Mohali is a city adjacent to Chandigarh in Punjab. Mohali was conceived as an industrial township in late 1960s and early 1970s. Today, Mohali is a city with a very distinct image and not just a suburb of Chandigarh. Vast open spaces and large-scale industrial development, an already established population base and its easy connectivity to other cities are factors working in its favour.
Mohali houses many state-local companies like PTL (Punjab Tractor Limited), ICI Paints, and the Godrej Group. However, its popularity among large multinational corporations is propelling fast development. Mohali has become a preferred destination for number of IT/BPO companies looking for cost advantages. Office space in Mohali has been in demand by companies like Convergys, IDS Infotech, Dell and other business support companies. Spice Telecom's Punjab operations have Mohali as its headquarters. Ranbaxy Laboratories has a manufacturing plant in Mohali.
Real estate developers have rushed in and today Mohali has projects of developers like Emmar-MGF, TDI and Unitech. Mohali is projected to be amongst the first cities aimed at by the Punjab Urban Development Authority (PUDA) for transforming it into a world class city.
Much of the recent real estate development in Chandigarh, especially for IT/ITeS sector, is now concentrated in areas like Mohali. SP Infocity Mohali is a part of the QuarkCity SEZ. It is adjacent to the Dell facility which was also constructed and let out by the Shapoorji Pallonji group. QuarkCity is a 51-acre development in Mohali, developed by Denver based company Quark. It includes world-class residential, commercial, retail, hotel projects and an IT/ITES SEZ (Special Economic Zone). |
