Commercial Real Estate gains momentum moving towards tier-II cities like Mohali

The then smaller cities of India were turning into an attractive business prospect due to various factors like prime location, accessibility, improved infrastructure increased connectivity within the suburbs, and most importantly the skilled manpower who were seeking jobs. The Indian real estate had picked momentum up until the year 2019 when covid 19 hits, disrupting the entire world’s balance.

The scenario had changed completely after the covid 19 onslaughts. Bigger cities had witnessed considerable growth pre-covid. Due to high property prices and saturation along with subdued demand led investors were moving towards tier-II cities. The fast-growing infrastructure made it possible for the market to attract industries to settle here. Moreover, with the existing government schemes like GMADA, Smart Cities, and AMRUT the cities have been growing in demand. There has been a rising demand for these cities even before the covid 19 outbreak with people moving in from the metro city to the non-metro ones in search of opportunities.   This demand will likely continue since people are returning back, trying to love close to their near loved ones at the same time looking for a window of opportunity. Even the NRIs and HNIs will most likely seek to invest in the commercial realty sector after things normalize.

The commercial real estate sector can thus expect higher rates of deliveries with a higher degree of optimism and professionalism as the unsold inventories are being booked by asset management firms and after the increase in surplus demand of residential properties.  One of the prime reasons for this is the lowered rates of interest which will be the driving force making the commercial real estate sector an enticing prospect.

There are many reports which presented figures of rising real estate investments in tier II cities over 20% before the outbreak. This substantially shows the gain in momentum of demand for the tier-II cities. Additionally with the continuous infrastructural developments in the past have boosted the real estate demand in cities like Mohali. The new commercial projects in Mohali can turn out to be lucrative assets. The upcomingCommercial projects in Mohali will have new requirements following the needs of buyers in health and safety. VRS group is one of the most prominent Real Estate companies in Chandigarh that has also developed several Residential Flats in Chandigarh and Mohali.

A report of the real estate market states that nearly 12 percent of people in Delhi-NCR would invest in nearby cities like Jaipur, Mohali, and Chandigarh. The real estate in Mohali is all set to witness a new wave of efficiency with higher deliveries and possession.   The increasing demand for residential projects in Mohali will surely boost sales for the commercial sector.

The latest real estate trend- Low Density Housing

Most of the real estate trends arise due to the constant demand of people for improved, better residential places creating an entirely different type of housing. Soon after the outbreak of the Novel Coronavirus pandemic, the housing demand trend has seen a gradual shift giving rise to low-density properties mostly in major metropolitans including Mohali and Chandigarh. The real estate companies in Chandigarh will now try to accede to the demand of these low-density residencies. Recently, GMADA had also approved low-density real estate projects in Mohali.

What is Low-density Housing?

Low-Density Housing can be described as housing with a particularly low number of housing units on any residential block or if otherwise stated it can be described as the less number of families per amount of a given space in housing space. Here a sense of non-intrusiveness and spaciousness are the main key elements that define the motto of the project. The rising demand for low-density homes is mainly due to the desire of prospective buyers to find a balance between a metropolitan city and a very small town as it directly means less crowding, fewer automobiles, more space, and a clean healthier surrounding. The spread of covid-19 is yet another reason why people are seeking to settle in low-density residencies.

What are the problems associated with high-density housing?

It is almost impossible to find solace amidst the rush in the daily life of the metropolitan city. Overcrowding, lack of housing spaces, and rapid urbanization have led to an obstruction to privacy and personal space. This is one of the reasons why people try finding an escape from the rush once in a while in the form of weekend getaways. Also, as we have seen during the outbreak of pandemic initially that in high-density areas the spread of the virus was more prevalent as a result of which soon after the pandemic there has been a rise in demand for the low-density housings.

Since due to rapid growth and urbanization the cities are getting denser and crowded people are shifting towards low-density residences for a more spacious and peaceful living. The upcoming projects in Chandigarh and upcoming projects in Mohali are going to offer just that, which means that with low-density housing there will be a greater share of amenities and more open spaces per resident.

The Shift in the realty market with the commercial office spaces in Mohali gaining traction

Witnessing massive growth, Mohali in Chandigarh has become one of the most significant destinations for investment. Chandigarh has already shown a positive sentiment as far as economic growth is concerned. Various real estate companies in Chandigarh have already reaped the benefits. Commercial property in Chandigarh presents a great prospect for investment being a city with one of the highest per capita incomes in the country. However, Mohali, a satellite city lying southwest of Chandigarh has emerged to be one of the most important cities in Punjab. This planned city has a lot to offer which has been vital in the growth of the real estate segment.

Smart city initiative- With the continual efforts and initiatives of the state government like the Smart City Mission, Housing for all by 2022, and the GMADA (Greater Mohali Area Development), Mohali has witnessed rapid urbanization and growth potential. You are offered ample opportunities and choices for commercial investment with GMADA approved projects in Mohali. District One is an upcoming state-of-the-art project that offers commercial office spaces in Mohali.

Influx of IT industries- It has become a commercial hub for investors, companies and investors are putting their money in the market. With ample land parcels and marvelous infrastructures, Mohali has become an ideal destination embarking the attention of investors. This presents plenty of job offers for the population and with Ghar Ghar Naukri by the government, the prospects become even better.

Urbanization and overall growth- The economic growth has led to the overall growth of realty a market in Mohali with commercial properties luring a good amount of traction.  

