Reasons To Invest In Property In Punjab - Equity Overseas Ltd.

Known as the wheat basket of India, the state of Punjab is also among one of the regions which have witnessed fast paced development in the past few years. There are many other parameters on the basis of which it can be concluded that the state is on the fast track to success. Some examples include – the state ranks 2nd on the basis of conducive investment environment here and in terms of infrastructure as well. As per the data collected in FY – 2008, it was determined that the state of Punjab ranked 5th among all Indian states in terms of per capita income.

Property in Punjab – Reasons To Invest

• Excellent Infrastructure – It is well known fact that a well developed infrastructure is vital for the progress of any region. In terms of infrastructural facilities, the state holds the top position among the rest of the big states in India. Punjab has also been recognized for having the best road and rail network in India.
• Availability Of Basic Amenities – As far as basic amenities like - sanitation, clean water supply, drainage, and sewage system - is concerned, the state performs reasonably well. The local government has taken many initiatives to promote urban development in small towns and districts across Punjab.
• Increased FDI Inflows – In the past few years, the state has witnessed excellent growth in terms of FDI inflows, especially Chandigarh. In the period between April 2000 to July 2011, Chandigarh posted an inflow of approx. USD1059 million. This increased FDI has directly affected the realty growth and the city has witnessed increased demand for viable properties.
• Burgeoning Tourism Sector – The tourism sector in Punjab has been identified as one of the key thrust areas. Some prominent tourist attractions include Golden temple, Wagah Border, Anandpur Sahib, Jallianwala Bagh, etc. The rich culture and deep rooted traditions attract local as well as international tourists alike. Excellent infrastructure has further acted as a catalyst in promoting this region as a tourist destination. The local government too has taken several initiatives to promote tourism e.g. single window clearances facility to ensure speedy approvals, tax incentives and provision of loans for projects associated with tourists.

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