Realty investment likely to go up in Punjab
Experts have said that real estate investment are expected to go up significantly in Punjab in the days to come due to the state’s political stability and the rupee-dollar volatility.
A recent study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) titled Growth Agenda for Punjab noted that Punjab had 49.7 percent of total investment in real estate. Nearly half of the Rs 4.97 lakh crore investments in Punjab in 2011 were in the real estate sector.
The state government seems to be keen on ensuring a congenial atmosphere to encourage more investment in the state, especially in the real estate. Realtors expecting 10-20 percent NRI investment in various premium projects like Hydel Park Terraces, which has been designed to suit the needs and taste of NRIs as these have been built keeping in mind NRIs as prospective buyers.
To facilitate growth of real estate in the state, the government is looking to improve infrastructure in the state including better connectivity between cities with four-to six-lane-roads.
To read more real estate news:
NCR real estate to benefit from Yamuna Expressway: Property experts
Associated Chambers of Commerce and Industry of India (ASSOCHAM), Indian real estate, NRI investment, NRI investment in India, Punjab, Punjab real estate, Real estate in India, Real Estate India, Real estate sector for Punjab, Realtors, Realty News