Demand in the housing sector- the flourishing commercial sector has led to the growth of residential properties. With governments support various housing schemes by GMADA helps meet the needs of housing demand in the city.

Infrastructure- Enjoying an advantageous location Mohali offers great connectivity and bustling infrastructural facilities. It abounds in educational institutions with all kinds of other various important social amenities needed to lead a quality life. 

 

An Investment in the upcoming projects in Mohali for a hassle free tomorrow

A timely investment today in Mohali can ensure timely growth. An investment should not be a tricky one and if done correctly mitigating the errors, can turn out to be the easiest way to ensure great returns. In the modern world with rising expectations and standards, people are seeking ways to invest in the quest of making their post-retirement life comfortable. Most people prefer putting their money in banks, stocks, funds, or ornaments, while on the other hand, some choose to invest in commercial property in the real estate niche. A well-timed decision done today to invest in the upcoming commercial projects in Mohali or in the upcoming projects in Chandigarh is profitable making the investment valuable. Mohali is without a doubt the most preferred choice being the residential focal point for people in and around the Tri-City. VRS Group is coming with its commercial and residential projects, out of which the District 7 and LA Canela are the most prominent projects. The just price and pristine location is sure to gain exposure in the future which makes an investment with VRS Group the right choice.

VRS’s latest project District 7 and LA Canela will surely add value to your venture ensuring a future full of the great return. Various industries and booming IT companies have ensured whooping growth for Mohali. This in turn attracts the professionals already working in the area which facilitates the demand for housing projects.

Such locational benefits can turn to be a really great prospect and hence increases the likelihood of good returns. So if you are looking for upcoming projects to invest in, the search ends here with VRS Group.

VRS has delivered high-quality standard projects with its innovation and years of expertise in the realty sector. VRS has in fact built homes that add value to people’s lives without any compromise in quality standards, bringing dreams to life. Their approach of single-mindedness has made sure every convenience and comfort of their clients get fulfilled. This assurance, reliability in the work has made VRS one of the leading real estate companies in Chandigarh.   

 

Why to go for investment in the upcoming commercial projects in Mohali?

Chandigarh has always been on the top list of everybody and is a major hub of settlement.  It has always been a center of attraction for real estate developers because of the beautiful ambiance, lush greenery which proves to be a great workplace for the workers too. It also offers employment opportunities with a number of global technology giants moving in this city.  People from all over the country have been seeking to settle in this city. Chandigarh offers wide opportunities for everybody. Being loaded with all state of art amenities, Chandigarh is one of the wealthiest places in the country. It has a high quotient living standard with almost everything one might need to settle in the ideal city. It is also known to be the first planned city of India. But if you are looking for upcoming projects in Chandigarh then you can consider Mohali as an alternative that has already embarked the attention of builders and investors. Mohali has a growing retail market with magnificent infrastructural facilities. It has become one of the hottest selling sites.

In this blog, we will talk about why Mohali is ideal for you and also about some of the things a purchaser ought to keep in mind before purchasing any property.

As we already know purchasing a commercial property is often a tough task. Even though investing in real estate has proved to be highly desirable and a profitable decision, but it has a lot of associated risks. The land is a rare asset and it cannot be produced instantly in the blink of an eye. The supply of land is quite high, limited due to a lot of investors and homebuyers alike are competing to buy a property or plot. Real estate investments do offer a good high-value risk-return but the risks involved are too high which you can mitigate using your experience making the investment less risky. Important factors that make real estate investments less risky are as follows:

1)     Geographical area- One needs to make sure that the location of the property comprises of plenty of amenities and resources along with less mortgage rates. Any property with higher inflation rates needs to be looked after prior to making an investment. The best thing about Mohali is that it boasts great connectivity and conveyance, and a property can be procured with a nominal budget. Mohali has direct connectivity to cities like Ludhiana, Chandigarh, Ropar, and Himachal Pradesh, so on. Its close proximity to Chandigarh makes it the second-best option for the commercial and residential sector.  Mohali is well connected internally with an active roadway network which includes about 52 kilometers of the National Highway and 1272 kilometers of state highways. Moreover, Mohali has all the amenities making it an ideal place. About 260 acres of land has been allocated for the establishment of hospitals and medical healthcare centers.

2)     Market Behavior- Recent market behaviors suggest Mohali be a preferable place for investment. Since the advent of the leading IT companies and other global giants here, there has been a rise in demand in the market for properties. Since the population is rising and a lot of major companies are settling in, Mohali is riding high on demand for ventures. Recent market behavior shows a good history of land appreciation as this city is rapidly developing making investments here to be safer and less prone to risks.

3)      Population density of the area- A large number of people reside here in Mohali and the population here has been rising owing to its rapid growth in terms of opportunities and employment.

4)     Lower inflation rate

5)     Area Value

With these basic things in mind if you are planning to invest in upcoming commercial projects in Mohali then you should do it without hesitating as this sector is always growing. You can safely trust VRS Group for this purpose because with their years of experience in this business they can provide you with advanced modern projects so you can make the most out of your ventures. VRS Group values your needs and so their upcoming projects- District one, Suntec city, La Canela among the others can cater to all the criteria of a potential investor. VRS group is one of the most prominent real estate companies in Chandigarh. Each and every project is RERA certified which gives you yet another reason to trust this community. So don’t miss out on an opportunity for investment and for any more information about the upcoming projects visit our website vrsventures.com