Amritsar

In the residential areas, the property price oscillates between Rs 6,000 and Rs 8,000 per square yard, whereas in the commercial areas it starts from Rs 20,000 per square yard and goes higher depending on location. The difference of price between commercial and residential areas varies from a minimum of Rs 4,000 to the maximum of Rs 10,000.

The local government authorities as well as several private entrepreneurs have started investing money in the residential properties. This is the reason behind the emergence of several townships and other community living facilities.

According to the rate list circulated by the district authorities, the price of residential areas inside the city near commercial markets went up to Rs 8,800 per square yard (PSY), while the price of commercial sites went to Rs 19,800 PSY.

There are several proposals by leading developers like Alpha Corp. to construct hotels and entertainment complexes in the city. Amritsar being one of the major cities in Punjab, the real estate players believe that such an initiative will bring about a fair escalation of property prices in the adjacent areas. This will help in catering to the potential inflow of investors into Amritsar and promote the tourism industry as well.

The company is also constructing a mall 'Alpha Mall' that by reports claim to have been booked by premier brands in India. There are reports of technology giants like Wipro planning to set up developmental centers in Amritsar. If such industrial trends continue like this, Amritsar stands a fair chance to present itself as one of the most promising and upcoming cities in India. IT industries and BPO sectors have turned their gaze towards Amritsar as their next destination.

The first planned city of the 18th century, Jaipur is showing potential to become a new age investment destination in North India. The city is strategically located with quick and easy access to Delhi, Gurgaon and Manesar. Through various leading educational institutions in Rajasthan, it offers skilled manpower and best of engineering and commercial business.

Gartner has identified Jaipur as an emerging destination for the ITES industry. Low attrition rates, reduced manpower costs and robust connectivity provide Jaipur an upper hand over other destinations in North India. Some of the major commercial projects emerging into the map of Jaipur are-

Vatika IT Park

Mahindra World City IT Park

World Trade Park

Goldsouk - Exclusive Jewelry Mall

MGF Metropolitan Mall

The 800-acre integrated Infotech city to be developed by Vatika besides providing international style of living also plans to develop a 50-acre IT Park with capacity of accommodating approximately 50,000 IT professionals and aided staff. There are also plans to develop a World Trade Park in Jaipur city, which will have offices, a convention centre, retail outlets, a five-star hotel, entertainment centers and computerized parking facilities for 1,100 vehicles.