I was primarily looking for property for my parents to settle in post – retirement. I considered Noida first. The intricate road network and direct connectivity to Delhi through the NH24 highway was a major attraction. Being from a big city, the accessibility to a big city became a big plus-factor. However, after being tricked into almost buying illegal property in Noida, I refrained from trusting dealers easily.
I started looking at areas near Chandigarh to invest in, because I was studying at Chandigarh University. As Chandigarh did not have much potential for students in terms of real estate, I began looking at Real estate in Mohali. It so happens that Mohali is located adjacent to Chandigarh and is a growing IT hub! I was surprised to find Mohali in Real Esate to be increasingly fruitful. A number of real estate conglomerates have set up attractive apartments and flats in Mohali, and a well-developed road network connects it to Chandigarh.
I found myself investing in Real estate in Mohali soon after I discovered its immense potential. The options included a wide array of flats, studio apartments, penthouses, condominiums, etc. The nearby parks, malls and cinema theatres added to the attraction, and made it seem like I was investing in a city and not merely a flat. However, I found the lack of nightlife to be a huge disadvantage from my perspective, and eventually the lack of a metropolitan’s hustle-bustle made it a useless buy for a student perspective. However, since my parents are shifting back to India in the coming winters, I advised them to make an investment for when they come back. Ideal town to settle in post-retirement, Mohali is a small, self-sufficient city, with amenities suitable for middle-older aged people. In that sense, Mohali real-estate is a great investment.