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Ludhiana: Destination Next For Real Estate
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There is some excellent news for those who plan to invest in real estate in Ludhiana. The real estate market is showing great signs of recovery after a huge slump in the past year. A large group of people are investing in plots, apartments, and commercial property in upcoming residential projects in Ludhiana, which shows that the market is recovering significantly.
One of the pertinent reasons for this boom in upcoming residential projects in Ludhiana is the ministry’s decision to convert Ludhiana into a smart city. Ludhiana made it to the list of top 20 cities in the North that would be developed as smart cities by the Union Urban Development Ministry. As we all know smart cities are well-planned, environment-friendly and technologically integrated cities where people can live comfortably and luxuriously with the best facilities including schools, malls, hospitals, parks and other recreation facilities.
Even a lot of foreign investors are investing in the city. As a result, builders are now developing shopping malls in Ludhiana, residential complexes and commercial spaces in order to meet the increasing demands of the best residential projects in Ludhiana and offer its residents the best amenities and facilities. One of the other reasons Ludhiana’s real estate value has grown exponentially is its connectivity to the surrounding cities and other parts of the country. Ludhiana is well connected to other cities via excellent transport links, whether it’s rail, road or air. In fact, people living here can easily avail railroads, bus routes or airways to reach other cities or another corner of the country, making Ludhiana a hub for the best residential projects in the near future.
Ludhiana is an ideal location for a number of other reasons including the fact that in comparison to other cities of Punjab, the cost of land and labor is low in Ludhiana, making it a lucrative investment option for builders. Plus, there’s been a marked growth of big investments from IT companies and businesses in the city. As a result, the disposable incomes of people have increased and they are willing to invest in luxurious and upcoming residential projects in Ludhiana. The city is also green and makes for a pollution-free lifestyle and the crime rate is extremely low in the city, which makes this city a perfect location for families.
Overall, the scope for development in Ludhiana is huge, which is why it is emerging out as a popular real estate destination. Ludhiana will soon see a growth in the population with students and professionals coming to study and explore business opportunities. Hence, the need for apartments will continue to rise. Therefore, this is an ideal the time for the buyers and investors to perform their market research and invest in properties that offers good returns. There is no doubt that Ludhiana will be the next best real estate destination in India in the coming years, so the best time to invest in real estate in Ludhiana is now.
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