Real Estate Agents Ludhiana,Real Estate Property Agents Ludhiana,Real Estate Agents In Ludhiana

The real estate business in this industrial city of Ludhiana has been showing signs of mobility during the last four years owing to industrial boom. There are areas, declared commercial recently, command a very high premium due to limited availability in these areas.

While interest rates have seen a rise from mid-2005 onwards they are still lower than what people have been witnessed in the eighties and nineties. The aspirations from middle-class India for better housing and facilities continues and this is one of the major reasons for real estate boom. People are now increasingly attempting to emulate and match global standards in living calling for new construction and the migration from traditional homes to apartment based communities.

Most property dealers agree that this is an excellent time to buy rather than sell. Properties on the outskirt of the city, whose population is around 50 lakh, are dubbed as the best investment for the future.

Property Trends

People are moving outwards
With the city limits spreading to about 10 km in every direction, people are moving outwards for purchase of residential properties. Selected pockets in the south and south-east have shown lot of buying interest in the last two or three months.

Real-estate transactions are limited to select area
The slight movement in the real estate business in recent months has been focused to a few new colonies on the Ferozepur road and the Pakhowal road due to lucrative housing loans being offered by most private banks on reduced interests.

Properties have good price and byers are increasing
In most parts of the city, properties command a good price. What appears far today will become central in a few years. Kitchlu Nagar used to be deserted 20 years ago, but has prices sky-rocketing today.

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