Ludhiana is the Next Big Investment Market in North India

Ludhiana is known as the industrial center point of Punjab; various industries have made it their base. World Bank ranked Ludhiana as the city in India with the best business environment in 2009 and 2013 twice. The city has a safe and peaceful environment, and there are excellent options for communicating within the city. With some good educational institutes in the city which attracts students from all over the country. Ludhiana is the home of the Asia’s largest agriculture university "Punjab Agriculture University." There is bound to be an insistence for suitable circumstances for this students population and hence a need for the development of a greater number of residential properties in Ludhiana.

After getting a place in the first 20 smart cities, Ludhiana has acquired a rare differentiation in the north. The city has technologically; well-planned, integrated, environment-friendly, urban space promising world class of life through smart solutions for water, power, sanitation, mobility, instructional and financial framework, IT connectivity, e-governance, and citizen participation is the proper definition of a smart city. The selection criterion for the smart city is based on the city’s size, population, infrastructure level with enough scope for up gradation. The parameters include 30 percent marks for city-level, 55 percent for area-based development and 15 percent for pan-city.

The city enjoys the geographical advantage of assembling around the freight corridor Delhi Mumbai Industrial Corridor which opens the doors for comprehensive business development in its footprint, catching the extra benefits of foreign investors. The city is also doing well on consumerism and social indices. This region has a good scope for retrofitting and redevelopment to make it efficient and livable. With smart city financing, the Municipal Corporation of Ludhiana will undertake to retrofit of the old area of Sarabha Nagar and reconstruction of Jawahar Camp.

The city has meaning plans for urban connectivity and public transport by way of making more forceful its city bus network and improving environment-friendly transport. As part of the environment-friendly transport, there is a plan to change polluting diesel auto-rickshaws with GPS-enabled smart e-rickshaws, as well making the city a bicycle-friendly city, leveraging on its strength of being a big cycle manufacturing center.

With many options emerging in real estate all over the country and easy finance available to buyers, owning a home is no longer a pipe dream. There is a range of residential property in Ludhiana available to suit different budgets. Many prominent builders have launched projects for residential property in this city in prime locations. There are several options available for investment in various types of residential property in this region, depending on your budget. The main thing about residential property in this area is that the rates are still affordable and will surge in the future. So, you can get a good return on residential property in Ludhiana if you make an investment today.

The residential property in Ludhiana, in particular, has proved to be a major draw amongst property buyers. Moreover, there are diverse schools and educational institutions in the city that have a good prominence of providing quality education. Medical facilities are deliberate to be one of the best in the India with world-class service. Entertainment zones and Shopping centers are there all over the city. People are gradually shifting their focus from the concrete jungles of Delhi and Gurgaon and are seriously considering investing in Ludhiana.

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.