Jalandhar Realty on Growth Track

Jalandhar, formerly spelled as Jullundher, got its name from an ancient Datya King and son of the Holy Ganga, Danava Jalandhara. Ancient folklores have it that the demon Jalandhara lived inside water, hence the name Jal-andhara. It was once an independent state, Trigarta. Located some 80 kms from Amritsar, this ancient city can be traced back to the Indus Valley Civilisation. It is an integral remnant of the Harrapan civilization. Being on the banks of three revered rivers, the Ravi, the Beas and the Sutlej, this city is of historical importance in terms of its contributions to the art and architecture of India.Apart from being one of the oldest cities of Punjab, Jalandhar boasts to be one of the most progressive cities of India. The state and central governments have worked towards lifting the infrastructure in Jalandhar to be at par with international standards. It is well connected with the rest of the country by road and railways and most importantly through telecommunications. The state government is also involved in strengthening the energy and power infrastructure of the district to meet the growing demands of the growing economy.

Tourism in Jalandhar is a major contributor in the steady growth of the city, brought about by the architectural marvels like tombs and sarais built by Mughal emperors and empresses. Along with tourism that has flourished over the years, Jalandhar property market has grown tremendously. The retail formats have rental values of Rs. 105 per sq. ft. and capital values of Rs. 3,200 per sq. ft. Apart from the booming realty market; it is also one of the busiest industrial hubs, famous for its rubber goods, textiles industry, sports goods, iron mills and exquisite furniture.

Major sports equipments manufacturers have made huge investments in the retail sector. Over the years, foreign direct investments in Jalandhar have increased as more and more foreign investors including Non-Resident Indians (NRIs) seem to realize the significance of investments in Jalandhar’s real estate segment. Be it the commercial property or the residential property or the retail sector in Jalandhar, there is a plethora of investment opportunities sure to return huge profits. There is a distinguished increase in the mushrooming townships in Jalandhar as well.

Foreign investors, mainly NRIs with an eye on the steady and consistent growth in economy are showing interest by buying properties, making realty prices soar by quantum leaps. To buy property in Jalandhar is a smart choice as the profits hover around 7% to 10% in commercial properties whereas the residential sector offers somewhere near 4% to 7%. To further prove the point, the Indian government is also keen on taking proactive measures towards garnering maximum FDIs.

Upcoming Real Estate Projects

Owing to prominent development in all the three real estate segments: residential, commercial and retail, Jalandhar has managed to come under the world property radar earning a number of promising real estate ventures.

Prominent real estate builders like DLF, have invested in shopping arcades, the in-vogue shopping experience. Another builder has announced an ambitious plan of developing nearly 60 multiplexes across the district, opening a world of entertainment opportunities for the present and prospective population.

Not only multiplexes and malls, Jalandhar is all set to welcome a multi-dimensional recreational club to satiate the elite citizens. Conceived and actuated by Nitishree Builders, this dream project of a recreational club also includes the building up of an exclusive NRI project in Jalandhar city, a township complete with all the luxuries of a stylish and imperial lifestyle.

Jalandhar is all set to stun the world with its modern look.