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Divya Raju
posted on 9 MayMohali rents are crazy: What's the deal?
My neighbour's 2BHK rent in Sector 79 shot up 35% in a year, it's wild. I'm wondering if this rent surge is actually justified? Also, for young professionals, which Mohali sectors balance good value rent with convenience? Are areas like 65 or 82-84 still worth it?
#mohalirental#rent-hike#sector79#young-professionals#rental-market
Comments
It's definitely a dilemma. For young professionals, sectors like 65 and 82-84 were great for value and convenience, but now the 'value' part is debatable. Maybe look at the further peripheries, or even consider areas that are slightly less developed but have future potential. Sometimes, looking at towns adjacent to major cities, like some emerging areas near Airport Road (Gurgaon side), might offer better entry points if budget is a huge constraint. It means more commute, but could save a lot on rent or EMI.
What happened with your neighbour's rent then? Did they renew at the new rate or move out?
The problem is, Mohali is now being seen as the next big NCR-like hub, which is pushing prices up. I was comparing rent for a decent 2BHK and it's starting to touch what you'd pay in areas like Badshahpur in Gurugram, which is just wild. We came here for better value, but seems like that ship has sailed. The current market conditions are making it tough everywhere, but Mohali's surge feels disproportionate.
So, is it still a good long-term investment to buy property here if rents are so high? Or will the market crash eventually?
But is it really unjustified, or is there genuine development driving it? I heard about some new infrastructure projects and improved connectivity. Are these sectors like 79 or even 65 getting better amenities that justify the rent increase?
Dekho, development toh ho rahi hai, no doubt. New commercial hubs, better roads, and yes, the airport proximity is a big plus. Sector 79 and 65 especially have seen a lot of commercial activity and new residential projects, so demand is naturally up. But a 35% jump in one year? That feels more like speculation and landlords taking advantage than just organic growth. It's a tricky situation for anyone looking to rent now.
Totally agree with U1. Mohali rents are just out of control. I'm looking for a 1BHK and even those are hitting insane numbers.
Yaar, I thought I was the only one! My brother's 2BHK in Sector 79 also saw a crazy hike, almost 30%. Builders are just milking the demand, especially with all the new IT companies coming in. It's becoming impossible for young professionals like us to find good value.