Punjab's road and civic upgrades are redefining Mohali's real estate value curve.
Register InterestMohali is in the middle of one of its biggest infrastructure cycles in years, and the numbers are starting to show up in property prices. The Punjab government has significantly increased allocation for Mohali's road and utility infrastructure in its 2025–26 budget, with several pending sector access roads and arterial links between Sectors 77–89 and the PR7 expressway either under construction or nearing completion. Historically, this kind of connectivity news has not stayed abstract for long. Road connectivity announcements alone have moved land prices in adjacent sectors by 15–25% in 12–18 months.
The centerpiece of this push is the PR-7 corridor. PR7 Road, the Zirakpur–Parwanoo Highway, is a 6-lane peripheral road forming the primary north-south arterial corridor of Greater Mohali, connecting Zirakpur to Kharar and Himachal Pradesh while passing through or near Chandigarh International Airport, IT City, Aerocity, Aerotropolis, and over a dozen major residential and commercial sectors. Alongside it, GMADA has been executing a parallel upgrade of the Airport Road itself. GMADA's Airport Road redesign incorporates IS-RATA (Integrated Smart Road Traffic Automation) systems - smart traffic signals, modern junction engineering, pedestrian infrastructure and improved lighting. The entire Airport Road corridor from Sector 68 to 79 has simultaneously seen roundabout construction and traffic calming at 16 intersections.
The pace of change extends beyond a single road. Mohali is also set to upgrade 21 roads under a Next Generation Roads programme with a total estimated cost of ₹1,004 crore, covering construction, upgradation, and maintenance for 10 years. On the connectivity front, the Mohali–Sirhind highway is likely to open in 2026 while the new Airport Road link from Phase 11 is expected by March 2026. Analysts tracking the market note the cumulative effect is significant: strategic corridors like the Mohali IT City–Kurali Expressway have slashed commutes by up to 45 minutes, and per April 2026 market reports these connectivity improvements have translated into a property price appreciation of 15-25% over the past two to three years.
Early investors along the Airport Road belt have already seen this play out. Price appreciation in Airport Road has already been significant, with a 157% rise over 5 years for flats. That said, delivery timelines on government infrastructure have not always held. GMADA has missed two previous deadlines for the Airport Link Road project, in December 2025 and March 2026. Buyers relying on infrastructure narratives to justify pricing should treat completion dates as directional rather than guaranteed, and verify ground-level construction progress through site visits before committing.
The broader market backdrop reinforces why this matters to homebuyers right now. Mohali's PR-7 Airport Road recently saw a ₹700-800 crore ultra-luxury residential launch from one of the region's most established developers, a signal of how much confidence large developers are placing in the corridor's medium-term fundamentals. Private capital placing ₹800 crore bets on Mohali, alongside intensifying regulatory scrutiny of development authorities and state investment in social infrastructure, together point to a market that supports rental demand from a working population.
For homebuyers evaluating Mohali today, the practical takeaway is that location relative to these upgrade corridors now matters more than proximity to Chandigarh alone. The Sector 101 industrial hub is generating employment and creating housing demand in adjacent sectors, Sector 87 is emerging as Mohali's commercial city centre anchoring mid-corridor activity, and continued airport traffic growth is driving hospitality and logistics real estate demand. M3M India has entered this market with M3M Mohali in Sector 94, positioned to benefit directly from the PR-7 and Airport Road upgrade cycle as it comes online over the next few years. As with any infrastructure-linked project, buyers should independently confirm RERA registration and possession timelines before booking, since the Punjab RERA listing for newer Mohali launches is still being finalized in several cases.
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