Today, the real estate market is focusing on lavish living with all possible amenities. The definition of luxury apartments has changed now. Aiming at the rich property buyers of this generation, reputed real estate developers are launching world-class projects of international standards. However, the stand-alone flats are comparatively cheaper than housing complexes or apartment but surprisingly the latter is gaining more preferences. Firstly, people who are earning lump-sum always long for a magnificent lifestyle in a posh apartment surrounded by greenery. The residential real estate market has shown its substantial growth in various parts of Punjab, especially in Ludhiana. This city is on a growth track in the form of business, industry, education, retail, and IT. But is it the only reason for amazing development in the residential real estate market which is now dominated by Apartment culture? Let’s find out the real reason for this remarkable metamorphosis of this industrial hub of Punjab.
Industrial development: With a boom in industrial development followed by expansion of the IT industry, Ludhiana has paved the way for job seekers. People all across India are now headed for this city which is set on the bank of Sutlej. In addition to this development, many education centers have opened, and it has become a place for students as well. Now the development is not limited to the manufacturing units, IT, and institutions but the city has witnessed a growth in retail, hotel, and hospital industry as well. Earning and learning both changed the whole scenario and it dragged the attention of the real estate developers who aimed at the unexplored plots in Ludhiana.
Lavish lifestyle: People who are earning well at a young age get the right to dream big. Now to match up to their expectations builders are coming with more sophisticated premium apartments where they find all possible amenities. From tight security to the clubhouse, swimming pool, gym, lawns, kids’ zone, amphitheater, and more you can get in top-class apartments in Ludhiana. A city that is already filled with migrated crowd feels the demand for such lavish living.
Affordable apartments: After Chandigarh, Ludhiana is the most popular city in Punjab. The land and labor cost are comparatively low than any other developed north Indian cities including Noida, and Gurgaon. The low costing attracts the builders, and they find it a lucrative option for developing new projects. To lure the home buyers, the builders are making apartments more affordable for all income groups.
Since business is thriving in Ludhiana, it is expected to observe a spike in the real estate market within 2020. Evidently, the value of the property will grow high over the years. So people who are settling there want to invest in big projects. Residential apartment is gaining prominence over the villa and flat amid homebuyers for its multiple amenities and features. So this time if you are planning to buy your dream house you can consider apartments in Centra Greens. Its prominent location, ample amenities and convenient payment option are giving you a chance to be a proud homeowner. So hurry up and change your address!