Ludhiana is one of the most crowded cities of Punjab that is growing rapidly and has been witnessing urbanization for the past few years. Urbanization has paved the way for the development of infrastructure in the city. As a result, people of Ludhiana have experienced a change in their lifestyle or housing facility. Many reputed real estate developers have grabbed the development opportunity in the city and have started building luxury, well-maintained apartments. Considering the outstanding return on these properties, lots and lots of people are investing in residential as well as commercial projects.
Below mentioned are some of the reasons for buying property in Ludhiana:
Industrial Town
Ludhiana is an industrial town in Punjab. Lots and lots of IT companies are growing in this city along with retail outlets. It attracts lots of people to settle in the city in search of job opportunities. The increase in job opportunities has led to a massive boom in the value of flats in Ludhiana.
Location
Ludhiana is well connected with other states by road, rail and air. Due to this, the city has emerged as an ideal state for real estate investments.
Green Surroundings
Ludhiana is one of the cleanest and greenest cities in North India compared to other cities like Delhi, Gurgaon, Jaipur and many others. Therefore, this city is one of the best choices to stay, in case you do not want to live in a polluted city or are desperately looking for a place close to nature.
Low Cost of Living
This is another most important reason due to which real estate properties are in high demand in Ludhiana. The land and labour cost in the city is surprisingly low. Even the transportation cost is also low. All these factors collaboratively make it worth investing in property in Ludhiana.
Business Environment
Business opportunities are expanding in Ludhiana. It is expected that the investment opportunity is likely to expand in the IT sector, which can lead to an increase in employment opportunities for the people around the states, which can lead to an increase in demand for ready to move house in Ludhiana. It even induces leading builders to build up new residential projects. Even the number of NRI property in Punjab is also increasing rapidly.
Apart from all these, the climate of Ludhiana is also pleasant as compared to other North Indian cities. Moreover, substantial growth has already been observed in the availability of social amenities, malls, restaurants, private schools, and nursing homes. All these factors have contributed to an increase in the demand for real estate property in Ludhiana.
If you are planning to invest in a ready to move house in Ludhiana, I would suggest you to invest in the property as the demand for residential society in the city will increase in the coming years, resulting in a hike in property value. Hampton Homes is one of the eminent builders known in the marketplace for the past many years. It even has a project on the Ludhiana-Chandigarh highway that provides its residents with world-class amenities and recreational facilities. So, don’t just wait, book your dream house with Hampton Homes!
