Residential and Commercial Property Market in Punjab

India has many investing sectors but nowadays real estate sector become more famous. Everyone make a choice to invest in property at an affordable cost. There are lots of well-developed cities in India, but these days many big and popular projects are moving towards Punjab. There is rapid growth in property in Punjab and real estate sector includes cities like Ludhiana, Amritsar, Jalandhar, etc.

Residential Property in Chandigarh

As we all know, Chandigarh is the capital of two States Punjab & Haryana. And Chandigarh is the modern face of India in Real Estate sector. The demand for both residential and commercial increased in the city and other nearby areas. Those who invested in property in Chandigarh few years ago are reaping riches today. The property prices in posh areas are very expensive and it is offering big profit to owners. In outer areas of Chandigarh, the property is selling rapidly and is almost sold now. The property rates in these areas instead of Chandigarh are still affordable and thus, developers are making the main target invest there.

Commercial and Residential Property in Mohali

Having property in Mohali is fabulous. Mohali is part of tri cities- Chandigarh, Panchkula and Mohali. It is the 2^nd best option for buying a property after Chandigarh. Nowadays Mohali airport raises the property values in Mohali. It is one of the best places today regarding real estate which fulfills all the needs. An educational hub and commercial offices are mainly growing the demand for property in Mohali.

Residential & Commercial Property in Ludhiana

Ludhiana is an industrial city. There are lots of cycle components industries, textile industries, automobile industries and sewing tools industries. This is no hustle bustle in this city and greenery is in its surroundings. Many companies are planning to establish their offices here. Many shopping malls and complexes are constructed in different areas. Ludhiana is also known as an educational hub. Many students come from different states for their studies and live in P.G’s, take rooms on rent. And this increases the rapid growth in residential property. From both commercial and residential point of view, Ludhiana is developing the city in real estate market.

Residential Property in Amritsar

Amritsar property strikes the real estate market. Many big and famous builders are rapidly investing in Amritsar. Amritsar is famous for tourism because of Golden temple, Wagah border, Jallianwala Bagh and many more. The real estate market in Amritsar is developing rapidly both in commercial and residential. From the last few years, the rates of properties are almost doubled there.

Tips When Yous Are Buying a New-Build Residential Porperty

Many people love to be the first to live in the new property and buying a new constructed home is easier than buying an old re-sale residential property in India. If you are looking for a new build property in India and want information before buying then remember the following process:-

1.       Find out the difference between new-build property and re-sale property.

2.       Check the cost difference of a new build property and re-sale property and then find out the reason of difference.

3.       Check out the neighbors and other facilities including safety.

4.       Avoid disputed property and get approved for your home loan.

5.       Beware of Indian real estate market schemes and policies.

6.       Make sure about buyers choice over material from builder.

7.       Be sure about no hidden cost of a builder or a builder when purchasing new home

8.       Compare the room size, kitchen size and garden size with re-sale property

9.       Grab home insurance policies before buying.

10.   Also ask builder for home warranty like about construction work, material used warranty, etc. Read and understand properly.

Buyers need to find the answers of question set before buying new build property for their family.