Thursday, 28 June 2012

Growing demand for residential property in Punjab

The rising economy of India has increased the purchasing capacity of people in the country and has raised the standard of their livings. This has increased demand for luxury apartments and has expanded the reach of real estate sector. After all the metropolitan cities like Bangalore, Delhi, Mumbai, Chennai, and Hyderabad, the builders are now heading towards states like Punjab and Haryana.

Punjab has become the favorite destination of real estate builders and investors. Many projects are set up successfully in the state, and many are in the list of upcoming projects. A Property in Punjab can provide you high financial benefits. The most important of all is that you get a luxury roof over your head with all the amenities in perfect surroundings. Another one is that the price of property will keep rising, and you will get high value for it, if you plan to sell it in the future.

At present, you can find a property at lower prices in the semi urban areas as compared to the urban cities. For instance, a Property in Mohali can be owned at a lower price than in Chandigarh. Mohali provides many accommodation options in well planned housing complex with all the amenities like parking, hobbies club, shopping complex, schools, and parks. The apartments are also designed with all the ultra modern facilities like intercom with the entrance gate, 24 hour water supply, power backup with no power cuts, attached washrooms, modular kitchens etc. The housing complexes provide accommodation options to singles, students, new couples and family. Thus, catering to the needs of everybody.