Mohali's real estate scene is all about 3BHK apartments and luxury villas, with demand rising even when the market changes. This isn't by chance—it's a reflection of changing buyer thoughts and urban growth. Let's break down why these types are so popular and where they thrive.
Why 3BHK Flats Dominate Mohali’s Residential Market
Three-bedroom homes are now the go-to for families looking for space without going too fancy. Here’s why:
- Hybrid Lifestyle Needs: After the pandemic, having a home office and living with multiple generations makes extra rooms essential for those working near Mohali IT City.
- Smart Home Features: Builders include IoT systems in 3BHK designs at little extra cost—things like automated climate control and security features attract tech-savvy buyers.
- Government Support: Programs like PMAY help make mid-range homes more affordable, encouraging families to move up from 2BHK to 3BHK as incomes grow.
Villas: From Fancy to Practical
Luxury villas have moved from being just a status symbol to a practical choice, driven by:
Highway Expansion: Developers are offering more space for less money in Balongi and Kurali as compared to Chandigarh, attracting professionals and NRIs seeking good returns.
Infrastructure Growth: The new Mohali Airport and metro lines promise big increases in value, making villa plots near Banur a good way to fight inflation.
Customisation Options: Unlike standard apartments, villas offer flexibility in design—important for business owners needing retail spaces or home clinics.
Areas with High Demand
- Sector 70 & SOUs: Easy access to the airport and new metro lines push up prices for 3BHK units by 30%—especially liked by IT workers.
- Knowledge Park Corridor: Close to ISB and Punjab University, rental rates stay above 7%, making villas great for those in the education field.
- Kharar-Landran Belt: Lower land costs make villas here 10% cheaper compared to central Mohali, appealing to those looking for luxury on a budget.
Changing Trends Shaping Preferences
Sustainability is now a must—buyers won’t go for projects without solar panels or rainwater systems. Also, single-floor homes are becoming popular with retirees who want easy access without the upkeep of apartments. As Mohali’s infrastructure gets better, these trends will keep growing, but areas near IT and education centers are still the best for good returns. Whether you’re looking for growth or a better lifestyle, knowing these details helps you stand out from the crowd.