Airport Road Overview, Mohali

Location and Connectivity

• Airport Road in Mohali connects Shaheed Bhagat Singh International Airport to Mohali and Chandigarh. It acts as a major traffic route for vehicles heading to Zirakpur, Ambala, Delhi, Kharar, Rupnagar, Ludhiana, Anandpur Sahib, and beyond to Himachal Pradesh.
• The road connects to major roads like NH-5 and Kharar-Landran Road, saving travel time for Mohali residents.
• Public transportation links include Baba Banda Singh Bahadur ISBT and Mohali ISBT, although direct buses might not be readily available.

Infrastructure and Amenities

• Leading hospitals, like Harmony Hospital, Bhupindera Hospital, and Behgal multispecialty hospital, are in the area, though some are a bit further away.
• Residents have access to busy shopping areas like Furniture Market Chandigarh and City Heart. The locality also features well-kept parks and essential shops for daily use.
• The region boasts well-maintained roads, fresh air, and a calm, peaceful environment.

Property Prices

• The average price for apartments on Airport Road is ₹6,050 per square foot. Recently, collector rates have hiked, raising property registration costs by up to 50% for homes and up to 33% for businesses.
• The current collector rates increased from ₹30,000 to ₹45,000 per square yard for residential properties and from ₹30,000 to ₹40,000 per square yard for commercial ones.

Rental Market

• The area features:
  • Budget-friendly properties with rents under ₹16,000/month
  • Mid-budget options with rents from ₹16,000 to ₹21,000/month
  • Premium properties with rents over ₹21,000/month. Monthly rentals generally sit between ₹18,400 and ₹27,400.

Future Developments

• Planned projects include the Aeropolis City commercial and residential complex along Airport Road.
• An alternate route to Shaheed Bhagat Singh International Airport is on tap, with a planned metro line between Airport Chowk and Manakpur Kallar.
• Airport Road is to be widened between IT City Chowk and Kurla-Chandigarh Road to ease traffic congestion.

Popular Configurations and Preferences

• The favored choice in this region is 3 BHK standalone homes and plots.
• Buyers mostly look for homes priced below ₹50 lakhs.

PropertyWala's Verdict

Mohali’s Airport Road offers a great chance for both buyers and renters, with upscale residential choices, solid connectivity, and good amenities. Even though property acquisition costs have gone up due to a recent collector rate increase, the area's strategic spot and planned infrastructure improvements make it a strong investment. For those mixing affordability and luxury, Airport Road provides different choices from modest housing to upscale villas and flats. However, ongoing issues like the road's caved-in sections during rains should be taken into account. Still, the location’s appeal and future growth promise make it a solid real estate option in Mohali.