After commissioning of Refinery project, rental rates have reduced in Bathinda
House rents in Bathinda have gone down by more than 30 to 35 per cent over the past six months.
Earlier, a 2 BHK rented accommodation on second floor in Bathinda city would fetch Rs 10, 000. But as the refinery employees are shifting to their newly constructed colony within the commercial establishment’s campus at Raman and many others leaving after the completion of the project, most of the private properties are laying vacant.
In 2008, when refinery’s construction was in full swing, a huge army of workers and their families migrated to Bathinda. Rentals in the area were zoomed from that time as these executives could afford to pay high rent.
This high tide of rentals continued for four years from 2008 to 2011, and the locales reaped rich dividends. But now most of the accommodations lie vacant as there are very few takers.
After the exit of a huge temporary population with different ethnic and cultural backgrounds, the social fabric of the area has also been left grappling with a void.
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Source: Tribuneindia
2 BHK rented accommodation, House rents in Bathinda, real estate and infrastructure, Real estate in India
