Meet, 45-year old Raman Kapur a well-established corporate
executive who lives with his family in Delhi and
recently decided to move out of the capital and relocate both his business and
home in the Chandigarh
capital region. He has bought an industrial plot in Chandigarh and a villa home in Mohali.
"The second wave of COVID hit Delhi hard and me and my family were unhappy
with the way things were getting out of hand. We felt unsafe and
uncomfortable. So I decided to move my parents and my grandmother
immediately to Mohali. This volatile situation ignited me to look for options
of living outside Delhi.
I was also quite perturbed with the choking of Delhi due to multiple reasons like population
growth, traffic and noise hazards and declining quality of life. We,
therefore, decided to relocate to the Chandigarh
capital region," said Kapur.
There are many more like Kapur who have decided to move lock,
stock and barrel to Mohali amidst the aftermath of COVID 19's second
wave. Real estate experts are pointing towards an interesting trend in the
real estate industry of tricity, particularly of Mohali which is witnessing a
huge rush of people migrating to Chandigarh
capital region. Such people comprise of all categories and class of people
from middle class to affluent sections of society.
According to Sanjeev Jindal, CEO Riverdale Group, a renowned
real estate organization of tricity, "A lot of end-users from Delhi- NCR
have decided to relocate to Chandigarh capital region as they are finding Delhi
NCR unsafe - mainly due to the problems faced by residents during the 2nd wave
of COVID 19, besides of course other issues like increasing pollution etc.
Mohali and Chandigarh
offer better medical infrastructure with many top corporate hospitals and the
prestigious PGIMER present here and ready to take up ongoing challenges. Not
just medical facilities, better civic amenities and proximity to the International Airport too are attracting investors
from tier 1cities. "
Riverdale Aerovista itself has witnessed a large number of
buyers visiting the project site for different types of units in its
inventory, from Delhi
and other areas outside tricity during COVID times. Many have bought properties
too. Other developers too are witnessing such buying and 'expression of
interest' by non-tricity buyers despite the COVID-19 blues. Mohali is emerging
as an ideal destination for 'end consumers' of real estate due to a lot of
'buying interest' being shown by residents of Tier 1 cities like
Delhi-NCR.
With Delhi NCR and other tier 1 cities bursting at the seams due
to overpopulation, unmanageable pollution, traffic nuisance etc, not only
people from Delhi NCR, but also from J&K, neighboring towns of Haryana,
Himachal as well as other metropolitan cities like Mumbai are looking at buying
property in Chandigarh Capital region, mainly Mohali. Value for money Homes
with better planned & growing infrastructure development is inspiring them
to make a beeline for relocating to Mohali.
Adds Jindal, "This trend is fuelling growth of real estate
industry in Chandigarh
capital region despite an overall economic slowdown being witnessed in all
sectors of economy due to the pandemic. Our residential township adjoining
the famous Aerocity in Mohali has rolled out very attractive and 'Value for
Money' offers for the customers."
Col Inderjeet Kumar, President, Strategic Planning &
Corporate relations, Riverdale Aerovista Group said ,"To meet the needs and
aspirations of customers from metropolitan cities like Delhi and Mumbai and
also those from neighbouring states, we are focusing on the premium segment of
homes with semi-luxury and luxury range supported by world-class amenities. We
have a plethora of ‘Ready to Move-In' options for the end-users."
"Mohali, as a Gateway to Punjab,
Himachal Pradesh, J&K and Haryana, has gained a lot of significance in
recent years. The urban town has become an ideal destination for not just Real
Estate developers and promoters but also for reputed brands in the fields of
Education, Healthcare, Hospitality, Education and Retail Consumer
products." Summed up Col Kumar.
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