Overview of Sector 117, Mohali

Sector 117 in Mohali, near Chandigarh, is a great spot for real estate investment. Here’s what you need to keep in mind:

Location and Surroundings

In Mohali, near Chandigarh, Sector 117 stands out. It is right next to several other sectors, including Gillco Valley, Sector 112, Sector 113, Sector 114, Sector 115, Sector 116, Sector 121, Sector 123, Sector 124, and Sector 125. This central setting means easy access to various shops, offices, and other services.

Property Types and Builders

You’ll find many types of property here, from apartments to bigger houses and builder floors. Key builders like TDI Infrastructure, Pioneer Group, and Bajwa Developers have launched many projects. These include 1 BHK, 2 BHK, 3 BHK, and 4 BHK units.

Pricing and Trends

Prices for properties in Sector 117 vary a lot. You can expect to pay around Rs. 3,217 per square foot for the cheapest option. The average price is Rs. 6,031, but the most expensive can shoot up to Rs. 14,492 per square foot. Over the past year, prices have dropped by 39.68%, suggesting it might be a smart move to consider buying now.

Amenities and Infrastructure

Sector 117 is filled with schools like Government Primary School, Montessori Public High School, Delhi Public School. It also has hospital options like Thyrocare Centre, Omega Medi City, Bhupindera Hospital & Laboratory, and ESI Hospital. Plus, the whole area is in TDI City Mohali, a huge self-contained town developed on 230 acres with modern facilities.

Ready-to-Move and Under-Construction Projects

There are plenty of ready-to-move homes in Sector 117, with eight out of 13 apartments fully completed. This makes it possible to move in right away. But if you’re waiting for something new, there are also more recent and ongoing projects.

Rental Options

Anyone looking to rent will find many choices here, like fully furnished flats and houses. You can find 1 BHK, 2 BHK, and 3 BHK flats at good prices, often with all furnishings included.

PropertyWala's Conclusion

Sector 117, Mohali, has a good balance of affordability, nearby facilities, and strong infrastructure. Given its central spot, varied options, and falling property values, it’s an inviting choice for both buying and renting. Notable builders and a mix of already-ready and new homes make it even more appealing. But make sure to watch the market trends and think about your needs and budget before you decide.