Real Estate Sector Blooms in Punjab

punjab-real-estatePunjab: The State of Punjab, famous for agriculture and industries is now stepping its best foot in the real estate section. From low rise buildings to skyscrapers, Punjab is striding quick and therefore leaving us with no doubt of becoming a hotter and prime real estate sector in the country in coming years. The cities in which high building activities are witnessed are Mohali, Amritsar, Zirakpur and Jalandhar. In these areas, an appreciation of 8-12% in the residential sector in past 6-8 months is noticed. Land acquisition and infrastructure development projects to real estate projects are seen highly seen in the cities like Bathinda, Ludhiana, Ropar and Patiala.Expanding industrial and retail sector in the cities has created demand in the residential segment. Also, with property prices soaring high in the neighbourhood states, Punjab is registering a higher number of residential and commercial transactions and property appreciation.Punjab Government with the Confederation of Real Estate Developers Association (CREDAI) is taking a lot of initiatives to enhance more investments in the real estate projects. Effective functioning of government in land clearance and approvals is attracting more developers. DLF, Emaar MGF, Unitech and Eldeco already house their residential and commercial projects in various cities.Prices:The current capital values of new projects at Amritsar, Zirakpur and Mohali varies between Rs 2,500-3,500 per sq ft.Mostly people from Punjab who have been settled abroad are making huge investments in their hometown. Comparatively low rates are attracting the bulk of buyers, but the time is not much far when we will see the rocketing hike in Punjab too.займ на карту без отказов круглосуточновзять кредит онлайн

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