Ludhiana

Ludhiana's commercial hub, the Chaura Bazaar has seen a massive relocation by shopkeepers and businessmen in the recent past due to traffic congestion. The new destinations are areas like the Mall Road, Rani Jhansi Road, College Road, Ghumar Mandi and Model Town Extension, where commercial property prices have sky rocketed. Most business houses like Sant footwear, Jain and Dhir Jewellers, etc now have their retail outlets in these areas that most of their clients find much more approachable than the narrow inaccessible lanes in the old city. This has led to a commercial property boom in these areas. Construction due to the "elevated road project" on the G.T Road has also sparked some relocations from this area.

Genpact is one of the many companies making serious expansion plans in Ludhiana. Ludhiana that thrived on the small-scale sector has of late in the last 4-5 years evolved following a congenial business environment and a significantly secure law and order situation. This is also one of the determining factors for several companies planning to invest in the city.

Ludhiana has emerged as a premier center for education, thereby getting a niche over other cities in the procurement of skilled workforce required for the industrial setup bases here. Lifestyle of the people here are changing and they have started to shift to apartments and cottages that are freshly constructed. Housing complexes are mushrooming in the city.

The most sought after area for residential purpose at present at Bhai Randhir Singh Nagar, Shaheed Bhagat Singh Nagar, Raj Guru Nagar and Rishi Nagar. Besides Ragunath Enclave, Agarnagar Enclave, Madhuban Enclave, Ranjit Nagar, Sunil Park, Mahavir Nagar, Guru Amardass Nagar, etc are much sought after.

The southern and south-eastern areas of Ludhiana city are relatively pollution free. Therefore, most of the new developments are now taking place in the southern parts of the city. This includes the coming up of the PUDA approved colonies like the Basant Avenue, Sarabha Nagar Extension and South City.

Ludhiana is a famous industrial city largely involved in apparel and footwear manufacturing. The city is showing no signs of stagnancy and it is expanding at a remarkable pace. In one hand, big industrialists are investing huge amount of money in setting new factories, while on the other hand, infrastructural growth is a phenomenon to watch. Ludhiana comes in the grade III category of "growing cities". This is one indication of the kind of potential it has in the real estate sector.

Eastern Ludhiana like Samrala Road, Delhi Road, etc have industries in the neighborhood, while north - western areas like the Tajpur road, Jalandhar Road, etc are the dairy hub so, hence, untouched by industrialization.

While the Indian apparel industry is showing an upward growth curve, big fashion players are planning to set their base in Ludhiana. Moreover, its easy connectivity to the national capital Delhi as well as Rajasansi international airport, Amritsar has proved to be an advantage for business prospects in Ludhiana.