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Derabassi, Punjab
Purchasing a house is a highly important life choice. If you wish to own a spacious and comfortable house in Punjab, Mohali is one of the finest locations to think about. With good infrastructure, impeccable connectivity, and serene surroundings, Mohali is currently a top real estate destination. In this blog, we will cover all that you need to know about the Mohali 3 Bhk Flat Price and what influences it.
Strategic Location: Mohali is close to Chandigarh, one of India's well-planned cities. It provides convenient accessibility to major highways, railways, and an international airport.
New Infrastructure: Mohali boasts well-planned roads, first-rate educational institutions, hospitals, shopping malls, and entertainment complexes.
Serene Environment: In contrast to the big metropolitan cities, Mohali is cleaner and greener since there is less traffic and pollution, hence an ideal holiday spot for families.
Job Opportunities: The city is a budding IT hub with numerous organizations setting up branches, offering employment.
Affordable Housing: Mohali 3 BHK flat price is more affordable compared to Chandigarh, and therefore it is in favor among buyers.
1. Location in Mohali
The price of a flat varies with the sector or area. Prime locations such as Sector 68, 69, 70, and Airport Road are expensive because they are near major amenities. Flats in new areas can be low-cost but lack appreciation soon.
2. Builder and Project Type
High-profile developers such as Omaxe, Emaar, and Wave provide luxury flats with international facilities. The price of a Mohali 3 BHK flat in such projects is more than what low-profile developers providing affordable flats can pay.
3. Amenities and Facilitie
Flats with high-end amenities such as swimming pools, gyms, clubhouses, security, and parks are costly. Gated communities provide security and convenience with the added advantage of living among like-minded individuals, thus becoming very trendy.
4. Flat Size and Layout
The size of a 3 BHK flat in Mohali may be between 1200 sq. ft. and 2000+ sq. ft. Large flats with improved floor layouts and bigger balconies are more expensive.
5. Resale vs. New Property
Newly built flats might be slightly more expensive because of new designs and improved amenities. But resale flats in good condition might sometimes be less expensive and located in a better area.
6. Market Trends and Demand
Real estate rates vary with market demand. As the demand for houses increases, the rate of Mohali 3 BHK flats rises. It is advisable that you take note of the market trend before you purchase so that you receive a good price.
Affordable Flats: ₹40-50 lakh
Mid-Segment Flats: ₹50-70 lakh
High-End Flats: ₹70 lakh - ₹1.5 crore
The prices may vary depending on the construction phase of the project, the location, etc.
1. Sector 70, 71, and 79
These are well-established locations with good connectivity and facilities. The rates are a little on the higher side, but the investment return is excellent.
2. Airport Road
A well-developing location with upscale residential complexes. Flats here are always in demand because they are close to Chandigarh International Airport.
3. Kharar and Landran Road
If you are on the lookout for budget housing, these sectors offer good deals. You can find numerous budget projects with limited facilities.
4. Sectors 125, 126, and 127
These sectors are upcoming residential areas with low budgets. If you are searching for affordability combined with a contemporary lifestyle, these sectors are ideal options.
Fix a Budget: Decide your budget first before you start searching. Also, include additional costs such as registration, maintenance, and furnishings.
Check Builder Reputation: Go for a reputation builder.
Visit the Site: Make a personal visit to the site to look for construction, locality, and facilities.
Check Legal Documents: Ensure that the flat is legally sanctioned and has clean titles to land.
Consider Future Development: Purchase a property that has favorable future development opportunities in the sense of obtaining the maximum possible return on investment.
Compare Prices: Compare various projects to find the best price for a Mohali 3 BHK flat considering your budget and requirements.
Mohali is a good city to invest in a 3 BHK flat as it offers modern living, affordability, and growth opportunities. The Mohali 3 Bhk Flat Price varies depending on location, facilities, and reputation of the builder. Wherever you are purchasing to live or invest, you have to select the right property after research and planning. Once you have gone through all the above factors, you can buy the ideal 3 BHK flat as per your needs and budget.
