Recent figures show Mohali’s residential property has seen a nearly 10% year to year jump in Q1 2025. That is solid growth even when basic as well as high salary packages in the city remain stagnant. What’s the reason behind it? 

• Strategic Advantage Over Neighbours – Mohali shines due to its proximity to Chandigarh, the International Airport and the expansive highway networks. Drivers include Aerocity, Sector 66 Mohali and the emerging IT city, areas offering both connectivity and convenience.

• Infrastructure Boom Sparks Optimism – Metro promise plans are underway to connect Chandigarh – Mohali – Panchkula, generating buyer sentiment. Enhanced roadways plus GMADA’s master planned expansion (covering 1600 acres in IT city) reinforce Mohali’s capacity to absorb growth.

• Diverse Buyer Groups, Varied Budgets – Salaries may be flat, but demand is coming from multiple fronts. First time home buyers and middle class families are gravitating towards mid segment apartments in areas like sector 65, sector 71 and sector 88. Luxury buyers and NRIs premium segments in areas like sector 66, sector 67, sector 68, sector 82-A. For people wanting to invest in plots, GMADA plots in Aerocity and the upcoming new sector 83-A remain hot, hitting close to 1.3 lakh to 1.5 lakh per gaj on resale.

• Investor Sentiment in Mohali – Bubble or Solid Ground – There is talk of a bubble within the Tricity region, especially in overheated zones such as Zirakpur. In Mohali many investors are remaining steadfast. Some say that property prices in Mohali will probably stagnate but not deflate. Legal and institutional backing – like RERA compliance and clear titles are holding buyers’ trust. However, certain areas within the city such as sector 66 has emerged as a top choice specially for corporate executives and retiring professionals that are looking forward to relocating from Gurgaon, Delhi and the wider NCR.

• Rental Yields Supplement Flat Salaries – For salaried professionals, rental income helps bridge affordability gaps. Rental yields average 3% to 4.5% reaching up to 6% in select luxury pockets. Steady rental demand in IT hubs and Aerocity ensures income streams for buyers.

• Where Buyers are Plumbing Their Money – Here is breakdown of Mohali showcasing different types of buyers for different areas within the city. 

• What is the Property Puzzle – With limited income growth, many people rely on EMIs, rental income and savings. While first time buyers focus on affordability and cash flow, HNIs (High Net-Worth Individuals), NRIs (Non-Resident Indian) and rental investors dominate high end markets. For the newer generation, preference is shifting towards renting and mobility over homeownership. 

• Risks to Watch Out For – High loan tenures could strain finances if interest rates rise. Metro or flyover slowdowns could stall appreciation in fringe zones. Some micro-markets like plots in sector 63 face stagnation. As interest rates cool down, there is a noticeable rise in serious homebuying across Mohali’s mid premium segments. Banks are offering flexible tenure plans, helping buyers stretch their budgets without straining their income. Reduced cost of funds is motivating many fence sitters to finally act on their real estate dreams. 

The Final Word 

The demand is buoyant – propelled by investors (locals & NRIs), rental income and speculative buyers, especially in well connected sectors. Though affordability has shifted toward emerging nodes and mortgage based purchases, stakes are high as long as EMIs are balanced by rental returns and future appreciation potential in Mohali. 

Mohali is not melting under salary packages, it is growing around them. Buyers in Mohali are making up for stagnant pay through long term financing, rental yields and structured investments in growth corridors.