Property in Amritsar
Amritsar which is known for its famous landmarks, cultural values, and famous food is one of the most loved cities in India. The city is famous for the Golden Temple, which is one of the biggest spiritual and cultural centres that attracts more visitors than Taj Mahal every year.
Amritsar which is the second largest city of Punjab after Ludhiana sees over 1 lakh religious tourists every year. The city is also one of the most popular tourist destinations among NRI’s. The city boasts of Jaliawala bagh, Durgiyana Mandir, and Lawrence road, which are major tourist attractions.
The city is located on the border of India and Pakistan, and has the famous Wagha Border, The city has excellent connectivity to surrounding areas via road and rail transport. The city boasts of an international airport with a capacity of 150 commercial flights per week from both domestic and international locations. The city has a 31 km-long BRT corridor which is nearing completion that is expected to ease the traffic congestion in the city and improve public transportation.
Amritsar is the hub of a number of manufacturing firms, with nearly 93% of the workforce engaged in secondary and tertiary services. The city which was once a part of international trade routes like the ancient Silk Route from China to Europe, is expected to re-emerge as the ‘Gateway to West’ and prominent trade hub of Northern India with improving ties with Pakistan.
Prime locations to invest in Amritsar are Ranjit Avenue, GT Road Bypass, Mall Road and Lawrence Road, which are the biggest commercial hubs of the city. The areas has seen a number of residential properties come up over the last few years, due to the booming demand from buyers. The latest commercial and residential projects in these areas have witnessed growing demand. The city is expected to see further development with new healthcare and education facilities, commercial hubs, increased connectivity, etc.
Some of the prime projects in Amritsar for investment are Sare Homes Sare Ashberry Homes, Sare Homes Sare Crescent Parc, and Alpha International city. These new projects are ladled with latest facilities and amenities for home buyers as well as investors.
The prices of property in Amritsar are still relatively cheaper and with the proposed infrastructural developments the city is expected to see an even higher growth over the next few years. The city has emerged as the fastest growing Tier 3 cities in India, and has slowly emerged as a prime real estate investment destination. If you are looking for a golden investment opportunity, Amritsar is one of the most attractive destinations in Punjab.