Model Town - Affordable Housing Options Are the Best in Ludhiana

Ludhiana is the largest city in the state and enjoys the geographical benefit of being positioned adjacent to Delhi-Mumbai Industrial Corridor - which is a gateway for big commercial activities and attracting the intentions of Investors not only from India but abroad also.

Demand for Apartments- Residential property in Ludhiana has given a pace to commercial development as well. Ludhiana is already populated and expected to observe a growth in the population soon with students and professionals coming for studies and business opportunities. So the need of Apartments will grow automatically. A rapid growth in the number of shopping complexes, entertainment zones, mall spaces, etc. is also expected. Residential Flats in Ludhiana

Also, the NRIs are making investments in property back home in Punjab to make a quick buck. The NRIs prefer prime commercial or residential properties over agricultural land for the simple reason that both the genres of properties fetch instant buyers and yield hefty profits. “Earlier, I sold my hotel in a posh locality of Jalandhar for the sake of profit. Now, I am looking for a similar property which, could give back handsome profit after six months or one year. I don’t believe in holding properties for long as I have to run my business in Norway also,” said Mohinder Singh, a resident of Norway.

There are two main factors for smart cities E-Governance and City Participation, and the city scores high in both fields. Municipal Corporation of Ludhiana made excellent use of the social media (facebook & Twitter) to like with residents, especially young generation to seek opinion and ideas on the issues like traffic & pollution. This place has excellent scope for renovation and redevelopment to make it well-organized and liveable, which is an essential criteria for smart cities.

Ludhiana has major plans for metropolitan mobility and public transport through increasing & perfecting its city bus services and eco friendly transport mediums. Now this city is replacing diesel auto rickshaws with GPS Enabled Smart e-rickshaws and running a campaign to make this city as a bicycle friendly. Property price in Ludhiana is under reasonable tag, but now Ludhiana’s selection as a smart city, will give a definite boost to the property value and open up huge opening for real estate developers, investors & end users.