Skip to main content

Robust Real Estate growth in Punjab

 


Chandigarh: The land of five rivers – as Punjab has famously been known for ages – is now housing some of the leading real estate developers who have their headquarters in Tier 1 cities – Advance India Projects Limited (AIPL), Omaxe, Emaar India, DLF and Ansal API are some of these. Not only Mohali in the Chandigarh capital region, but most of the other Tier II and III cities of the State are attracting investors.

 The current dispensation led by Chief Minister Bhagwant Mann seems to be keen to promote the realty sector, as the government knows well that the real estate sector will give a significant push to the state’s economy. It is indeed encouraging to notice the entry of major real estate developers in the state and it is very promising for this segment’s revival. This shall not only boost the economy of the state but also bring diversity in terms of the architecture, green building aspect, and long-term sustainability of the sector.

Shamsheer Singh, Chief Operations Coordinator, AIPL said, "The Punjab market is showing robust growth. There is a keen interest shown by Punjabi NRIs' who have the required finances and a desire to own dwelling or commercial units in their parent state-Punjab. Punjabis who migrate abroad do have an emotional connect with their home state. Post-Covid everyone wants to have their own home from where they belong and remain connected to their roots, especially for the new age generation. Moreover, with rising incomes and easier financing, a lot of people are investing in real estate as end users."

 Dalip Sharma, Secretary General, Punjab Chamber of Commerce and Industry, and Director General, India Investors' Federation said, “A positive environment has been created in the state not only for the investors but also for the home buyers. RERA has further strengthened the people’s faith in real estate projects. Hassle-free government clearances and easy loans for home buyers are contributing to make Punjab an ideal destination for big developers from the NCR.”

Shamsheer Singh, elaborating further said that every entrant into Punjab will have to take care of the state’s environmental concerns as well. “Our townships in Punjab have been incorporated with concepts & features that truly define them as Sustainable townships and we strive to incorporate the best practices of being an environmentally responsible developer without compromising on the functionality and Aesthetics. 

Anshuman Magazine, Chairman, CII NR, and Chairman and CEO – India, Southeast Asia, Middle East & Africa, CBRE said, “Growth would be supported by investment undertaken by the private sector and by the government. The growth trajectory of the residential sector is a testament to its strong fundamentals because this has happened despite a rise in construction costs owing to high input costs.” BlogsWire

 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Sanjeev Chadha, Group Chairman of Yield 4 Finance accepted into the Forbes Business Council

Chandigarh : Sanjeev Chadha, Chairman, Yield Group of Companies, a premier provider of financial instruments in trade transactions, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide.   Sanjeev Chadha, Group Chairman of Yield 4 Finance Chadha was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors. “We are honored to welcome Sanjeev Chadha into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes the Forbes Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on...
Post a Comment
Read more

Deepanjan Charitable Trust and Lions Group Veg hosted an online webinar

Deepanjan Charitable Trust and Lions Group Veg got together to host an online webinar after a day of activity of distributing free 500 packets of sanitary pads on 28 May 2020. Dr Deepali Bhardwaj is a leading Dermatologist and a trusted name in the field of Skin care she is a trustee of the Deepanjan Charitable Trust started by her mother Dr Anjan Prakash (Retired Add MS RML Hospital). This trust manufactures Oxo biodegradable sanitary pads called Laddlee which are also available at KVIC stores and were launched by Minister Nitin Gadkari last year. Gaurav Gupta from Lions Group is a famous name in social philanthropy and is always at the helm of doing social work and activities.  Gaurav Gupta being a man was called Laadla as this webinar on Facebook and zoom and YouTube had an audience of 1000 people and went for more than 2 hours as people didn’t leave.  Few celebrity guests and thinkers who shared fantastic ideas in the panel discussion to name were Member...
Post a Comment
Read more

Amity University Holds Farewell Function for Passing out Batch of 2023

Mohali: Amity University bid farewell to its graduating batch of 2023 in a spectacular event filled with glitz, glamour, and Bollywood flair. The farewell, organized with a theme inspired by the world of Indian cinema, brought together students, faculty, and esteemed guests to commemorate the memorable journey of the graduating class. The farewell ceremony kicked off with a grand welcome for the outgoing students, who were bestowed with fun titles in true Bollywood style. The atmosphere was charged with excitement as the immediate juniors delighted the audience with their captivating performances, showcasing dance styles including bhangra, gidda, fusion, and freestyle,  sprinkled with a pinch of Bollywood tadka and a generous dose of drama. The event also witnessed the crowning of Mr. and Miss Amity University Punjab, with Bhavya being crowned Miss Amity University Punjab and Hamish being crowned Mr. Amity University Punjab.  Dr. Shivali Dhingra, Dean of the Faculty of Man...
Post a Comment
Read more