mohali property market. They can provide you with valuable information and help you make an informed decision.
By keeping these points in mind, you can make a well-informed decision when purchasing a property in Mohali.
Standard Property Rates in Mohali
The property rates in Mohali can vary depending on the location, size, and type of property. On average, apartments in Mohali range from around INR 3,000 to 8,000 per square feet, while independent houses can cost anywhere from INR 3,000 to 20,000 per square feet. Luxury villas in Mohali can cost upwards of INR 20,000 per square feet. The property rates in Mohali have been steadily increasing in recent years and are expected to continue to rise in the future. It’s important to research the property market in Mohali and compare prices of similar properties in the area before making a final decision. JLPL group in Mohali is the best reputed real estate brand. JLPL group has luxury flats in Mohali, Ludhiana and luxury villas in Kasauli where you can live happily whiteout any hassle or noise.