Ever since its independence the Indian economy has been growing at a steady pace, but in the last decade the country has witnessed unprecedented, historic growth, climbing up the international hierarchy of global superpowers rapidly. At a time when the rest of the world was reeling from an international crisis accompanied by the catastrophic pandemic and political disturbance, effectively sending the global economy into recession, the Indian economy has not only preserved but acted as a global bright spot.
The country now boasts the 5th largest economy in the world as per International Monetary Fund. It is imperative to be cognizant of the fact that a significant contributor to this development in the face of adverse global economic conditions, is the ever-evolving and adapting investment landscape of the nation. While erstwhile it was the 8 metropolitan cities of the country which were the cardinal investment zones, the central and state governments have made concentrated efforts by instituting an array of policies and initiatives to expand the radius to Tier 2 and Tier 3 cities.
The government’s initiatives such as the Smart Cities Mission, in addition to the lower cost of living, relatively low entry costs on investment, higher yields, and superior infrastructural framework are precipitating these heretofore latent locales into a profitable investment opportunity. One of the Tier 2 cities leading this movement is the city of Mohali, also commonly known as SAS Nagar. Let us discuss some of the many reasons to invest in the flourishing region:
- Advantageous Location:
The city of Mohali is located adjacent to the capital city of Haryana and Punjab, Chandigarh. While a couple of decades ago the city was just a cluster of villages, today it has transformed into a buzzing locale with seamless inter and intrastate connectivity. A modern and systematic connectivity and transit schema plays an integral role in transfiguring a landscape into one apt for commercial and residential investment.
The construction of the Kharar-Landran road for instance has vastly improved the connectivity of Mohali to the rest of Punjab. Further, the road also connects the city with the Chandigarh-Ambala Expressway which provides a smooth commute to the northern part of the country’s major commercial and industrial hubs.
In addition to this, the city is also linked to major cities like Ambala, Chandigarh, and Delhi via a modern railway transit system and a world-class international airport. The proposed Metro link under the Chandigarh Metro Rail Project is primed to further boost access to the city.
- Government Initiatives:
The government of India has rolled out numerous programmes such as the Smart Cities Mission to develop advanced core infrastructure in Tier 2 and 3 cities. This has encouraged both foreign and domestic investors to pay attention to the untapped investment potential in these cities. In addition to this the Punjab Government with the assistance of Greater Mohali Area Development launched the Punjab Industrial and Business Policy in 2017 to attract investment in commercial spaces.
Government initiatives like these are greatly responsible for the development of Mohali into the IT Hub of Tricity. Today the city is home to internationally renowned IT giants like Infosys, Dell, IBM, TechMahindra, and many more.
- Employment Opportunities:
The availability of huge land parcels in Mohali at relatively lower entry costs when compared to the saturated market of the metropolitan cities in its vicinity, has made the city attractive to investors from various sectors from real estate to hospitality and retail. Presently Mohali houses over 10,000 industrial units and a world-class IT Park. Therefore, today the city has the potential to provide employment to tens of thousands of talented people, making the locale a harbour for the creme-de-la-creme of the future.
- Healthcare and Education
Mohali is emerging as a hub for the healthcare and education sectors. The region has several leading hospitals, medical colleges, and research institutes, which have attracted students and patients from different parts of the country. The city’s proximity to Chandigarh has also been a significant advantage in the growth of the healthcare and education sectors.
The education sector in Mohali has been witnessing significant growth in recent years as well. The region has several leading educational institutes such as the Indian School of Business, the Indian Institute of Science Education and Research, and the Chitkara University. These institutions have been attracting students from different parts of the country and have been contributing to the growth of the education sector in the region.
Developer of iconic real estate spaces, Emaar has successfully brought unique mixed-use commercial spaces known as Central Plaza to Mohali. Harnessing all the advantages of the location and super infrastructure offerings that the city has to offer, the shop-cum-office space provides a chance to invest in a progressive commercial land parcel that you can buy or lease, and design completely according to your vision and prerogative. Investing here provides an opportunity to invest in commercial land parcels, backed by the prestigious name of Emaar, and is sure to yield you great returns.
