For decades it has been a dream for people to live and own a house in the Tricity area. The Tricity serves to be the preferred destination for anyone who wants to live a quality life.
Clean Air, good quality water, food, ample greenery, wide roads, low population density, less traffic, multiple shopping & entertainment destinations along with great night life are some of the major attributes that the Tricity has to offer. It is also considered to be the most planned and desirable area in the north India region.
Tricity which comprises of Chandigarh, Mohali & Panchkula is the No. 1 choice not only for living but for business activities (after Delhi in North India). The areas (residential and commercial) are meticulously planned and witnesses tourism all year round as it offers many famous spots like Sukhna Lake, Rock Garden, Morni Hills, Rose Garden, Pinjore Garden, Chatt Bir Zoo, Capitol Complex, Mansa Devi Temple and latest being Bird Park which has recently opened in Chandigarh.
Tricity also serves to be gateway to Himachal, anyone who has to enter Himachal will pass through the area. The entire area is located at the foot hills of Shivalik and the visible mountain ranges are a treat to watch. Queen of Hills – Shimla is just 3.5-4 hours drive from the TriCity. People visiting Tricity for the first time can be seen in awe looking at such impeccable planning; open areas, pollution free environment & greenery which are hard to find in Delhi and NCR areas.
Off lately, after and during the covid tenure, the entire area of Tricity and around has witnessed exponential growth and influx of people as they choose to live a quality life and leave city’s hustle-bustle. People from Delhi and surrounding areas have either migrated or have opted Tricity to be their second home. When we think of Delhi NCR, we get a picture of Pollution, high density, traffic and concrete jungle in mind and when we think of Tricity we get a complete different picture.
It cannot be disputed that there is a limited scope of development in the core of Tricity (Chandigarh, Mohali & Panchkula) as the possibility of expansion is very low due to less availability of land. Moreover the prices of residential as well as commercial are sky high at the centre. Anyone who is looking to purchase residence or commercial for himself/herself has to shell out huge amount of money which is out of the hand of a common man.
The area around Tricity is showing promising growth potential. Specially the areas in and around Mohali are developing very rapidly. Education, IT, Real Estate and Tourism are sectors which have shown massive growth. Mohali is an upcoming education hub, universities like Amity and Ashoka are being built and will be functional by the year 2022. Mohali is also considered to be the next IT hub as there is a huge influx of companies like Infosys, HDFC, Quark, Dell, Tele Performance as they have set up their regional offices here.
Just as Delhi NCR has spread its wings till Manesar, Tricity is also witnessing massive expansion (like wildfire). Areas like Airport road (stretch of 20 km), Banur – Landran Road, Kharar & Mullanpur are in very high demand and are witnessing exponential growth as the prices of not only land/residential plots but commercial are soaring.
The entire area is being connected with new road as new sectors are planned, some of which have taken shape and some are under construction. Main roads like PR7 witnesses high traffic all day and is also called the ring road for the Tricity.
As we witness these new areas getting planned and showing massive development, anything (residential or commercial) that is being built in and around them are in high demand due to which the prices are going north day by day.
If we had to choose one area out of the above that would be the Airport road which has shown so much growth; from Residential (Plots/land) to Apartments to Commercial to Industrial; everything is flourishing as well as selling at the rapid pace.
Since the inception of Chandigarh Airport the area has proved to be an advantage for the all type of investors. The AeroCity area near the Airport has caught the eyes of NRI investors and is showing heavy investing due to which the prices of Real Estate are sky rocketing (at least 3-4 times higher). As stated previously the core Chandigarh area have gone out of a common man’s hand and they find Mohali as one of the hotspots of investment and value for money. The next big development that Mohali will witness is Chandigarh Metro which will prove to be a lifeline of the city.
If we have to pick ONE residential in Mohali, that will be Aerocity or IT Park, Sector 82 which have plots (starting 100 sq yds to 500 Sq Yds) and Apartments (Luxury as well as Semi Luxury). People get to live at great location with all the amenities in a radius of 3.5km including Airport.
And if choosing commercial property in Mohali, that will be Mohali Citi Centre which is bang on the Airport Road, has an array of options; from showrooms to DSS to basement shops to small booth shops in Aerocity, Mohali. The project offers wide range suiting all pockets and is selling at a very rapid pace. All the land has been purchased from GMADA in auction. There is no doubt that Mohali Citi Centre is the best in commercial that anyone can invest in Mohali and on the Airport Road.
All in all anyone investing in Mohali currently and in the coming years will reap good benefits and it should be on top of your list for the areas to invest. Considering the advantages, the payout in this future city can be huge for anyone doing an early entry.