In the last few years, the real estate market in Ludhiana has witnessed a boom. The city has emerged as one of the most preferred locations in Punjab for the investors who are willing to invest a huge amount in residential projects. The experts have pointed out a few relevant factors influencing the growth in the real estate market in Ludhiana.
Development of infrastructure: In the last five years there has been a tremendous growth in Ludhiana’s infrastructure starting from roads, hospitals, and schools, to shopping malls, restaurants, and more. The Government’s announcement of ‘Smart Cities Mission’ where Ludhiana has been chosen as one of the proposed smart cities in India worked as a catalyst to create a huge demand for residential property in Ludhiana. Industrial growth: Ludhiana is a home to many industries like textile, woolen, cycle, and more and it made this place a job hub for which people from different parts of India are now migrating to this city. Recently, major IT giants have shown their interest in this town in Punjab unlocking more opportunities for the job seekers. It has lead to increasing the property value. Better connectivity: Ludhiana enjoys a geographical benefit of being clustered around major cities like Jaipur, Gurgaon, and Delhi and it has opened doors for many business expansion. With a strong network of railways and highways, the city offers an easy access to different parts of the state and in other regions of North-Western India. A well-connected place automatically draws the attention of the real estate builders. Knowing the significant rise in the real estate market, if you are willing to invest in any premium projects in Ludhiana, apartments in Centra Greens will be a lucrative choice for you. The project is a joint venture by Oswal Greentech Ltd. and Arr Ess Industries at Pakhowal road, a prime location for residential developments. The high-end apartments are offering an unmatched comfort in addition to providing world-class amenities. This latest luxury address is open for booking and it will be ready for possession by this July. So gear up to take the plunge in the real estate sector and earn a lump sum profit by investing in this premium project.
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Property investment is a one-time investment for many like you. As property investment is a huge investment, it commands your attention and clear knowledge about the volatile sector. Any wrong investment will snatch your sleep and peace of mind permanently. You may have to face a financial loss if you make any such blunder. So this time if you have made up your mind to buy a residential apartment in Ludhiana, check the following guidelines to avoid getting duped. Budget: As the residential property is expensive you need to fix a budget first before you search for the projects. Price range varies from lacs to crores, and any deal where such high amount is involved demands your clean vision about the market. Many people go for investment in real estate sector to get tax benefits and if you are one of them, choose the property which is affordable for you. Renowned builder: Nowadays with the unprecedented growth in the real estate market, more and more builders are mushrooming everywhere. Novice home buyer or investor often choose any random builder to buy a residential property and later face unnecessary harassments. So to earn the maximum profit you need to choose a reputed builder with prior experience. Your investment will be secured, and you can expect timely possession. Moreover, eminent builders follow the rules strictly to ensure that there’s no dispute in their planning and construction. From land acquisition to the title, the renowned builders keep track of all legal documents, and they notify their clients on time. Moreover, their projects easily get sanctioned and being an investor or a home buyer you can easily get the loan from the bank to invest in the sanctioned project. Location: The price value of any property varies with the location. The more posh and prominent location you choose the higher will be the cost. So considering your budget you need to choose the location. Developing areas are the most lucrative option for investment. You can expect an outstanding return in the near future. Amenities: Many builders have shifted their attention to the Industrial town in Punjab and they are launching big apartments in Ludhiana. The high-rise apartments come with multiple facilities and world-class amenities. From tight security to gym, swimming pool and more you can expect within the residential complex. Don’t forget to check the amenities that your builder is offering and you also need to compare the price with other projects. If you have made up your plan to buy an apartment in Ludhiana, you can consider affordable flats in Centra Greens. The high-rise flat comes with ample of amenities from utility balcony to outdoor sports facilities and servant’s room to family lounge. Located in the posh area of Pakhowal Road, this big project is worth investing for you. As the real estate developers are spreading their operation past the smart cities, and make their preparations to urbanize the rural landscape, the small towns are finding the best qualities of both the worlds. Not just low-cost high-value property fares, these small towns are also capable of providing the pollution free lifestyle. The stylish homes and swank malls are no more the sole property of the metro cities. Small town places like Ludhiana and few more are also thriving in the real estate market. The city has always made its mark for the very affluent population, rather it is the Punjabi entrepreneurial spirit that has helped the place to be the nation's sports and knitwear capital. Characterized by some unplanned development, the urbanization policy of the state has encouraged the property developers to bring in the transformation and add some highly valued commercial space in the country. The real estate market in Ludhiana has actually grown along the arterial roads which lead out to Chandigarh, Jalandhar, and Ferozpur. The daily improvements of the city infrastructure and even the access that has been provided to the established real estate developers facilitated the conducive environment and come up with some of the quality projects in the area. Ever since the urban policy has come into action, the commercial market for the property in Ludhiana has finally found the upward trend. Be it the remote residential areas like the Pakhowal road, or some crowded areas in the heart of the city, the real estate market for both commercial and residential properties have actually found high conversion rate. Over just one decade, the foundation stone of almost eleven multi-functional multiplexes have been laid, and are currently at various stages of construction. The place has proved to be promising enough for the residential areas to splurge, and huge numbers of luxurious apartments in Centra Greens has been established to encourage this growth. With independent ownership still being the favorite choice of homemakers in Ludhiana, the residential apartments and high rises have always found the edge over the rest. Since the entire real estate market has revived from the inflation that hit the end of the last decade, there's no chance of it going down anytime soon. Experts believe that it is the best time for the investors to make the most of the ever growing market. It is the proper evaluation of the stable market, that helps in reaping the most of the investments done. |
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