Punjab has one of the best infrastructures in India. The State along with private participants have continuously made investments to enhance connectivity, communication networks, and develop the urban infrastructure in the State. These include the development of new power plants which ensured that Punjab has the surplus and affordable power.
The State has made large investments in improving connectivity and has one of the highest road densities in India. Punjab also plans to develop all its 147 cities by providing 24×7 availability of affordable power, complete coverage for sewerage and improving roads in all cities.
Punjab is a rich district, and Punjabis give the impression of straightforward efficiency, but also sometimes of a lack of subtlety. Punjab has India’s best infrastructure, its most extensive road, rail, air and river transport links, has a high level of urbanization and has identified new areas for planned development.
It is the first state to introduce master planning of towns and master plans of all major cities to have already been notified. Punjab has the lowest poverty rate.
Market in Punjab
Punjab offers a cost advantage of 20 – 30% compared to cities such as Mumbai, Bangalore, Chennai, Delhi (NCR) and Pune where companies are experiencing rising costs due to high wage inflation and higher operational and real estate costs.In 2012, Punjab recorded 28% higher income per capita than the Indian average.
The State has a large propensity to consume and is in close proximity to other large markets which makes it an attractive destination for companies as well as for production. The opening of trade with Pakistan would also provide access to new and untapped international markets in Pakistan and Central Asia.
In 2012, Punjab recorded 28% higher income per capita than the Indian average. The State has a large propensity to consume and is in close proximity to other large markets which makes it an attractive destination for companies as well as for production.
The opening of trade with Pakistan would also provide access to new and untapped international markets in Pakistan and Central Asia.
Growth in Punjab
The state has grown by leaps and bounds in recent years, with development in every sector especially real estate that has enabled its infrastructure to reap rewards.Real estate in Punjab is all set to raise the bar of performance a notch higher each day thereby carving out a substantial niche for itself among other counterparts competing for the best. Staying in step with booming property prices, construction costs have soot up significantly in Punjab over the past few years. According to some estimates, property rates in Punjab have risen by 30% to 40% within just 12 months.
As per the industry soothsayers, Haryana and Punjab are expected to get a major share of a projected Rs 130,000 crore investment in real estate by 2010. The state is likely to zoom in the wake of commercial sector development as a major chunk of this handsome investment will go towards the commercial sector.
In the next four years, Punjab plans to provide all its 147 cities and towns with planned development, 24 x 7 availability of quality power, 100% coverage for sewerage, solid waste management facilities and projects to ensure smooth traffic flow.
So if you are ready toinvest for a better return then Punjab is the place which will surely fulfill your needs.
Real Estate Institute Of India is Real Estate Focused Industry Think Tank With The Sole Purpose Of Providing Value Inputs For Industry Benefit. Key Areas Will Be Education & Consulting . In spite Of Being Largest Provider Of Jobs In India Real Estate Was Largely Unregulated. Now With RERA Implementation Industry Is Looking At Regulated Market And Will Need More Trained Man Power. REII Is Poised To Take Leadership Position In This Domain. It Will Conduct Surveys,Research And Seminars For The Benefit Of Stake Holders.