Indians love investing in real estate. Don’t believe it? Well, a report says Indians allocate more than half of their resources to real estate investment. It is common knowledge that this investment yields higher returns than others. Only gold matches the risk profile and return on investment of real estate. Therefore, real estate companies in Mohali are always jam-packed with calls from potential investors. They are always looking for the best projects. 

The Tricity area of Chandigarh, Mohali, and Panchkula offers new opportunities for investors. It is an emerging business hub with continuous urbanisation. Zirakpur is an attractive suburb connected to the other three cities. Hence, it has many properties with low interest rates and investment capital. 

However, before making your investment call, you must first understand New Chandigarh’s and Mohali’s unique relationship with Zirakpur. 

The Capital City of Chandigarh

It is well-known that Chandigarh is a planned city. The best part is that it is located between Punjab and Haryana. It is also present on the foothills of the Himalayas. Thus, the city offers a pleasant atmosphere with a neighbourhood of lovely Punjabi people. The Chandigarh International Airport is also an important transportation hub for NRIs and Indians. They often use the airport to travel abroad. 

Now, let’s talk about the real estate developer in Chandigarh. KS Group has both residential and commercial properties for sale. However, the city is expanding its urban network. Therefore, these properties are located on the city’s outskirts, preferably in Zirakpur. 

Mohali: The IT Hub and Beyond

Mohali is an IT hub of Punjab. It offers commercial spaces to various businesses. Mohali’s IT sector is also creating a huge demand for residential properties. Therefore, real estate companies in Mohali are fulfilling this demand. 

They are building residential properties for the relocated working population. These properties will serve as a new home for the urban crowd. However, the major proportion of these projects are being built in Zirakpur. The reason will be explained below. 

Zirakpur: A Growing Suburb

Zirakpur is located on the border of Punjab, towards Haryana. It is a gateway to the Tricity area. It has a highway that connects both the outside and inside of Punjab and Haryana. There are also plans to build a new metro station in the city. It also connects High Ground City and the Chandigarh International Airport.  

Real estate in Zirakpur was semi-urban a few years back. However, real estate developers have recognised its importance due to its strategic location. It has great investment potential because of its proximity to the other three urban centres. Hence, the growth prospects are quite high in this young investment ground. 

Factors Affecting Property Rates

You might wonder if Zirakpur is the only viable investment option in Punjab. Are there no other locations that offer better returns? Isn’t New Chandigarh a fully-fledged urban centre? Well, your investment choice depends on your financial goals and personal circumstances. Many investors want to reap the benefits of returns through rent and lease before they use the property themselves. On the other hand, some investors just want to expand their portfolios. Hence, you must define these factors before investing in a property. 

Time to talk about the price. New Chandigarh and Mohali have been in the game for a long time. The projects in these cities have thrived due to their location. Therefore, the property prices in these areas are double those in Zirakpur. Zirakpur’s prices have increased in the last five years. The interesting thing is that Zirakpur also offers an excellent yearly increase in rents. New Chandigarh also offers a considerable return. It makes real estate developers in Chandigarh a good choice for resale investments but a slightly risky one for rental income. 

Investment Options for Real Estate in Zirakpur

You can choose one of these investment options after buying real estate in Zirakpur. 

• Fractional Ownership: You can invest with one or more partners. Hence, you can reduce the initial capital but get a high return on resale or rental income. 
• Rental Income: You can put a property for rent after buying it through a loan. The rent can be used to pay off the loan while you get tax benefits. 
• Resale Value: Property prices can go up exponentially in the future. Therefore, you can sell the property for a high return margin. 
• Diversification: You can also diversify your portfolio through property investments. 

Tips for a Good Investment

You should follow the steps below before calling real estate companies in Mohali for investment. 

• Conduct Thorough Research: Analyse the market for advantages and disadvantages of different localities in Mohali. Zirakpur and New Chandigarh are good options for future research. 
• Seek Professional Advice: Consult an experienced real estate agent for a property dealership. 
• Financial Planning: Discuss budgeting and financial planning for real estate investments with someone having prior investments. 
• Long-Term Perspective: Look for an option that yields a good return on investment in the long term. 

Real estate in Zirakpur offers immense potential for investors seeking profitable opportunities. The city is poised for continued growth. Investors can make informed decisions and maximise their returns in this Tricity area. All the best!