Mohali real estate sector bounces back from pandemic slump Most sought-after addresses in Tricity

Chandigarh: Mohali real estate sector bounces back from pandemic slump Most sought-after addresses in Tricity  Along with Mohali Peripheral areas such as Zirakpur, Kharar, and New Chandigarh have emerged as the tricity’s new property hub.

HLP Winfest wishes come true for lucky winners 

 Thanks to GMADA-led IT City and Aero City projects, Airport Road and surrounding sectors  has become the most-sought after address for both investors and home seekers — bids for commercial and residential units here are drawing record amounts. There are around 200 private housing societies in Mohali. 

Builders including HLP Group are optimistic too as home loan interests are at the lowest in nearly two decades. They foresee a move from rentals to house ownership fuelling the demand. Builders say buyer queries are increasing and end-users are looking for ready-to-move properties. The demand for both commercial and residential properties has gone up after the pandemic as people believe that investing in property will ensure the best returns. Despite the rates going up, people are investing their money in commercial properties like HLP Galleria and HLP Home square , 

Real estate in Punjab especially in the periphery of Chandigarh  works differently than in other major cities of the country. The perception about lifestyle and homes changed when national developers started entering the markets here. Punjab realty saw these developers buying large land parcels and developing projects that completely changed the perception of abodes for the people of the state. These developers promised features and world-class amenities; and they easily penetrated the market and people steadily shifted to a new trend of apartments & penthouses from an old culture of living in Kothis, bungalows & homes in colonies. Thus, the market became vibrant with the emergence of options such as group housing, sprawling shopping complexes & malls, integrated townships, office complexes, entertainment hubs, IT parks, etc and HLP Group's residential and Commercial projects are attracting loads of customers .