Real Estate Market Trends in Punjab

Chandigarh, the capital of Punjab is administered separately as a Union Territory and it also serves as the capital of Haryana. Punjab is a land of panoramic surroundings, religion and fabled hospitality. 

 

Mohali/ Ajitgarh a prominent city of Punjab lies adjacent to Chandigarh and is as much developed as its counterpart Chandigarh.

Real Estate In Punjab

In recent years the state has grown in leaps and bound because of the strategic development in every sector; especially real estate that has strengthened the infrastructure of the state. According to some estimates, property rates in Punjab have come down by 30% to 40% within just 12 months.

The real estate projects in Punjab have already come up to the conduit brim. Each day, there is an announcement of some project being launched in the state or some other being completed. The superfluity of projects gives the consumers the opportunity and privilege to choose as per their budget and requirements.

Zirakpur, which again is neighbouring Chandigarh, is a city that is growing both in commercial and residential sectors. Mona Townships, a real estate company in Zirakpur has seen a major growth in this sector. By entering into real estate industry in 2004, they have already become the proud sellers of 1500 flats of about 1.5 million sq. ft. in area. Mona Townships has now started giving possession of 3 and 4 BHK residential apartments by the name of Mona Greens situated on VIP road in Zirakpur. Recently on the occasion of the auspicious Navaratras on 18-Oct-2015, Mona Townships, led by Mr. Setia, handed over the possession of many flats. It was a beautiful sight as happy customers took over the keys of their new homes, along with the proud team of Mona Townships. Amidst the rise and fall in the buying trends, Mona Townships was has been successful in meeting its target of completing its projects in time and handing over the possession to people who have invested their hard earned money into homes built by Mona Townships.

Mona Greens, Zirakpur

Jade Business Park, Mohali

Mona Aero view, Mohali

The real estate markets trends show that a high growth can be achieved in 2016 because of the announcements of policies by government in 2015 such as: discount schemes, cut in interest rates and cut in mortgage rates. Recently there have been promises by various big blue chip companies willing to invest in Punjab and especially in this region. Read about the same in detail in one of our earlier blog posts. The trends are expected to rise in this region despite weak global cues.  Despite the market slump, much cheer was visible among the customers and investors of Mona Greens when handing over the keys to them, where the actual buyers moved in their new homes. 

 

A real need is a real one, and Mona Townships has addressed it from one end whereas its buyers have complemented it from the other. Looking forward to building more homes for the actual buyers, a timely possession and valuing their hard earnings, we at Mona Townships are at work!

Let's hope the best for the buyers and sellers and wish them good luck for the coming year 2016.