Real Estate Market in Ludhiana
Ludhiana is famous for its hosiery and sports goods industries. On the account of the favorable business environment, Ludhiana has emerged as the most populated city of Punjab. Announcements of mega projects and liberal government policies in the last few years have attracted the attention of a large number of real estate investors, who are interested in owning a property. Even the inclination for getting accommodation and commercial and industrial properties on rent has been registered.
The major commercial activities in Ludhiana were previously confined to Chaura Bazaar, Sarafan Bazaar, Lakkar Bazaar, Purana Bazaar and Book Bazaar, which were item specific markets. Residential areas were predominantly located in proximity to these prime commercial pockets. Over the years, new locations like Mall Road, Link Road, Ghumar Mandi, Feroze Gandhi Market, Sarabha Nagar Market and Ferozepur Road have emerged as alternative markets to the previous commercial centers. With new businesses coming up in the area, the trend for conversion of existing residential properties for commercial usage has increased. A number of residential properties in Pakhowal Road have been converted to office and stores.
The real estate agents are providing the investors with valuable assistance. Many of them also assist the clients with expert legal advice and the loan issues. The famous and reputed real estate agents in Ludhiana are available online. People just need to visit their site, and avail their services.