Why This Comparison Matters for Mohali Investors
Mohali's thriving real estate market offers a key decision: lock in presale deals at the lowest prices or buy under-construction properties with reduced risk. Both promise returns but require different levels of risk tolerance. Let's break down where Mohali truly benefits investors.
Risk Analysis: Walking the Tightrope
Presale Properties
- Highest risk of construction delays
- Full reliance on developer credibility; bankruptcies leave buyers stranded
- Final product often differs from promised specs (e.g., Hero Homes Sector 88 layout changes)
- Minimal legal recourse until RERA registration activates
Under-Construction Properties
- Visible progress reduces abandonment fears (e.g., JLPL Falcon View Sector 66A)
- RERA compliance provides possession date accountability
- 40% lower risk of project non-completion compared to presale
- Unexpected cost escalations are still possible because of the raw material price surge
Return Comparison: The Profit Equation
| Factor | Presale | Under-Construction |
|---|---|---|
| Entry Price | ₹3,800/sq ft (Aerocity) | ₹4,500/sq ft (Same project) |
| Appreciation | 25-30% by 2025 | 15-20% by completion |
| Holding Period | 36-48 months | 18-24 months |
| Tax Benefits | Limited until possession | Immediate depreciation claims |
Mohali Case Studies: Real Numbers
Presale Win: Aerocity Extension An early investor bought 1,200 sq ft in 2023 for ₹42L. Despite a 14-month delay, the property value hit ₹1.1Cr by Q3 2025 (162% appreciation). Yet, 22% of buyers in this project still await possession.
Under-Construction Success: IT City Phase 2 Buyers entering mid-construction in 2024 paid ₹58L for similar units. An 18-month holding period yielded ₹82L (41% ROI) with zero delays. The shorter timeline allowed reinvestment into Knowledge City plots.
ROI Timeline Reality Check
Presale requires 3-5 years of patience for 20-30% annualised returns. But Mohali's infrastructure boom (New Airport Terminal, NH-5) accelerates under-construction gains. Data shows 68% of investors achieving target returns exited under-construction assets within 24 months versus 41 months for presale.
The Verdict: Where Mohali Wins
For aggressive investors: Presale in Aerocity or Knowledge City offers high potential if you thoroughly check the developer's track record. Conservative players benefit from under-construction properties in IT corridors where appreciation compounds faster than interest costs. Always cross-check RERA filings - the Noble Callista Mohali project saved buyers ₹11L/sq ft through timely intervention.