Sector 89 in Mohali, Punjab, is a top-tier locality for both residences and investments. Key factors to consider in real estate terms:

Location and Accessibility

Sector 89 is positioned in Mohali, within the Chandigarh tricity region, beside Panchkula. It easily connects to major hubs in Mohali and Chandigarh. Landmarks like the 200 ft. Airport road and CP-67 mall are nearby, making access seamless.

Property Types and Pricing

The area showcases various property types such as plots, apartments, standalone houses, and builder floors with pricing tailored to different financial situations:

• For plots, prices vary between ₹50 Lac and ₹4.25 Cr, averaging ₹12,275 per square foot.
• Apartments range from ₹51.9 Lac to ₹4.25 Cr, averaging ₹9,828 per square foot.
• Standalone houses fall between ₹1.45 Cr and ₹7.25 Cr with an average of ₹20,795 per square foot.
• Builder floors cost around ₹55 Lac.

Amenities and Infrastructure

Sector 89 is vibrant and well-equipped with essential amenities like schools, hospitals, shopping centers, and parks. It’s managed by the Greater Mohali Area Development Authority (GMADA), promising green parks and underground wiring.

Investment Potential

This locality is rapidly expanding with many upcoming residential projects, thus making it appealing to investors. There's a likely 25% to 30% appreciation in property prices in the next few years.

Specific Plot Details

Plots in Sector 89 range from 100 sq. yards to 300 sq. yards, some facing parks or having advantageous corner positions. Many plots are road-facing, providing extra perks like ample parking and large green areas.

Price Trends

The average price per square foot in Sector 89 is ₹13,826, ranging from ₹7,516 to ₹31,250 per square foot. These price trends support profitable buying and selling in this area.

PropertyWala's Final Analysis

In short, Sector 89, Mohali, offers great prospects for homebuyers and investors. Its prime position, assorted property choices, and comprehensive infrastructure provide a convenient and modern lifestyle. With its high growth rate and substantial property value increases forecast, it stands out for real estate investment. Whether you’re looking for a home or a financial opportunity, Sector 89 meets diverse budgets and preferences.