Established on the banks of Satalaj, Ludhiana’s industrial areas are ever growing. Well known for its bicycle manufacturing, the city fulfills more than half of the country’s requirement of the bicycles. Ludhiana also holds the great scale of the sports and knit wear industries. Being a cultural capital of the Punjab, it is most populated city in the state. The large population of the city lives abroad hence it is also known as the NRI district. The largest agricultural university is situated in the city as the Punjab is known for the agricultural farms. The city mostly houses the Punjabis hence it holds the cultural heritage of religion.Although the city is home for the sports and knit wear industries, it is transforming itself into a city of hi-tech Industries. The city is also becoming shelter for the sectors like IT, BPO and ITES as the government taken the initiative towards it. The entrepreneurial spirit of the people is leading into the growing industrial sectors in both small and big scale.With the growth in the different sectors, the people coming to the city are increasing exponentially thus pulling up the population level. The city is progressing rapidly in every sphere and it is attracting people around the city to settle in the mainstream of the city. The metro cities of the country are running out of land in the industrial areas. The government is trying to move the SEZ to smaller towns. Ludhiana is projected to cater the SEZ project which will help big multinationals to start their operations here. The metro project is supposed to start in the year 2015 as per the government estimation which will help people to travel through the city in lesser time.The most affecting factors on the real estates of the city are SEZ project and Metro Project; due to these projects more and more investors are investing their money in the real estate. IT, BPO and Industrial sectors always look for the well trained employees who must be residing in the city. Industrial development and residential development become the necessity of the every working sector. As the city holds great background for the educational colleges and universities it also affects the real estate to grow in its own way.The people from the villages in high volumes from all over the Punjab are migrating to Ludhiana due to the elevation in the living standard. Industrial entrepreneurs are more likely to invest their money in the real estate as the city serves lots of entrepreneurs it largely affects the real estate. Modifying the old residential buildings into the new commercial complexes in the heart of the city is the new trend of the real estate in Ludhiana. The NRIs from the city widely prefer to have a luxurious apartment or the house in the city which is a great aspect of the real estate in the city.Some hot spots of the city according to the real estate
- Feroze Gandhi Market
It is located to the west of the Ludhiana which serves as the residence of the retail sectors and commercial offices. This is one of the centralized location of the Ludhiana and widely known as the heart of the city.
- Pakhowal Road
With number of office cum retails projects coming out, this road has become the most important part of the residential area.
- Sarabha Nagar
Located to the west of the city Sarabha Nagar is the posh residential area in the town. The alternative residential parts of the city are Gurdev Nagar, BRS Nagar, Kitchlu Nagar, Civil Lines and Club Road.The real estate industry in the city is exponentially growing with the growth of the city’s retail and industrial sector. The real estate in Ludhiana will be at its peak in next few years as the IT, BPO and different Industrial sectors are changing the face of ludhiana. The attractive commercial and residential projects will catch the eye of customers in no time. The projects like SEZ and Metro as well as other Industrial projects are widely affecting the real estate in the city. The rates in Ludhiana varies from Rs 1500 per Sq. Ft. to Rs 4000 per Sq. Ft.займ на карту без отказов круглосуточновзять кредит онлайн