Jalandhar Property Market Information

Jalandhar is an ancient city in India, and it is one of the upcoming cities in all aspects, including the realty sector. Apart from being ancient, the city boasts of fantastic overall development at the moment. The Central and State governments have worked together in lifting the Jalandhar real estate sector. The development programs in the city are at par with international standards.

The city is well connected by railways and roadways. Attention brings the responsibility to carry ahead the focus well. The state government is taking utmost care in developing power and energy infrastructure in the city to meet the demands of the economy. Along with tourism, rental value of the properties in Jalandhar has also increased. Capital value of residential plot is almost Rs 3000 per sq. ft. The growth is not limited to merely the realty market; city is improving as an industrial hub in the fields of textile industry, iron mills, sports goods and beautiful furniture.

Residential Property Prices in Jalandhar

Residential properties in Jalandhar are quite expensive than you would possibly expect them to be. Due to the abundant projects and industries coming up, the real estate prices are gradually reaching the sky. A residential plot in urban estate, Jalandhar, measuring 500 square yards can cost you around Rs. 1,80,00,000.

3 BHK and 4 BHK apartments in urban estate are priced in the range of Rs. 50 to 60 lakhs. A 3 bedroom independent house in Guru Tegh Bahadur Nagar, measuring 1650 sq. ft., can cost you somewhere around Rs. 45 lakhs to Rs. 50 lakhs.

Residential plots in Jalandhar cantonment, measuring 600-625 square meters, will cost you around Rs. 15 lakhs to Rs. 16 lakhs; likewise, a 5 bedroom independent house cantonment is priced over a whooping one crore rupees.

Foreign direct investments in the city have increased in the city, and high numbers of NRIs are currently investing in the Jalandhar real estate segment. No matter what you invest on, commercial properties, retail sectors, or residential properties, there are many investment opportunities to garner huge profits from in Jalandhar.

Commercial Properties Prices in Jalandhar

Sports equipment manufacturers and industries have made huge investments in the retail industry. People are gaining higher returns on commercial property investments. So, buying a commercial property in Jalandhar is a wise idea at the moment. Profit choices float around 7 to 10 percent profits per annum in commercial properties; whereas in residential sectors, you can expect four to seven percent profits.

Commercial property in Garh road, measuring four acres, can cost you Rs. 75 crores on the Ludhiana high road. Shops in GT road, measuring around 4000 sq. ft., can costs you about Rs. 2,00,00,000. Agricultural plots in Sultanpur, Jalandhar, are priced over Rs. 1,00,00,000.

Multipurpose buildings in Phagwara road in Jalandhar, measuring 4 acres, are currently selling in the range of Rs. 75,00,000. Commercial shops in model town, measuring 1500-1600 square feet, are priced around the Rs. 50 lakh price mark.

Referring to the above figures, it is pretty clear that investing funds on commercial properties can fetch you greater profits in the Jalandhar property markets.

Upcoming Real Estate Projects

Taking the prominent development into consideration in all the real estate segments viz. commercial, residential, and retail, Jalandhar real estate industry has managed to reach a respectable position in the Indian realty markets.

Famous real estate builders, such as DLF, have invested more in shopping arcades to provide the modish shopping experience to the residents of this wonderful city. Other prominent builders have announced plans of developing almost 60 multiplexes across the city, with entertainment opportunities for one and all.

Not only malls and multiplexes, Jalandhar is completely set to greet the multi-dimensional frivolous clubs for the people residing in the city. Nitishree Builders are coming up with a recreational club that includes an exclusive NRI project and a township with all kinds of luxuries of imperial and stylish lifestyle. The Jalandhar real estate industry is all set to astonish the country with its rapid development, and NRI Punjabis are showing utmost interest in investing in the hometown.