Recently, Taneja Developers and Ansal-API had launched their housing projects here. The township now boasts of most big names in the realty business such as Emaar-MGF, Unitech, Pearls Infrastructure, DLF and Unitech. Many small builders are also developing colonies in the township.

The company, which will be investing Rs 1,400 crore over the next three years on 14 projects across the country, has two upcoming projects in Punjab, the only state in north India the group is currently investing. Other than Mohali, its Spirit mall with Bharti Walmart’s hyper market is coming up in Amritsar. “We are also scouting for sites in Jalandhar for constructing NRI villas and apartments. Punjabis love stylish living and also have the spending power which is why after Pune and Bangalore, Punjab is where we are most keen on,” its business operations head said.

Meanwhile, amidst this realty blitz, upcoming international airport and soon to be released the masterplan (being prepared by Singapore’s Jurong International), prices of property here are already going up. “It has kick-started the sale and purchase of property in Mohali, which was almost stagnant for many months and deals have been made for most properties which were appearing on newspapers for months. The rich Punjabi Diaspora loves to invest in property and now they are scouting for sites in Mohali and Chandigarh. This is the place to invest for them,” says Mohali Property Consultants’ Association president Shailendra Anand.