Overview of Gharuan, Mohali

Location and Accessibility

Gharuan sits in the Mohali district of Punjab and is booming rapidly. It's close to important places like Chandigarh University and linked to big cities like Chandigarh and Mohali. It's got good roads, including the Ludhiana-Chandigarh State Highway, which makes it a top spot for folks and investors alike.

Property Rates and Trends

Property rates in Gharuan have gone up big time in recent years:

• Residential properties are around ₹4,500 to ₹6,500 per square foot. This price changes based on the area and what it offers.
• For commercial properties, which aren't as common, prices range from ₹5,000 to ₹12,000 per square foot due to the area’s growing business scene.

Types of Properties Available

Gharuan has many kinds of properties for you to choose from:

• Residential Plots: These come in different sizes and are great for both buying as an investment or to build a home.
• Flats and Apartments: Fully and semi-furnished apartments from 1 BHK to 4 BHK are available, often in safe, gated communities with modern features.
• Independent Houses: These range from 2 BHK to 4 BHK, and some are fully furnished and ready to move in.
• Commercial Properties: These include shops, showrooms, and other spaces that fit local business needs.

Amenities and Infrastructure

Gharuan has many useful amenities:

• Educational Institutions: It's close to Chandigarh University and other schools, making it popular with families and students.
• Transportation: Excellent road and public transport links.
• Healthcare: Close to nearby hospitals and clinics.
• Shopping and Leisure: There are local markets, shopping centers, and recreational spots.

Recent Price Hikes

It's important to notice that Mohali, including Gharuan, has experienced big jumps in collector rates, which might affect buying prices:

• Rates for residential properties have gone up by 26% to 50%, depending on where you live.

Rental Options

If you're thinking of renting:

• PG Accommodations: You'll find many paying guest (PG) options especially near schools, priced from ₹3,500 to ₹6,500 a month.
• Flats and Houses: Rent for 1 BHK to 3 BHK flats and houses usually falls between ₹7,000 and ₹20,000 per month.

PropertyWala's Conclusion

In short, Gharuan, Mohali, offers a good real estate market with affordable and premium choices. Growing thanks to its close proximity to schools and better roads, it's a compelling option for both buyers and renters. However, those buying should consider the recent spike in collector rates for a realistic budget. All in all, Gharuan gives a mix of living and business opportunities, making it a smart choice for those looking to invest or call it home.