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Dominic Almeida
Is Mohali seeing an artificial price spike right now?
Are we looking at an unsustainable pricing bubble across Mohali extension sectors right now? From my experience of tracking the tri-city market, the data shows capital values jumping almost 30-40% in two years, but rental yield abhi bhi 2.5% pe stuck hai. I have evaluated multiple deals around ₹1.2 Cr to ₹1.6 Cr ticket size, but secondary market absorption numbers match nahi ho rahe. Is this pure speculative frenzy or is there genuine end-user demand backing these rates? Not sure if entering now makes sense from a CAGR perspective, actually wait, even the resale liquidity looks sluggish... What kind of correction risk are current buyers factoring in?
#mohali#price-trend#rental-yield#cagr#resale-liquidity
Comments
At this point, nobody can tell for sure if it is an artificial bubble or natural spillover because Chandigarh simply has zero vacant land left to build on. Maybe prices won't crash dramatically, but a prolonged sideways stagnation of 3-4 years looks very probable, which is equally bad for first-time buyers relying on heavy loans. Mera toh simple funda hai, if I cannot find something under ₹90 Lakhs that fits my daily commute, I will continue renting in Manimajra for another year. Waise what happened to the Sector 82 deal you mentioned, did you officially withdraw your interest or are you renegotiating?
Bhai honestly, sab panic kar rahe hain ya actual correction aane ke chances hain? I had finalized a unit near Saini Majra, but now reading all this, I am feeling completely lost whether to sign the agreement or back out immediately. Someone please advise if builders are secretly negotiating discounts under the table right now?
Negotiation room definitely hai! I sat with two prominent developers last week, and the moment they realized I had pre-approved loan papers, they offered a direct ₹400 per sqft waiver plus free car parking. Upar se dikhate hain ki 90% inventory sold out hai, but ground pe tower lightings dekhoge toh barely 20 families reh rahi hoti hain. Don't pay the quoted price at all, push them hard.
Brokers are pushing this narrative that after Chandigarh saturated completely, Mohali is the only growth engine left. But look at ground reality near Mullanpur Garibdass and PR7 road, water supply and proper connecting roads are still pending in multiple pockets. I calculated my monthly outflow, ₹1.4 Cr flat means around ₹1.15 Lakh EMI at 8.75% home loan interest. If I get laid off from my IT job, this flat will sink my family financially, especially if there is zero resale liquidity. Is anyone here factoring in the risk of interest rate hikes if inflation stays sticky?
True, meri salary se toh ₹90k ki EMI bhi impossible lagti hai. Ek broker bol raha tha ki Rasulpur side plots le lo, but wahan bhi investors ne prices double kar diye hain bina proper basic infrastructure ke. Mujhe lagta hai thoda wait karna hi sensible decision hoga, blind FOMO mein fasne ka koi fayda nahi.
Interest rate hike ka direct impact resale demand pe hi padega, and that scares me the most. If EMI crosses 50% of monthly take-home salary, no bank will easily sanction loans to next buyers either. That is why genuine end users are staying away.
Price toh sach mein bahut zyada lag raha hai, middle class buyers ke liye entry impossible hoti ja rahi hai.
Ye post dekh kar meri toh heartbeat badh gayi yaar! I was literally on the verge of giving a token amount for a 3BHK in Sector 82 last weekend, but my father told me to wait. Budget already ₹1.1 Cr tak stretch ho chuka hai, and if prices crash by 15-20% right after I buy, I will be stuck paying massive EMIs for zero growth. Bhai, are people really struggling to sell secondary units right now?
Aapne bilkul sahi question uthaya. I visited New Chandigarh last month because everyone was hyping it up, but the prices quoted were ₹7500 per sqft for under-construction towers! Jab rental yield 2-3% hi milni hai toh itna high EMI burden uthane ka logic mujhe samajh nahi aa raha. My budget is barely ₹85 Lakhs, and watching these numbers, I feel completely priced out and scared to take any step.
Yes, secondary sales are painfully slow! My cousin put up his 3BHK flat near Airport Road 6 months ago, but hardly two genuine buyers showed up to visit. Sab brokers sirf rate inflate karke baithe hain, actual deal close karne waala koi nahi mil raha. It is honestly terrifying for people like us who are putting in life savings.