Mohali’s IT City Project Drives Real Estate Boom
Mohali, a rising socio-economic hub in Punjab, has become India’s latest tech powerhouse. The IT City Project – an ambitious plan merging cutting-edge infrastructure and IT-friendly policies – has drawn major firms like Infosys and Tech Mahindra. This influx of tech giants is reshaping Mohali’s real estate scene, leading to a surge in demand for residential housing and commercial spaces.
Corporate Interest and Infrastructure Boom
Mohali’s shift to an IT hub comes from strategic planning and government support. The Quark City IT Park, a cornerstone of this project, offers top-notch facilities for tech companies. This, along with its proximity to Chandigarh and access to a skilled workforce, has made the city attractive to global firms.
Key Growth Drivers:
- Modern Infrastructure: Commercial office spaces, connectivity, and international airport access
- Talent Pool: Over 30,000 IT professionals from local universities and institutions
- Cost Efficiency: Lower operational costs compared to other cities
- Government Support: Tax incentives and simplified business regulations
Real Estate Market Boom
The tech sector’s expansion has caused a real estate boom, especially in areas served by Mohali’s IT ecosystem:
Residential Demand:
- Luxury Housing Projects: Developers focus on amenities like smart homes and proximity to IT parks
- Rental Market: High demand for furnished apartments near corporate campuses
- Investment Trends: Buyers looking for long-term growth in peripheral areas
Commercial Spaces:
- Grade-A Office Complexes: Increasing demand for spaces for tech startups and R&D centers
- Mixed-Use Developments: Combining retail, offices, and coworking spaces
- Logistics Growth: Warehousing expansion to support e-commerce and IT supply chains
Government’s Role in Growth
Mohali’s administration has actively supported this transformation through:
- IT Park Expansion: Expanding Quark City and new industrial zones
- Transit Enhancements: Improving road networks and public transport links
- Education Partnerships: Collaborating with institutes to fill skill gaps
This blend of corporate investment and civic infrastructure makes Mohali a model for India’s tech-driven urbanisation. As more companies relocate, the real estate sector is set for sustained growth, offering opportunities for developers, investors, and end-users. Mohali’s story shows how strategic planning and innovation can reshape regional economies and create new property dynamics.