Mohali is a new destination of home buyers in Punjab

Q: Why the buyers are not showing that much of interested in buying apartments in Mohali?

Dhiraj, Bangalore

22nd March 2012

Real estate News in Mohali

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Replies (5)

The primary reason is lack of growth of Industries in Punjab. None of the bigger Companies are willing to come to Punjab with their ventures. The Onus is on the state government to Promote Mohali as a city which can give benfits to the corporates and industries by giving them additional benefits. This would bring overall growth to the region thereby fuelling more Jobs, opportunities. Currently there is no such evident initiative visible. Hence the lack of interest.

deepak sharma, Chandigarh

4th April 2012

Comment

The demand for apartment is very low in Mohali. Even an auction made by Greater Mohali Area Development Authority (GMADA) for Purab Apartments scheme did not attract much home buyers.

rajesh.sing2,

26th March 2012

Comment

Flat cost does not deserve for more than 40 lac for 3 bed room flat

Abc, Chandigarh

23rd March 2012

Comment

Very costly. Purba flats cannot be transferred

Abc, Chandigarh

23rd March 2012

Comment

It is too much costly. GAMADA Has looted people.Further, real estate Market is in rough phase. Speculators/investors are now shying away. Flats cannot be transferred for 5 years. Actual cost of 3 bed r,oom will be 80-85 lacs as interest 12 percent is to be paid with instalments