Ludhiana, the state capital of Punjab, is a major industrial center in northern India. It is renowned as the Cultural-Cultural-Industrial Capital of Punjab, and it symbolizes one of Punjab's biggest success stories. The settlement was formerly called Lodhi-ana, which means "Lodi's town." The city is centrally located in the Malwa area of the Indian state of Punjab. The city's population is known as Ludhianvi, and they have managed to strike a balance between modernity and their age-old rich culture and history. The city is home to many NRI families, and the increase in inhabitants' investing power has been the primary driver of the city's real estate market's expansion.
Connectivity:
The city is well served by the road, rail, and aviation networks. Ludhiana Airport is located on the GT Road, 5 kilometers southeast of Ludhiana, near the little hamlet of Sahnewal. Two national highways travel through Doraha City, connecting NH 1 (Delhi to Amritsar) and NH 95 (Ludhiana - Ferozepur) near Agriculture University Ludhiana. It is a vital station on the route between Delhi and Jammu and Kashmir.
Infrastructure:
Over the last few years, Ludhiana has seen a growth in investments from the manufacturing sector and IT firms, resulting in job prospects for individuals in and around the city. The increase in investment across industries, particularly IT businesses, is attributable to the growing industrialization. With improved infrastructure and urban government, this offers additional job prospects and is among the many reasons why you should buy a plot in Ludhiana. The Punjab Infrastructure Development Board (PIBD) has completed the detailed project report for the city's Bus Rapid Transit System (BRTS). The project will connect two lines to the BRTS line (Ferozepur Road to Jagraon Bridge Flyover and Vishkarma Chowk to Jagraon Bridge Flyover). The project also includes major metropolitan roadways such as Hambran Road, Rahon Road, and Gill Road.
Overview of Real Estate:
Residential
Due to increased urbanization, residential units range in price from Rs.33 lakhs (two bedroom apartments) to Rs. 1.25 crore (penthouses). These apartments have air conditioning, refrigerators, washing machines, dishwashers, and televisions. Fero-zepur and Chandigarh Road are the most appealing locations for mixed-use developments and integrated townships. Sarabha Nagar, Civil Lines, and Gurdev Nagar are popular areas for high-end plotted complexes, with land prices ranging from Rs 2,200 to Rs 3,300 per sq ft. Model Town Extension, Rajguru Nagar, Maya Nagar, and Green Park are some of the new areas gaining developers' attention. Property prices in these areas range between Rs 1,660 and Rs 2,200 per square foot.
Commercial
When compared to Amritsar and Chandigarh, commercial property rates are quite affordable. Commercial properties are currently priced between Rs 3,500 and Rs 4,500 per square foot (Feroze Gandhi market). All banks and financial service providers are located in Feroze Gandhi Market, the city's commercial hub.
Ripss Infrastructure has the ability to create enormous returns on real estate investment. It is home to a variety of small and medium-sized businesses, given its current size. This city is also recognised for its electrical products, textile firms, and industrial fasteners. Its industrial boom has also aided the real estate sector's rise.
