Mohali is a city adjacent to Chandigarh, 18th District in Punjab, India. It is officially named after the eldest son of Guru Gobind Singh, Sahibzada Ajit Singh Nagar.

Being the neighbour of Chandigarh, Mohali, The real estate Mohali is directly related to Information Technology (IT) companies setting up base in the region. Among the 10 best places in investing, the real estate Mohali is emerging highly.

Following the success of Chandigarh's sector design, Mohali was similarly planned into identical 800 X 1200m sectors. Many have yet to be fully developed, as is the case of sector 62, which is earmarked for a future commercial City Centre. Its proximity to the PCA Stadium, as well as unrivaled transportation links to Chandigarh makes it a suitable choice.

The recent Master Plan of Mohali extended up to 107 sectors, which was recently extended up to 114 sectors.

Real Estate Development

While Mohali houses many state-local companies like PTL (Punjab Tractor Limited), ICI Paints, and the Godrej Group, its reputation as a home for large, multinational corporations is growing.

Infosys, the well-known Indian IT services major, had a development center in Mohali, and is now moving to Chandigarh Technology Park, Global tech giants like Dell, Quark, Philips, SCL (Semiconductor Complex Limited), and PUNCOM have followed. Denver-based Quark has created the $500M, 46-acre QuarkCity in Mohali, complete with a residential complex comprising 30% of the 'city'; the shopping, entertainment, medical, and educational district consume another 10%. It is expected to generate 25,000 direct, and 100,000 indirect jobs.

Airtel, has a big office in Industrial Area Mohali. Regional offices of Punjab & Haryana circle located here.

Convergys, IDS Infotech, SmartData Enterprises (I) ltd IT Outsourcing, and other business support companies are also finding comfortable accommodation in Mohali. Spice Telecom’s Punjab operations are headquartered in Mohali.

Ranbaxy Laboratories operates a manufacturing plant out of Mohali.

Punjab Tractor Limited manufactures India's first indeginious tractor under the brand SWARAJ. Situated in Phase 4 Industrial Area, continues to be India's top 7 tractor company. It undertakes three groups of companies: SWARAJ MAZDA, SWARAJ ENGINES and SWARAJ AUTOMOTIVES. Recently, Mahindra and Mahindra have acquired 44% shares in PTL. http://www.swarajenterprise.com

Fortis Healthcare Limited has also set up a Super-Specialty Hospital in Mohali.
In its recent initiatives to attract private investment to actualise the realisation of the Mohali Master Plan, the Punjab Government has approved the Projects of reputed companies like the EMAAR MGF, Ponty Chadha, Janta Land Promoters Ltd, and Country Colonisers.

MNCs and Corporates in Mohali

While Mohali houses many state-local companies like PTL (Punjab Tractor Limited), ICI Paints, and the Godrej Group, its popularity among large, multinational corporations is taking it to newer heights. Mohali, in recent times has been the preferred destination for number of outsourcing IT companies that seek to benefit from cost advantages as well as investment opportunities.

Office space in Mohali has been much sought after by companies like Convergys, IDS Infotech, and other business support companies. Spice Telecom's Punjab operations have Mohali as its headquarters. Ranbaxy Laboratories operates a manufacturing plant out of Mohali. A Super-Specialty Hospital of Fortis Healthcare Ltd. is in Mohali.

Infosys, the top-rung Indian IT services major, had Mohali for its development center till some time ago. Denver-based Quark can be credited with developing a $500M, 46-acre QuarkCity in Mohali, which can easily boast of a residential complex that almost forms 30% of the 'city' and as it were and is likely to create thousands of jobs.

Real Estate Scenario in Mohali

Residential Real Estate: Mohali Hills, the residential nest, lies very close to Chandigarh. Adequately designed to take care of families to comfortably stay in a secure 3,000-acre environment, Mohali hills comes with a bouquet of offerings that include luxury villas, apartments, terraced town homes. The architecture is pleasant and charming and gives nature plenty of scope to cast a soothing effect on residents.

Luxury apartments in Mohali have evoked mixed feelings, though as they come at a high cost and cover less area than residential plots. Central Plaza is committed to serving the residential community in Mohali Hills, apart from commercial interests.

Commercial Real Estate: The burgeoning income of people owing to better job opportunities has also triggered off the need for commercial real estate in Mohali. The viability and economic potential of retail space and mall space in Mohali is seen to have spur real estate revival in the area there. A few real estate development projects include the construction of a five- star hotel, a couple of three-star hotels and two world class hospitals.

A sustainable entertainment and recreational project, Megaplex is being planned which besides being a film theatre will have several entertainment options. The alluring features will have multiple theatres along with shopping malls, indoor games, video simulation games, amusement parks, children's play areas and multi-cuisine restaurants. Water parks and landscaped "leisure valley are also on the cards. Apart from the Megaplex, Archeological Survey of India's proposal of an entertainment park with the concept of housing replicas of historical monuments in the periphery is also in the fray.

Real Estate Developers in Mohali

It has been a common practice among real estate developers in Mohali and the government to buy land here on the hindsight of investment for future projects. The Chandigarh administration has 417.74 acres of land in their bank and is scouting for more. The bold initiative made towards attracting private investment to realize the Mohali Master Plan, include the Punjab Government has approved the projects of reputed companies like the EMAAR MGF, Monty Chadha, Janta Land Promoters Ltd, and Country.

Real estate developers have stormed the real estate scene in Mohali and surrounding areas with projects like Emmar-MGF, TDI and Unitech. The projects have proved to be very promising. Mohali is projected to be amongst the first cities aimed at by the Punjab Urban Development Authority (PUDA) for transforming it into a world class city.

Mohali -Future Outlook

Mohali property prices do not exhibit concrete trends but the stadium that has been Mohali's claim to fame has turned the surrounding areas into site for prime deals. Real estate developments like Grade A office spaces, world class retail spaces, libraries, town halls, museums, and all other city facilities, as well as entertainment facilities are on the anvil in Mohali. This initiation of the administration and real estate growth will definitely make Mohali one of the hottest investment destinations.