Real Estate Market In Punjab Witnessing Actual Buyers As Compared To Investors

Since a long period, investors have ruled the real estate market of Punjab in India

, owing to the fact that most of the residents of Punjab have migrated to foreign countries and prefer investing their hard earned money in their native land. Whatever such people saved, most of that was used to invest in the real estate sector in Punjab, whether it was invested in plot, flat or a built up house. All this has been going on since the last 10 years and finally the scenario is now changing.

With several multi-national companies entering the Information technology, pharmaceuticals, banking and finance sectors in Punjab, the region has witnessed some serious buying in property by the employees who have been given jobs or have migrated because of their jobs to this part of India.

All this is surely a great sign for relief as the investment buying in real estate had elevated the prices so high that common man could never dream of owning property in this area. It has been possible only because of the slowing pace of investment by foreign investors and buying power by the locals of this region that the property market has witnessed a meager downfall and has stabilized to help buyers purchase their dream property in the region.

This has further resulted in more projects being introduced by land developers in the region for middle class people who are more interested in smaller pieces of land and flats as compared to big houses. The options for purchasing property have also increased now and the buyer can easily look for the best price with good construction in the region.

With the actual buyer coming in the market, real estate market of the region is looked upon as a healthier place to invest and the same offers genuine prices to the buyers or investors who would like to own their property share in this area.

With such developments, the face of the region is improving and many infrastructure plans have been made for helping people to reside here safely. As compared to ten years back, the place is now much urbanized and has all the basic amenities that any person would look while purchasing property. Most middle class people from nearing states have now migrated to Punjab to reside here because they can now easily afford to purchase property and find suitable jobs to live peacefully.

This has been the best phase for buying plot in sunny enclave, property and in several small parts of Punjab, which include Mohali, Kharar, Ludhiana and Patiala which have seen great growth in the last few years.

by: ajay

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