Ludhiana is one of the most developed cities in Punjab and a popular real estate market. Read on to learn why you should invest in residential properties in Ludhiana:
Significant Industrial Sector
Ludhiana is known as Punjab’s industrial hub and the “Manchester of the East.” It is home to a variety of industries, including automobiles, machinery equipment, and so on. It also has world-class textile, bicycle, industrial fastener, and electronics manufacturers.
It is one of India’s fastest-growing cities due to its proximity to many industries and the development of infrastructure in this area as a result of access to these businesses. As a result, Ludhiana sees a high level of job creation, which increases the demand for residential real estate.
Affordability
The cost of living in this city is significantly lower than in most other top cities with comparable opportunities. Ludhiana has access to all modern metropolis amenities while also providing a low cost of living, making it an ideal choice for a residential location and that’s a reason why you should buy a plot in Ludhiana.
Greenery is nearby
Despite being an industrial city, Ludhiana is surrounded by many trees and open spaces. It provides residents with the comfort of fresh air in the midst of the chaos of city air. In addition, there are several gardens and parks in Ludhiana, such as the Nehru Rose Garden, where residents can relax in the greenery.
Business Center
Ludhiana is a prominent business hub in Punjab, in addition to being an industrial hotspot. Ludhiana is home to numerous important IT companies and business markets, which contribute to the state’s economy. Hero Cycles, Monte Carlo, Avon Cycles, Bonn, and other well-known brands are available in Ludhiana.
Ludhiana is experiencing rapid growth in real estate as a result of high disposable income and the presence of NRIs. As a result, newer hotels, malls, and residential areas are being constructed, which will boost property prices in the area.
Ludhiana Residential Real Estate Investment Opportunities
The following Ludhiana neighborhoods are ideal for residential real estate investments.
Dugri
This area of Ludhiana is one of the most desirable for residential properties. It is surrounded by major highways such as NH-95, Dugri Road, and Model Town Road, which connect it to the rest of the state and nearby cities. It is also close to Industrial Areas A and B, making it a desirable location.
All of the residential hubs in this area have modern amenities and are well connected by road and railway station.
Model Town
In terms of infrastructure and facilities, this is the best place to live in Ludhiana. This neighborhood is home to prestigious hospitals such as Guru Nanak Charitable Hospital as well as prestigious schools such as Greenland and other government elementary schools. Model Town also has a number of shopping zones, malls, and other amenities. It also links railways and highways.
Ripss Infrastructure provides world-class amenities, spacious and airy flats, high-quality construction materials, and lush green settings, to name a few USPs that add exclusivity and competitive advantage to the project. The scope of real estate in both commercial and residential sectors expands as the city grows, which bodes well for the Ludhiana real estate industry.