Overview of Zirakpur and Mohali
Zirakpur and Mohali, located in Punjab’s Mohali district near Chandigarh, are key real estate hubs. Zirakpur is a planned satellite city, while Mohali is known for its IT sector and residential areas, both benefiting from excellent connectivity via national highways.
Real Estate Demand in Zirakpur and Mohali in 2025
Market Trends and Demand Drivers
In 2025, the real estate market in these areas is flourishing due to infrastructure projects by the Greater Mohali Area Development Authority (GMADA), economic growth from IT and industrial sectors, and population increases. The post-pandemic recovery has also boosted demand, with a shift toward larger homes due to work-from-home trends.
Property Types and Price Projections
Demand is high for residential properties like 2BHK and 3BHK apartments, independent houses, and plotted developments, as well as commercial spaces like offices and retail and industrial properties like warehouses. Prices have risen, with Zirakpur’s apartments averaging around ₹49 lakh (up 5.4% recently) and Mohali’s Airport Road 2BHKs reaching ₹60-65 lakh, expected to continue rising in 2025.
Unexpected Detail: Industrial Growth
An unexpected detail is the significant demand for industrial properties, driven by new industrial zones in Mohali and Zirakpur, attracting manufacturers and logistics, which could reshape the commercial landscape.
Survey Note: Detailed Analysis of Real Estate Demand in Zirakpur and Mohali in 2025
As a real estate expert with over a decade of experience, I have closely followed the evolving dynamics of the Indian real estate market, particularly in the regions of Zirakpur and Mohali. These areas, part of Punjab’s Mohali district and strategically located near Chandigarh, have emerged as significant players in the real estate sector. This survey note provides a comprehensive analysis of the real estate demand in Zirakpur and Mohali in 2025 based on current trends, market reports, and projected developments.
Introduction to Zirakpur and Mohali
Zirakpur is a planned satellite city, neighboring Mohali and Chandigarh, set on the foothills of the Shivalik Hills and part of the Tehsil Dera Bassi. It serves as a gateway to Chandigarh from Delhi, with key areas like VIP Road, Dhakoli, and Baltana, and is well connected via national highways such as the Himalayan Expressway and the Ambala Chandigarh Expressway. Mohali, also known as SAS Nagar, is recognized for its IT hub, with developments like IT City and Aero City, and is a growing residential and commercial center. Both locations benefit from proximity to Chandigarh International Airport and major road networks, making them attractive for real estate investments.
Current Market Overview
In February 2025, the real estate market in Zirakpur and Mohali was experiencing robust growth driven by several key factors. Research from various reports, such as those from Tick Property and 99acres, indicates a strong recovery post-COVID-19, with increased sales and investments. For instance, Mohali has seen a real estate boom, particularly on Airport Road, with investors from the National Capital Region (NCR) showing enthusiasm despite rising prices. Zirakpur, on the other hand, has shown a 5.4% appreciation in property prices over the past year, with average apartment prices around ₹49 lakh.
The Greater Mohali Area Development Authority (GMADA) has played a crucial role, with master plans up to 2031 for Zirakpur and ongoing projects like Eco-city developments, enhancing infrastructure and attractiveness. Economic growth, fueled by IT companies, educational institutions, and industrial areas, has attracted a young and dynamic population, increasing demand for housing. The post-pandemic shift toward a work-from-home culture has also driven demand for larger residential units with dedicated workspaces.
Factors Driving Demand
Several factors contribute to the high demand in 2025:
- Infrastructure Development: GMADA’s efforts include new road projects like the Zirakpur bypass and greenfield alignments aimed at easing traffic congestion, particularly in areas like Kharar-Banur-Tepla and Zirakpur. These improvements enhance connectivity, making both areas more appealing for real estate investments.
- Economic Growth: Mohali’s IT sector, with projects like IT City, and Zirakpur’s industrial areas, such as those in sectors 102 and 83, have created job opportunities, attracting professionals and businesses. Reports from Cushman & Wakefield highlight the rise in industrial real estate demand, with Mohali and Zirakpur riding the wave of growth.
- Population Growth: The influx of people seeking better job prospects and quality of life has increased the need for residential properties. Millennials, particularly those aged 27-45, are driving the market, preferring luxury living and smart integration, as noted in a KS Group report.
- Post-Pandemic Recovery: The real estate sector has bounced back, with people shifting from saving to investing in property, believing it ensures the best returns. This trend is evident in increased stamp duty collections and auction sales, with Mohali reporting nearly ₹1,500 crore from recent auctions.
