Overview of Khanpur, Mohali

Location and Amenities

Khanpur, found in Mohali, stands out as a popular spot for living because of its close access to important features. It offers nearby schools, hospitals, and other key sites, making it an appealing choice for both buyers and renters.

Property Prices and Trends

• Starting Price: The base price of homes in Khanpur is Rs. 2,579 per square foot.
• Average Price: The typical cost of homes in Khanpur is Rs. 4,918 per square foot, with a yearly (YoY) rise of 12.87%.
• Price Range: Prices can range between Rs. 3,466 and Rs. 8,352 per square foot.

Recent Market Changes

• As of September 2024, owner rates for living spaces in Mohali, including Khanpur, have risen by 26% to 50%. The rates have jumped from ₹30,000 to ₹45,000 per square yard for housing units.

Types of Properties Available

• Residential Projects: New areas like Nirwana Heights feature 1, 2, 3, and 4 BHK flats and duplexes. Prices start around Rs. 5.14 K/sq.ft. These projects come with amenities like lifts, waterproof systems, fire safety, and security round the clock.
• Independent Houses and Apartments: The area caters to various tastes with properties ranging from standalone houses to apartments.

Rental Market

• Renters can find 2 BHK flats starting from ₹20,000 per month with a deposit that’s twice the monthly rent, and 1-bedroom houses starting at ₹7,000 per month plus ₹7,000 in deposits.

PropertyWala's Conclusion

In real estate, Khanpur, Mohali, seems like a good pick for both buyers and renters. It’s near essential amenities, and recent trends show increasing prices, hence a good deal for investment. Though, buyers should note the new rates up by taxes, which might add to property costs. Renters will find many options fitting different budgets and wants. Truly, Khanpur blends affordability, services, and future value increase in property prices.