Ludhiana Makes Strides in Realty

July 28, 2007	(2 votes, average: 3.5 out of 5)  Loading ...
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Hit by the mall culture, Ludhiana is soon to pave ways for lifestyle clubs and exclusive five star hotels. Retail and the hospitality sector in Ludhiana will boom on the back of IT companies and the opening up of the Wagah border for trade.

The fast flourishing real estate in Ludhiana is witnessing almost 100% growth rate and quick to realize the business potential. This seems to have encouraged the builders to come up with a number of real estate projects such as integrated Township proposals, pushing the property prices in Ludhiana further.

Among the builders with upcoming projects are Silver Oak, MBD Group, Ansals, K Mall, Aeron, Omaxe, and JMD Promoters. Earlier, the city was criticized to lack in style but it is soon to possess it as well with the development of clubs like Nirvana by Enchanted Woods. The club features a 9 holes golf course, retail outlets, and a five star hotel.

The MBD Group has recently signed a joint venture with Radisson Hotels to develop the MBD Neopolis, a premium mixed land use project including five star hotel, premium retail and an array of entertainment facilities.

In pipeline are shopping malls, multiplexes, group housings, and commercial complexes. The JMD Group is considering setting a mall cum multiplex with an investment of Rs 100 crore. The company has already signed up M2K for the multiplex.

Ludhiana property market has an immense potential which requires to be leveraged in an apt way. Developers are in process of identifying sites in other cities of Punjab.

News Published Under:   Real Estate India |

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