The real estate market in Punjab is booming, and investing your wise buck here is worth it for now and even for the long run. But, as we all know, the most popular residential hotspots in North India, such as Chandigarh and Mohali, have reached saturation, so the next big deal for real estate investment is Ludhiana. This is because when you invest in ready to move flats in Ludhiana, you naturally come closer to these towns. 

Being a commercial and industrial hub of Punjab, Ludhiana is a hustling-bustling district of Punjab, so the best location to buy property here is on the Chandigarh-Ludhiana road, where many residential societies have come up in recent years. 

Here are the 5 valuable tips for buying property in Ludhiana - 

Verified legally

This is one of the most important things to consider when buying affordable flats in Ludhiana. Now, this might not come up in people's minds, leading them to invest with their eyes closed. So, if you plan to invest with your hard-earned money, check all the legal factors.

RERA (Real Estate Regulatory Authority) approved

It is an act that protects the interest of home buyers as it specifies norms for real estate development, enhancing transparency in real estate transactions. So ensure that when you are investing in real estate, the project is RERA approved.

Budget

Be it Ludhiana or any other area, one of the most important steps to keep in mind is to set a proper budget for your suitability. So, when you plan to buy flats in Ludhiana, keep a budget in mind and then start your house hunting. This is because you don't want to pay more than the actual price in the market. 

Location

'Prime Location' is not necessarily always prime. So, it is highly advisable that when you are planning to invest in Ludhiana's real estate, you must go first there and ensure that the location is suitable for you and your loved ones. Analyse the overall infrastructure, facilities, and vicinity of hospitals, schools, police stations, etc.

Market research

Before investing in ready to move flats in Ludhiana, market research is very important to know what's best for you. Many factors, such as the local economy, demand for rental properties, and potential for price appreciation, come into play here. 

Experiencing strong economic growth in recent years, Ludhiana is a major industrial and commercial centre in Punjab. This makes it quite an attractive place to invest in real estate, and moreover, the prices here are generally lower than in other major cities in India despite it offering so much. 

So, if you plan to buy flats in Ludhiana, it is essential to keep these points in mind so that you can make a wise decision.