Property Types in Demand
The demand in 2025 spans various property types, reflecting diverse needs:
- Residential: 2BHK and 3BHK apartments, independent houses, and plotted developments are highly sought after. Zirakpur offers affordable options, with prices starting from ₹11.80 lakh, while Mohali caters to a mix of mid-range and luxury buyers, especially on Airport Road. The work-from-home trend has increased the demand for larger units with additional space.
- Commercial: Office spaces, retail shops, and malls are in demand due to the expanding business sector. Mohali’s IT City and commercial projects under GMADA have attracted businesses, while Zirakpur is seeing growth in retail spaces to cater to the local population. A Deloitte report highlights the shift toward hybrid work models, boosting commercial real estate growth.
- Industrial: Warehouses, manufacturing units, and logistics parks are seeing increased interest, driven by new industrial zones. A CBRE report notes the rise in data centers, benefiting commercial and industrial real estate in both areas, with Zirakpur offering industrial plots in its new township.
Price Trends and Projections
Price trends in recent years provide insight into future projections for 2025:
| Location | Average Price (Apartments) | Recent Trend | Projected Trend for 2025 |
|---|---|---|---|
| Zirakpur | ₹49 lakh | +5.4% last year | Likely to rise further |
| Mohali (Airport Road) | ₹60-65 lakh (2BHK) | Up from ₹45-50 lakh | Expected price increase |
Zirakpur’s property rates hover around ₹4,900 per sq ft, with a range of ₹24 lakh to ₹1.98 crore, showing an upward trend. Mohali, particularly Airport Road, has seen significant price hikes post-pandemic, with 2BHK prices rising from ₹45-50 lakh to ₹60-65 lakh, reflecting strong investor interest. Given ongoing developments and demand, prices are expected to continue rising in 2025, with Zirakpur remaining more affordable compared to Mohali.
Specific Developments and Projects
Several projects are shaping the real estate landscape in 2025:
- GMADA Master Plans: The master plan for Zirakpur up to 2031 includes sectoral planning and infrastructure enhancements, such as the 200-ft-wide planned road through Dayalpura connecting to Mohali, shortening distances. Eco-city projects and land acquisitions for low-density and high-density developments are also underway.
- Industrial Parks: New industrial areas in Mohali (sectors 102, 83) and Zirakpur are attracting investments, with reports highlighting their potential for real estate investors and business owners.
- Road and Highway Projects: The National Highways Authority of India (NHAI) has initiated projects like the six-lane Zirakpur bypass and greenfield alignments, expected to ease traffic and improve connectivity, particularly benefiting areas like Kharar and Zirakpur.
Despite these developments, challenges like traffic congestion and infrastructure gaps, especially in Zirakpur, have been noted, with reports indicating high fatality rates due to poor road conditions in 2024, highlighting areas for improvement.
Comparison Between Zirakpur and Mohali
A detailed comparison reveals distinct characteristics:
| Aspect | Zirakpur | Mohali |
|---|---|---|
| Location | Satellite city, gateway to Chandigarh | IT hub, part of SAS Nagar |
| Property Type Demand | High for residential, affordable options | Mix of residential and commercial |
| Price Range | ₹40.80 lakh – ₹1.98 crore | Higher, e.g., ₹60-65 lakh for 2BHK on Airport Road |
| Connectivity | Excellent via national highways | Strong, with IT City and airport proximity |
| Development Focus | Residential and industrial growth | Commercial and IT sector expansion |
Zirakpur is ideal for those seeking a quieter, suburban lifestyle with affordable housing, while Mohali appeals to professionals and businesses, offering a mix of residential and commercial properties with higher price points. Reports suggest Zirakpur’s industrial growth, particularly in data centers and warehouses, is an emerging trend, potentially reshaping its real estate market.
Conclusion
In conclusion, the real estate demand in Zirakpur and Mohali in 2025 is robust, driven by infrastructure development, economic growth, and changing lifestyle preferences. Zirakpur offers affordable residential options and is seeing significant industrial growth, while Mohali remains a commercial and IT hub with higher property prices. Investors and homebuyers should consider ongoing projects like GMADA master plans and road developments and stay informed about local trends to make sound decisions. The market’s evolution, particularly the unexpected rise in industrial properties, underscores the dynamic nature of these regions, promising lucrative opportunities for the future.
