Why Mohali & Chandigarh are Increasingly Becoming Real-Estate Interests of Millennials and Youths?
Le Corbusier's Chandigarh and the satellite town of Punjab- Mohali, the two cities are quickly emerging as hubs of the real estate industry in India. These cities have garnered the attention of youths, professionals and entrepreneurs as they offer unequivocal career prospects and are indeed the best place to upgrade lifestyle and standard of living. The tech capital of Punjab along with Chandigarh is offering state-of-the-art opportunities in terms of education, job, industry, entertainment and the best environment to live and dwell.
What does youth demand from a city?
The unconventional choices made by today’s youth have propelled the markets to change their way of working. People today are more concerned about the safety and security of family and providing good education to kids. They love travelling and shopping brands, etc. Going to gyms, discotheques, lounges, restaurants, clubs, cinema halls, etc. is an indispensable part of their lifestyle.
Above all, they want to live an easy-going and stress-free life with full enjoyment. Not to mention a progressive career along with an upgraded lifestyle. If a city is unable to offer them such facilities, there is no point in shifting to that city.
How do Mohali and Chandigarh Rank in a Given Scenario?
Known as the City Beautiful- “Chandigarh” is the first and the only planned city of Independent India, closely followed by Mohali. There is no second place better than these two cities across Pan India. Lush green parks, fresh and pure air, world-class infrastructure, wide roads and a safe environment make Chandigarh and Mohali the cream of the crop among other Indian cities.
Let’s dive into some reasons as to why Mohali and Chandigarh are the best cities for youth, professionals and entrepreneurs for relocation.
1. Knowledge and Educational Hub
Mohali and Chandigarh are home to many famous and renowned educational institutions. Indian School of Business (ISB), the international level B-School has its second campus in Mohali (after the main campus in Hyderabad). Talk about a stream and you will get the cherry-picked institutes in the city.
The famous Punjab University, NIPER, IISER, CTU, Law colleges etc are to name a few. All branches of engineering, medical, postgraduate and research degrees are undertaken in these universities. The main reason of popularity is the structure of the academic courses.
The academic courses undertaken in various universities of Mohali and Chandigarh are totally in sync with the latest market trends. This makes the youth jump the bandwagon as soon as they graduate from their colleges. Next, there come the campus placements.
The companies visiting the colleges for campus placement not only in these two cities but in colleges of Haryana, Uttranchal, J&K and the rest of Punjab, are majorly from Mohali and Chandigarh. Staying in these cities would make you more competitive, efficient and allows you to grab every bite of the cherry.
In fact, many graduates from colleges of nearby states come to Mohali/Chandigarh for job prospects and career growth. These cities hold a plethora of employment opportunities for architects, lawyers, doctors, engineers, fashion designers, etc. The companies over here offer decent salary packages and a great career trajectory to quench your progression thirst.
The advancement of the educational and corporate sector is quickly attracting people from neighbouring cities to buy real estate in Mohali so as to secure their future. The announcement of two major universities i.e. Amity Business School and Asoka University (Plaksha University) in Mohali has further accelerated the demand in the real estate sector.
The setting up of MNCs in BestTech Towers, SEZs and IT parks in Tricity have quickly turned Mohali into Silicon Valley of Punjab. The WTC towers and Knowledge City in Mohali additionally ensure an uninterrupted supply of skilled people to the corporate industry.
Many new Hospitals, plug n play offices, restaurants and small scale industries are coming forward and are joining the league in Mohali.
Why should I start my Business in Mohali/Chandigarh?
Mohali and Chandigarh offer a large scope, diverse opportunities and professional environment for budding entrepreneurs and start-ups. Punjab Government’s schemes under Progressive Punjab or Invest Punjab initiative allow the start-ups and other small companies to establish themselves independently by providing a speedier and hassle-free process.
This noble scheme by Punjab Government offers a one-stop office or single-window assistance for all state-level approvals and clearances. This transparent system has smoothed the road for every budding entrepreneur to establish business in no time and without any delays.
