LUDHIANA Picking up ?

Ludhiana, the largest city of Punjab, with an estimated population of 1.9 million, holds a million promises in the Realty world. It is the industrial hub of Punjab and is known as the Manchester of India. Ludhiana being a fertile agricultural land, population density is on the higher side being 804 per square kilometre.

It is obvious that in such a prosperous land as Ludhiana, there would a considerable demand for real estate. There are several real estate giants at play in this city.

To name a few, we have, Vipul Limited, Emaar MGF, Omaxe Limited, Akme Projects Limited, Eldeco Group, Pearls Infrastructure Limited and Ansal API. The most widely known projects of this area can be pointed out as Vipul World, Eldeco Estate, Omaxe Royal Residency, Palm Garden, Emaar MGF, IREO Township and Pearl City. From the point of infrastructural development, Augtics team has earmarked certain areas as having seen the most developmental activities. These areas are the region on the sides of Expressway to Mohali, the regions around the International Airport and the areas flanking the Ring Road. The areas that have seen rapid growth in the recent past and are still under active construction are the regions around Jalandhar Road, Ferozepur Road, Pakhowal Road and Sidwan Canal Road.

Sarabha Nagar, Gurudev Nagar and Civil Lines are a few of the posh localities of Ludhiana. A thorough study reveals that land/plot rates vary widely in the different locations of Ludhiana. Sarabha Nagar tops the score with Rs. 45,000 to 70,000/sq. yrd., followed by Gurudev Nagar with Rs. 40,000 to 60,000/sq. yrd. Then comes Model Town Extension with Rs. 35,000 to 60,000/sq. yrd. and Green Field with Rs. 35,000 to 50,000/sq. yrd. Civil Lines show a rate of Rs. 40,000 to 55,000/sq. yrd. and SBS Nagar comes next with Rs. 18,000 to 25000/sq. yrd. Rajpura Nagar sells at Rs. 20,000 to 30,000/sq. yrd. & Vishal Nagar at Rs. 15,000 to 25,000/sq. yrd.

Finally, to sum up it can be concluded that the Augtics team has rated Ludhiana as a region of moderate prospects from the point of view of property investment.