Real Estate in Ludhiana is progressing at a rapid pace. Ludhiana has attracted huge number of real estate investors because of its flourishing economy. The new destinations for the real estate commercial projects in Ludhiana are Mall Road, Ghumar Mandi, Feroze Gandhi Market, Link Road, Sarabha Nagar Market and Ferozepur Road instead of Chaura Bazaar. The Feroze Gandhi Market is located to the west of Ludhiana, which has become the first choice for business centres. In this area the retail sector is on the ground floor and the floors above are used for office purposes.
One of the recent trends in the real estate of Ludhiana is the transformation of present residential properties located in the heart of the city into commercial complexes. Pakhowal Road complexes are case in point where a number of office-cum-retail project are coming up. Presently, in the real estate market in Ludhiana there's no distinction between office and retail space. Both retail and office space are mostly for sale rather than on lease. The price of the commercial properties of Feroze Gandhi market range from Rs.3,500-4,500/sq.ft., Jalandhar Road properties is Rs.3,200/sq.ft.
The real estate in Ludhiana has also flourished in the residential sector. Sarabha Nagar located at the west of the city has many lavish residential projects. The other alternatives in the residential locations are Gurdev Nagar, BRS Nagar, Kitchlu Nagar, Civil Lines and Club Road. In the residential sector, some of the prime locations of Ludhiana are Sarabha Nagar, Civil Lines and Gurdev Nagar wioth the capital value of Rs.2,200-3,300/sq.ft. While in other areas the price ranges from Rs.1,400-1,800/sq.ft.
Some of the famous developers like Aerens and Omaxe have made mega projects in the city. Aerens has built a 500,000 sq.ft. Project of Festival City and Omaxe developed a 2 mn.sq.ft. project of Gold and Wedding Souk.
If you are willing to buy a house in Ludhiana, here are the names of few real estate agents who can help you:
- Khurana Realtors
21b, Nehru Sidhant Kendra, Feroze Gandhi Market
Phone: 0161-4640140
- Reliable Consultants (property Dvn.)
99,3rd Floor Fountain Plaza Building, Fountain Chowk
Phone: 9915777975,9915800011
- JMS Realtors
Shop no. 34 Nehru Siddhant Kender Building Feroze Gandhi Market
Phone: 9814714000
- Bhandari Estates Private Ltd
Bharat Nagar Chowk, Ferozepur Road
Phone: 91-161-2426161,09876108222
- Smile Real Estate
3/100 j, b.r.s nagar ludhiana-141012
Phone: 0161-2458345,98157-95821
- Khurana Sonz
The Hotel Khurana , near jagraon bridge,
Phone: 0161-2729275,76, 09872900039
- Rajan real estate
35,Model House West, Ludhiana
Phone: 94170-29413
- Sahyog Property Dealer
6 Sherpur Mkt Chowk Nr Water Tank
Ludhiana-141010
Phone: 0161-2603588
- Sehgal Property Dealers
Urban Est Ph-Ii 4409 Dugri Rd L I G
Ludhiana-141002
Phone: 0161-2561466
Last Updated on:1/06/2013
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