By shifting or purchasing a property in Punjab, it will ensure a sound and whooping professional growth down the line in the future.
2. Investments
In today’s uncertain market, millennials are sceptical about investing in stock markets. However, real-estate is considered to be the safest option. Due to the availability of world-class jobs and professional growth opportunities, the real estate market is growing leaps and bounds in Mohali and Chandigarh. This is the main reason, people prefer investing in these cities due to affordable costs and great return over investment (ROI). As the demand for commercial and residential properties continues to rise, the investor is sure to reap heavy benefits in the future.
Omaxe New Chandigarh, Wave Estate and DLF Hyde Park have witnessed heavy inventory bookings over the past one year. Millennials are preferring independent floors Mohali, which are an uncommon feature in other metropolitan/ tier-I cities in India.
3. Clean and Green
The wide and clean roads circumvented by trees are a retreat for eyes in these culturally rich cities. As traffic is properly managed, there are no traffic jams. The strict traffic administration in Chandigarh and Mohali calls for safe, secure and disciplined traffic in the vicinity. It hardly takes 15-20 minutes while commuting between the two cities.
The public transport system in Mohali/Chandigarh is one of the finest and most disciplined in India.
The serenity of Sukhna Lake and the beauty of Rose Garden, Rock Garden, Zoo, etc. rejuvenate your mind, soul and body. Due to less commuting time, professionals can spend quality time with their families.
4. Outings and Picnics
There are many picnic spots in the periphery of Mohali/Chandigarh that make your weekends blissful. Located in the foothills of Shivaliks, many famous hill stations of Himachal are just a 45 minutes drive. You can easily plan a day out on hills with your family and friends and get back to your home after a refreshing experience on hills.
The presence of an international airport in Chandigarh is an added advantage for the frequent flyers.
Due to prominent greenery in the two cities, the temperature is always a few degrees lower as compared to other neighbouring cities from Haryana and the rest of Punjab.
5. Shopping
The modern-day youth love to shop various brands and want to stay updated as per trends and latest fashion. Chandigarh and Mohali are quickly turning into fashion hubs of the region. They have well-planned markets and commercial zones where the youth can shop their favourite brands and accessories. Elante in Chandigarh and VR Punjab in Mohali have diverse showrooms of national and international top brands offering the best-in-class shopping experience.
New malls in sector 67 & 70 have their shops pre-booked for branded clothing, accessories, cutlery, shoes, etc. Seamless transport connectivity across the cities ensures speedy delivery or sometimes single-day delivery from various e-commerce portals such as Flipkart, Amazon, Myntra, etc. All major national and international chains of restaurants and Hotels add to the pride and panache of the two cities.
Mohali and Chandigarh have everything that is on the checklist of every millennial when they plan to shift, invest or buy a property.
6. Clubs/Sports
The modern infrastructure of Chandigarh & Mohali including roads, internet connectivity, telecommunications, water supplies and lush green spaces has dramatically enhanced the societal liveability quotient. People from other cities come to enjoy the infrastructural development of the city.
There are many events going on in the city round the year such as music concerts, marathons, beauty contests and various national and international level competitions. Youth from nearby cities actively participate in these events. Chandigarh is known as cycler’s paradise. Just like cities in foreign countries, Chandigarh has separate tracks for cyclists where they ride without any interruption of other vehicles.
Chandigarh and Mohali boast of many renowned car and bike clubs that keep the riding spirit of the youth ignited.
The golf course, international cricket and hockey stadium and other world-class facilities for all sports lovers such as TT, badminton, gymnastics, etc. are available in these dynamic cities. The professional and culturally rich environment of Chandigarh and Mohali ensures great job (employment) prospects for you as well as for your posterity.
So, it’s the right time to give wings to your investment plans or property purchasing decisions in Mohali and Chandigarh. Get back to us for best-in-the-industry guidance and assistance. Contact us for 100% genuine, authentic and realistic real estate solutions. Our team is working round the clock to provide you with the best real-estate experience that offers your rich ROI.
Call us or Whatsapp us at 9877706384. Or, you can also send us your queries at [email protected].
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