Mohali Infrastructure Push: PR7 and IT City-Kurali Expressway Fuel Price Growth

Mohali's real estate market is undergoing one of its sharpest re-ratings in years, driven by two infrastructure corridors: the PR7 airport road and the newly opened IT City-Kurali Expressway. According to current market reports, these connectivity improvements have directly translated into a property price appreciation of 15-25% over the past two to three years across key sectors of the Greater Mohali Area.

The IT City-Kurali Expressway, which opened to traffic in December 2025, is the more recent trigger. The long-awaited Mohali IT City – Kurali expressway opened for vehicular traffic on Monday, delivering immediate relief to commuters by slashing travel time by nearly 45 minutes, even as the overall distance remains largely unchanged. Built at a cost of Rs 1,525.3 crore, the six-lane, access-controlled Greenfield corridor allows vehicles to travel at speeds of up to 100 kmph, offering uninterrupted, signal-free movement between Mohali and Kurali. The corridor forms Package-2 of the Rs 3,166.96-crore, 61.23-km Chandigarh-Ambala six-lane highway, connecting IT City Chowk in Mohali to Kurali via the Kurali-Siswan road. NHAI officials said the expressway will significantly improve travel efficiency, road safety and logistics movement while accelerating real estate and economic activity in IT City, New Chandigarh, Kharar and Kurali. A toll plaza at Bajheri became operational from February 1, with nearly 14,000 vehicles using the expressway daily, according to NHAI data.

PR7, Mohali's 200-foot airport road, is the older but equally influential growth driver. IT City sits directly on the 200-foot Airport Road (PR-7), giving it 5–8 km access to Chandigarh International Airport, and no other residential corridor in Tricity matches this proximity. Along this stretch, PR7 passes through or alongside some of the most strategically important addresses in the Chandigarh Tricity: the Chandigarh International Airport zone, GMADA Aerocity, GMADA IT City, the Aerotropolis development belt, and several of Mohali's most active residential and commercial sectors. Unlike most retrofitted city roads, PR7 was planned proactively as part of GMADA's master plan, laid down before many of the sectors it now serves were fully developed.

The numbers back up the trend. The IT City corridor has delivered a CAGR of 15–18% over the last 8 years, significantly outperforming broader Punjab real estate, with prime sector apartments moving from ₹4,000–5,000/sq ft in 2018 to ₹7,500–10,000/sq ft in 2026 — a 60–80% nominal appreciation in eight years. Government land sales are reinforcing this momentum: the GMADA e-auction on March 7, 2026 saw 37 out of 42 properties sold for total revenue of ₹3,136.97 crore, with the reserve price exceeded by 55%, including a Sector 62 mixed-use plot that hit ₹603 crore, the highest single bid of the auction. Shailendra Anand, former president of the Mohali Property Consultant Association, attributed the surge to a simple dynamic: "People's inclination towards Mohali has increased, making the rise in property prices natural."

Emerging sectors along these corridors are seeing the steepest gains. Mohali offers better LTV on bank loans, GMADA scheme access at collector-rate pricing, and higher absolute appreciation in emerging sectors, with Sectors 98, 108, and 109 having exceeded 100% appreciation in three years. Kurali itself, once considered too remote, has been repositioned by the new expressway — it is now just 20-25 minutes from IT City and 30-35 minutes from Chandigarh, and still offers some of the most affordable property in the region, with maximum appreciation potential for buyers willing to look slightly farther out.

For homebuyers, the takeaway is straightforward: infrastructure completion is now the single biggest price lever in Mohali. Buyers are increasingly moving away from saturated markets toward Mohali's planned townships, which offer modern amenities and superior ROI potential. With Package-1 of the Chandigarh-Ambala corridor (Ambala-Hisar Road to IT City) expected to open by mid-2026, and GMADA continuing its e-auction cycle through 2026, sectors along PR7 and the IT City-Kurali stretch remain in an active, infrastructure-led re-rating phase rather than a peaked one.

Developers are responding to this shift by expanding their presence in these corridors. M3M India, which has built a strong track record in Gurugram and NCR, has extended its footprint to Punjab with residential developments positioned near the airport road and IT City belt — precisely the zones this infrastructure push is reshaping. For buyers evaluating Mohali today, proximity to PR7 and the IT City-Kurali Expressway, without sitting directly on the noise-prone corridor itself, is emerging as the key site-selection filter for both end-users and investors.