Residential property for sale in Amritsar - Over the last decade, the demand for residential property in Amritsar has increased manifold. For investors, this city offers lucrative investment avenues. Lots of projects have been launched by branded developers. These projects are available in multiple configurations, and you have the freedom to choose the one that suits your needs. When you search for residential buildings for sale in Amritsar, you will come across penthouses, villas, apartments, row houses, bungalows, independent floors, and properties in other formats. These homes are also available across different sizes in terms of floor areas. Ultimately, residential real estate investment in Amritsar would be a strategic move, considering the rising property prices in the city.
The city attracts tourists from all over the country. The tourism sector in Amritsar is well-developed. Moreover, several industries are performing well and the city has got a booming economy. This defines the commercial prospects for corporate professionals and employees. When you move to one of the branded residential projects for sale in Amritsar, you will benefit from these career and employment prospects. The dense network of roads in the city further enhances the connectivity. It would be a logical decision for you to purchase an apartment in one of the new projects.
While checking out the new residential flats for sale in Amritsar, you will come across different project categories. Affordable homes are already a popular option in Amritsar, with hundreds of families moving to these homes. Luxury properties are gradually gaining traction in terms of sales. Moreover, investors can choose from pre launch projects, under construction properties, new launches and ready to move homes. The reputed residential property consultants in Amritsar will help you narrow down your options depending on your preferences.
Over the last few years, property prices in Amritsar have been consistently on the rise. This explains why it would be a good decision to purchase a new property in the city now. Once you acquire a new home, you can use it personally and live there with your family. Even if you want to rent or lease off the property, the returns would be impressive. The residential property rates in Amritsar would be rising in the coming years. This would be the right time for you to make the investment and acquire a property in the city.
Residential property for Sale in Amritsar - Amritsar which is known for its famous landmarks, cultural values, and famous food is one of the most loved cities in India. The city is famous for the Golden Temple, which is one of the biggest spiritual and cultural centres that attracts more visitors than Taj Mahal every year.
Amritsar which is the second largest city of Punjab after Ludhiana sees over 1 lakh religious tourists every year. The city is also one of the most popular tourist destinations among NRI’s. The city boasts of Jaliawala bagh, Durgiyana Mandir, and Lawrence road, which are major tourist attractions.
The city is located on the border of India and Pakistan, and has the famous Wagha Border, The city has excellent connectivity to surrounding areas via road and rail transport. The city boasts of an international airport with a capacity of 150 commercial flights per week from both domestic and international locations. The city has a 31 km-long BRT corridor which is nearing completion that is expected to ease the traffic congestion in the city and improve public transportation.
Amritsar is the hub of a number of manufacturing firms, with nearly 93% of the workforce engaged in secondary and tertiary services. The city which was once a part of international trade routes like the ancient Silk Route from China to Europe, is expected to re-emerge as the ‘Gateway to West’ and prominent trade hub of Northern India with improving ties with Pakistan.
Prime locations to invest in Amritsar are Ranjit Avenue, GT Road Bypass, Mall Road and Lawrence Road, which are the biggest commercial hubs of the city. The areas has seen a number of residential properties come up over the last few years, due to the booming demand from buyers. The latest commercial and residential projects in these areas have witnessed growing demand. The city is expected to see further development with new healthcare and education facilities, commercial hubs, increased connectivity, etc.
Some of the prime projects in Amritsar for investment are Sare Homes Sare Ashberry Homes, Sare Homes Sare Crescent Parc, and Alpha International city. These new projects are ladled with latest facilities and amenities for home buyers as well as investors.
The prices of residential property in Amritsar are still relatively cheaper and with the proposed infrastructural developments the city is expected to see an even higher growth over the next few years. The city has emerged as the fastest growing Tier 3 cities in India, and has slowly emerged as a prime real estate investment destination. If you are looking for a golden investment opportunity, Amritsar is one of the most attractive destinations in Punjab.
