Indian Real Estate Transforming Amritsar

Indian Real Estate Transforming Amritsar

Amritsar Real Estate: From Sacred City to​ Hip & Happening

People crossing over from Wagah into India will soon be subjected to​ the​ razzle dazzle of​ Amritsar as​ real estate developers plan to​ pump in​ big money to​ make the​ city a​ rival for​ the​ golden glitter of​ the​ Golden Temple.

Delhi based realtors of​ repute have added a​ spurt to​ real estate activity in​ the​ sacred city of​ the​ Sikhs by building malls, multiplexes, villas, luxury apartments and​ penthouses. Further, the​ Government of​ Punjab’s plans to​ set up special economic zones (SEZs) has triggered the​ interest of​ the​ builders and​ developers, alike. Yogesh Verma, DLF Universal’s Managing Director says: “If not the​ best in​ the​ world, then definitely the​ idea is​ to​ make Amritsar the​ best city in​ the​ country.”

Just the​ same way as​ they transformed Gurgaon, these developers plan to​ wreak their magic on Amritsar, changing it​ from a​ city with an​ ancient past and​ glorious history to​ the​ most hip and​ happening Indian town. “This would also boost tourism and​ provide better connectivity with the​ Wagah border.” Verma adds. Religious tourism and​ an​ international airport should have seen the​ city develop much earlier, but that did not happen despite its potential.

That will all change as​ the​ DLF group plans to​ bring global standard infrastructure in​ the​ 1,100 SEZ, investing approximately Rs. 4,000 to​ Rs. 5,000-crores in​ the​ border city. Verma affirms DLF will spend Rs. 800-crores alone in​ upgrading the​ infrastructure to​ international standards. With the​ SEZ project already underway, the​ development will take place in​ four segments, including textile and​ garments, engineering, food processing and​ free trade zone.

With 35-million sq. ft. of​ development underway, and​ plans to​ invest more than Rs. 10,000-crore in​ various cities of​ Punjab, undoubtedly DLF will change the​ very face of​ Apna Punjab. the​ 2,500-acre SEZ between Ludhiana and​ Jullunder will be home to​ state of​ the​ art housing, infrastructure, industrial and​ retail sectors, with its own captive power generation. And, DLF is​ not restricting itself to​ Amritsar alone; it​ has active plans to​ move on to​ real estate development in​ Chandigarh and​ other Punjabi cities.

Apart from DLF, there are numerous other builders that have evinced an​ interest in​ giving Punjab and​ nearby Haryana a​ shake-up, dust-up and​ image makeover. Advance India Projects Ltd., Omaxe, Today Home and​ Infrastructure, MBD group, Dynamic and​ Continental etc. all have their eye on Punjab, as​ they busily plan a​ dozen malls in​ the​ region, while Clarion brings English country style living to​ rural Punjab, building sprawling luxurious bungalows and​ buildings reminiscent of​ an​ English country town.

Ansals building a​ township in​ Kundli, Haryana has similar projects planned for​ Mohali, Jullunder, Bhatinda and​ Chandigarh. While, the​ Punjab government has given the​ go ahead to​ eight of​ their ten projects, the​ remaining two will also shortly be sanctioned by Punjab’s babudom. And, DLF’s group housing and​ township project with an​ investment of​ Rs. 1,000-crore has also passed muster from the​ Punjab government, with plans to​ build a​ mall each for​ Ludhiana, Amritsar, Patiala, Mohali, Chandigarh, and​ Jullunder. Commenting on DLF’s sudden surge of​ interest in​ Punjab, Verma said: “The state is​ ripe for​ real estate and​ infrastructure development. DLF has the​ best credentials for​ this. We are keen on making heavy investments in​ the​ state.”

As the​ real estate developers give Punjab a​ complete makeover, it​ is​ to​ be hoped Apna Punjab will still be recognisable even as​ rural villages get transformed with a​ lick of​ high gloss and​ spit and​ polish of​ metro cities. it​ is​ to​ be hoped there will still be a​ place for​ the​ rehriwallah and​ the​ many others, who add colour and​ make interesting the​ landscape of​ India. a​ landscape that is​ so different from the​ bland, boringness of​ the​ western cities, all rigid planning, so very organised that one screams for​ just a​ little imperfection, just a​ little waywardness, just some more character and​ colour, so typical of​ a​ city in​ India. Cities that express the​ contrast between two cultures, the​ west so cold of​ temperament and​ lacking emotion, not knowing how to​ think from the​ heart; the​ other all chaotic emotion and​ random freedom of​ expression, everything analysed and​ tinged with the​ emotions of​ the​ heart.

Source: Times News Network

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