Annual increase in price per sq feet in this city, basis makaan listings
Property in Amritsar
: an overview
About Amritsar is a city in the northwestern part of India, in Punjab. Situated 217 kilometres northwest of state capital of Chandigarh, it is also in close proximity to Pakistan, with the Wagah Border only 28 kilometres from here. It hosts the famous Golden Temple, the spiritual and cultural centre for the Sikh religion. Attracting almost as many, or more, visitors than the Taj Mahal, it is also the most popular destination for NRIs in India. Amritsar is also home to the Ramtirth Temple, believed to be the Ashram site of Maharishi Valmiki. The Akal Takht, the committee responsible for the upkeep of gurdwaras, is also based in this city. Amritsar has been selected as one of the heritage cities under central governments Heritage City Development and Augmentation Yojana (HRIDAY).
City infrastructure A proposed investment of Rs 580 crore has been agreed upon by the central and Punjab governments for the Amritsar BRTS, believed to relieve traffic congestion and improve air quality. Situated on the historic GT Road, Amritsar provides smooth connectivity through an intensive road network. For four-laning of the Amritsar-Jalandhar stretch of GT Road, Rs 450 crore is being spent. The proposal of a high-speed rail line by Indian Railways, to serve Delhi-Amritsar via Ambala, has also been made. The train is to run at high speeds of 160 km/hr, halving the travel time between the two cities from five hours. The project has generated interest among companies from Japan, China, the UK, and Canada. An elevated road with four lanes was linked to the National Highway to provide better access to the Golden Temple. You can get trains to Delhi, Kolkata, Mumbai, Hyderabad, and the other metros, from the Amritsar Railway Station.
Real estate Bypass Road and GT Road are the best locations to have a property in Amritsar. A rise in commercial activities has boosted the real estate market here. There also are several upcoming properties on the outskirts of the city. The considerable increase in property prices here indicate growth of the real estate market in Amritsar. Township living of international standards has made its way to the urban housing scheme in the city. Along with villas and condominiums, serviced apartments have also been introduced by some developers in their townships. Earlier, there used to be independent houses in private colonies, but now more and more multi-storey housing and cooperative societies are coming up.
Lifestyle The prominent tourist places in Amritsar include Durgiana Temple, Gobindgarh Fort, Harmandir Sahib, Jallianwala Bagh, and Wagah Border. There also are numerous prestigious educational institutions in this city. In recent times, several malls have come up, significantly improving the lifestyle of the local population. One also has easy access to quality medical services here, thanks to the well-equipped hospitals and health care centres present in the city.
Renting is a great option to earn an additional income. Metropolitan cities, including Delhi, assure good rental returns when compared to smaller cities. In the national capital, the annual rental yield saw an increase of around 3.39 percent. The Delhi–Mumbai Industrial Corridor (DMIC) and the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC) will further have a positive impact on the rental sector in the city. Let's look at the five promising localities that witnessed an increase in rental values over the last few months.
Bathinda Airport To Give Fillip To Model Town, Panchavati Nagar
The new airport at Bathinda is expected to boost realty sales in the town melting the slump that has prevailed for some time now. Business and jobs market will be favourably affected since better connectivity will bring Punjab's Malwa region into the limelight as a business centre.
How States Are Improving Life Of Those Who Build Our Homes
There were about 473 million skilled, semi-skilled and unskilled construction workers in India in 2011-12, according to a report by the International Labour Organization. To safeguard their interests, various states offer them benefits that include accident compensations, hospitalisation expenses, maternity care, pension scheme, educational support for children, etc.