+
Punjab
Cement

Punjab

Punjab offers countless opportunities for those wishing to own property. As of now, investing in the Punjab real estate market can ascertain high profits as several real estate projects are ongoing in and around the area. Most of these projects include mega housing and infrastructure ventures involving construction of townships, residential apartments, villas, commercial complexes, farmhouses, shopping malls, etc. The cities witnessing a flurry of activity include, Chandigarh, Amritsar, Jalandhar, Ludhiana and Patiala.

Upcoming residential developments:

"The residential market in Punjab is fairly balanced," says Miftaf Sami, Manager-Sales, Ambuja Housing & Urban Infrastructure Ltd. "The trend is more towards mixed-used developments like independent villas and studio apartments. While, Amritsar is generating most interest for being a well structured city and also a major tourist destination, other cities like Mohali and Chandigarh are fast gaining pace." Some of the major upcoming projects in the state include:

1. Impact Heights by Impact Projects Pvt Ltd comprises two towers offering 56 2BHK deluxe apartments with all modern amentities and conveniences.
2. Palm Grove by Ansal API on 250 yards in Mohali offers 3BHK apartments having a super-built-up area of 1,525 sq ft approximately.
3. Gillco Heights by Gillco Developers & Builders Pvt Ltd in Chandigarh comprises two towers of G+10 floors having total 160 apartments (2/3 BHK) with amenities like swimming pool, clubhouse, gym etc. The project will complete by May 2011.

Upcoming commercial developments:

The commercial real estate sector in Punjab is formalised and the market is growing both quantitatively and qualitatively. There is a fundamental and growing demand for office and retail space in Punjab due to the sustained economic activity driven by software companies establishing their presence in the state. Market across all verticals including commercial, retail and hospitality is positive with new projects being announced regularly. Some of these upcoming commercial projects include:

1. India Trade Tower by Omaxe Ltd is a contemporarily designed fully centrally air conditioned tower in Mullapur. Spread across approx 26 acre, the tower will comprise G+19 floors with a total area of 245,000 sq ft.
2. Park Plaza by Sarovar Hotels & Resorts will be 133-room hotel in Chandigarh that will provide all modern amenities. The project will complete by November 2010.
3. Spread over 2 million sq ft, AlphaOne Amritsar will be strategically located adjacent to the emerging New Amritsar economic zone. It will comprise the hypermarket, retail outlets, a 5-screen multiplex and family entertainment centres.

Punjab offers countless opportunities for those wishing to own property. As of now, investing in the Punjab real estate market can ascertain high profits as several real estate projects are ongoing in and around the area. Most of these projects include mega housing and infrastructure ventures involving construction of townships, residential apartments, villas, commercial complexes, farmhouses, shopping malls, etc. The cities witnessing a flurry of activity include, Chandigarh, Amritsar, Jalandhar, Ludhiana and Patiala. Upcoming residential developments: The residential market in Punjab is fairly balanced, says Miftaf Sami, Manager-Sales, Ambuja Housing & Urban Infrastructure Ltd. The trend is more towards mixed-used developments like independent villas and studio apartments. While, Amritsar is generating most interest for being a well structured city and also a major tourist destination, other cities like Mohali and Chandigarh are fast gaining pace. Some of the major upcoming projects in the state include: 1. Impact Heights by Impact Projects Pvt Ltd comprises two towers offering 56 2BHK deluxe apartments with all modern amentities and conveniences.2. Palm Grove by Ansal API on 250 yards in Mohali offers 3BHK apartments having a super-built-up area of 1,525 sq ft approximately. 3. Gillco Heights by Gillco Developers & Builders Pvt Ltd in Chandigarh comprises two towers of G+10 floors having total 160 apartments (2/3 BHK) with amenities like swimming pool, clubhouse, gym etc. The project will complete by May 2011. Upcoming commercial developments: The commercial real estate sector in Punjab is formalised and the market is growing both quantitatively and qualitatively. There is a fundamental and growing demand for office and retail space in Punjab due to the sustained economic activity driven by software companies establishing their presence in the state. Market across all verticals including commercial, retail and hospitality is positive with new projects being announced regularly. Some of these upcoming commercial projects include: 1. India Trade Tower by Omaxe Ltd is a contemporarily designed fully centrally air conditioned tower in Mullapur. Spread across approx 26 acre, the tower will comprise G+19 floors with a total area of 245,000 sq ft.2. Park Plaza by Sarovar Hotels & Resorts will be 133-room hotel in Chandigarh that will provide all modern amenities. The project will complete by November 2010.3. Spread over 2 million sq ft, AlphaOne Amritsar will be strategically located adjacent to the emerging New Amritsar economic zone. It will comprise the hypermarket, retail outlets, a 5-screen multiplex and family entertainment centres.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?