The Indian real estate market is evolving. Although the major metropolitan cities of Delhi and Mumbai remain in the news for most of the time, smart business entrepreneurs are looking at new markets that have more growth potential. And at the very top of this list of new markets is Mohali. If you are considering expanding your business or looking for new avenues for your investments, Mohali commercial property is something you should pay full attention to.

The Rise of Mohali as a Business Hub

Mohali has undergone a tremendous transformation over the past decade. From being considered a quaint little town in the suburbs of Chandigarh, it has emerged as a prominent business destination. This has not happened overnight, and a lot of infrastructure development, governmental support, and a favorable geographical position that connects businesses to various prominent locations, have contributed to its growth.

The geographical position of Mohali is such that it is at a crossroads, connecting Punjab, Haryana, Chandigarh, Panchkula, and the rest of northern India. This, in itself, becomes a huge advantage for any business that believes connectivity is key.

What Makes Mohali Commercial Property So Attractive

There are a number of reasons why Mohali commercial property remains an attractive proposition for investors and business owners.

The first is, of course, the cost factor. Unlike other prominent locations such as Gurugram, Noida, or Bengaluru, Mohali commercial property provides businesses with a great value-for-money proposition. Businesses can put more money into operations than just paying rentals or EMI.

The next is infrastructure, and I must say, Mohali has some of the best infrastructure in the country. From well-lit, wide roads to a strong power supply, a well-developed IT city, and an international airport, Mohali has no dearth of connectivity to prominent business locations. The presence of companies such as Infosys, Quark, and several multinational corporations has set a benchmark for commercial properties in Mohali.

The next is the availability of talent, and I must say, being close to Chandigarh, one of India’s most educated cities, is a huge advantage for businesses in Mohali.

Key Commercial Zones You Should Know About

If you are looking for commercial property in Mohali seriously, understanding these key zones can help you take a more informed decision.

The IT City in sector 66-A and surrounding areas continues to remain the most prominent commercial zone. It already has several major IT companies located here, and new ones are coming up in search of premium office space with state-of-the-art amenities.

Phase 8 and 9 in the Industrial Area are also viable options for those looking for mixed-use space for offices. These areas have witnessed consistent demand for industrial units.

Aerocity, located near the international airport, is also witnessing significant traction. With several hotels, office spaces, and retail outlets coming up in this area, it is best suited for those looking for excellent connectivity.

Sectors like 70, 71, and 82 are also witnessing significant traction for commercial space.

Commercial Real Estate as an Investment

However, investing in Mohali commercial property is not only about establishing a new business but also about creating wealth. The rental returns are good compared to investing in residential property. The value of the property is also increasing every year. With the rise of new businesses and the growing population of Mohali, the demand for good commercial space will only rise.

Investing in Mohali property a few years ago is a good decision for investors. The returns are already high for them. The investment made by new investors will also prove to be very good five years from now.

Things to Keep in Mind Before You Buy

It is important that before you make the final purchase decision on any commercial property, you do your homework well. This includes ensuring that the property is approved, the title is clear, the zoning is right, the builder’s credentials are good if you are buying an under-construction property, and the cost of ownership is factored in.

Working with a trusted real estate advisor not only helps save time, avoid costly mistakes, but also helps you access the best available deals in the market.

Alvis Estates is an experienced real estate company with in-depth knowledge about the real estate market in Mohali, helping you find the right commercial spaces that fit your requirements.