Infrastructure is the biggest driver of real estate value, and it’s always been that way. When a city puts some decent money into building better roads, tying things together and making it smoother to get from one point to another, property prices follow suit pretty quickly. And that’s exactly what’s happening in the Tricity region right now. One major upgrade that’s really getting people talking is the PR-7 Airport Road corridor being expanded and overhauled.
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PR-7, known to some as the backbone of New Mohali’s growth story, has now gone from being just a useful route to a real driving force behind some serious residential and commercial development. For homebuyers, investors and developers, the impact is becoming obvious, particularly where top-notch developments like Homeland Regalia are concerned.
The PR-7 Airport Road was always supposed to be a top-of-the-line route that would connect the dots between all the key spots in Mohali, Zirakpur, the Chandigarh International Airport and all the new residential areas around. And that’s basically what it’s turned out to be, one of the main places where the city is really growing and developing.
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Recent improvements like road widening, redesigned junctions, traffic easing measures and new link roads are all about making the traffic flow better and reducing the pressure points on the route. And as part of all that, they’re even proposing to replace some of the key junctions with rotaries to make it safer and easier for people commuting.
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The result is that it’s now a whole lot more convenient for the people who live there. And in real estate, the easier it is to get somewhere, the more valuable it is.
Real estate markets tend to reward places that have the best connections. The minute travel times get shorter, and the road networks get better, buyer demand goes up.
This happens because of the three good reasons:
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People want to live in places that have good transport connectivity so that they can reach their destination quickly. PR-7 is a big plus for Homeland Regalia as it provides seamless access to Chandigarh, the international airport, all the IT companies, the best schools, good hospitals & shopping areas.
The better the accessibility, the more attractive places become, and that’s true for both home buyers and investors.
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Retailers, offices, hotels, and all sorts of commercial developments follow good roads and want to be near the well-connected corridors. As the area gets busier, the residential properties around do better because their value goes up.
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If the government is working towards the betterment of the infrastructure in a particular area, that means there is a sign of growth in the near future.
This gives buyers an idea to put their money in the projects, knowing that the place is only going to get better.
One of Homeland Regalia’s biggest selling points is its location right in the middle of all this growth.
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As the PR-7 road network keeps getting better, the people who live in Homeland Regalia can really benefit from having all the best bits of Chandigarh right on their doorstep. It’s not just good for getting to work; it’s good for living a good lifestyle too.
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The fact that you can get to Chandigarh, Mohali’s shopping district & the international airport quickly and easily adds loads of value to the place, both in terms of lifestyle and in terms of making a profit.
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In a lot of ways, Homeland Regalia isn’t just benefiting from growth; it’s in the middle of it all.
Generally, when we talk about property appreciation, it is discussed in numbers, but the idea of a better lifestyle is equally important.
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Having a decent road network means less time stuck in traffic, and who doesn’t love that
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All these things show a big impact on one’s life and a big influence on the purchasing decisions of the people, and make the surrounding residential areas that much more attractive.
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And it’s not just homeowners who benefit from this. Investors, too, will love the upside potential of sustained value appreciation over time.
Mohali’s already well on its way to becoming Punjab’s fastest-growing urban hotspot thanks to a combination of expanding infrastructure, IT money coming in and some planned urban planning. Road connectivity has been a major drawcard for the city when it comes to attracting residential and commercial investment.
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The PR-7 corridor is proving to be central to this surge in development.
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As the road expansion projects and new airport connectivity get underway, it’s no surprise that surrounding micro-markets are starting to get a lot of attention from buyers looking for long-term growth potential.
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Developments that are right on or near the corridor are set to be the biggest winners from the subsequent boost to accessibility and market demand.
When it comes to property, location is always key, but in today’s world, it’s all about connectivity.
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The ongoing expansion and modernisation of the PR-7 Airport Road is fundamentally changing how people live, work and play across the Tricity region. As the infrastructure improves, the value of properties in strategically positioned developments will naturally start to gain some serious momentum.
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For those looking for investment in a growth-hungry location, Homeland Regalia represents the ultimate advantage of being connected to one of the region’s most influential infrastructure corridors, where improved mobility, rising demand and long-term appreciation all come together to create serious value.
SALES GALLERY
Group Housing Site, Airport Road,
Sector 77, Sahibzada Ajit Singh Nagar,
Punjab 160070
PBRERA-SAS81-PR0757
Property managed by CBRE
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