Jalandhar

Jalandhar is a popular city in the state of Punjab. The city is an industrial hub, famous for sports goods, and leather products amongst others. Last few years have witnessed a fast track growth of the city in terms of population, disposable income, infrastructure facilities, development and urbanization.

Real Estate Scenario
Residential Real Estate: The prices of residential property is on the rise. Growing population, together with better infrastructural facilities and rising incomes have fueled the demand for more houses. Model town., Defence colony,Urban estate, are some of the posh areas in the city, with high realty prices.

Commercial Real Estate: The city is undergoing a complete overhaul with construction of a number of multiplexes, malls and retail showroom in different parts. Realty developers like DLF are undertaking large projects in the city, which has further escalated the demand for real estate, thereby hiking the prices.

Industrial Real Estate
Jalandhar is famous for a number of industrial goods and products. There are a number of small, medium and large scale manufacturers providing high quality goods in domestic and international market.

Key Industries
The city is a popular manufacturing region of the following goods:

• Sports goods & equipment
• Leather goods
• Rubber goods
• Auto parts
• Surgical tools

The city is also famous for printing industry with quite a few players having their offices in the city. Leading manufacturers in the sports good industry have made substantial investment in real estate. The city is the largest manufacturer of leather tool pouches and aprons with a number of international buyers from a host of European and American countries.

With Government allowing more FDI, a number of NRIs have made considerable investment in industrial property for a high ROI. Large MNCs like Reebok, Adidas have also bought properties and have made realty investments in the city. All this has increased the industrial property prices.

There is a huge opportunities for global investors to invest in this city as it promises a good ROI in a short span of time. With increasing infrastructure facilities and ongoing retail boom, prices of commercial and industrial real estate are expected to rise.