In the wake of booming Real Estate Market in India, no city in the country has been untouched from its widening stretch. The beneficiaries of this boom have mostly been the upcoming cities. Jalandhar is one such city that promises a lot when it comes to property investment. Located in the North West of Punjab's Capital city Chandigarh, Jalandhar is one of the vibrant cities of Punjab. Steep industrialization, infrastructural development, Special Economic Zones etc., are some of the defining features of Jalandhar city.
The city has been known for excellent public amenities and infrastructural magnificence. The growing industrialization of Jalandhar has attracted a huge number of indigenous populations along with the people coming from other states for earning their bread and butter. This influx of population has tremendously increased the demand of all kinds of properties in the city. There is a huge demand of Industrial & Commercial Property in Jalandhar. Even the demand of residential properties is very high here. The Property Market in Jalandhar is teeming with investors as well as real estate developers to reap the benefits of property boom.
The factors influencing the growth of real estate market in Jalandhar is obviously its excellent amenities. Widening roads, matrix of flyovers and subways, well equipped hospitals and health centers, modern educational institutes, malls, and multiplexes have changed the face of Jalandhar city. The rates of property have been soaring and expected to grow at the faster speed in the next few years.
The important aspect of the real estate scenario of the Jalandhar city is its trend of market. The properties in the city are available for sale but more prominently on the rent and lease. Nowadays renting properties in Jalandhar has become a highly profitable business. Renting residential properties, PG accommodations, commercial space, etc. has captured the market with prominence. Apart from this, the major players of Real Estate have also invested a considerable amount of capital in market. They have developed several residential and commercial complexes in the city. They are available in at comparatively affordable rates here than the other cities of Punjab.