10/06/2016
DEMAND, SUPPLY, CAPITAL & RENTAL VALUES OF LUDHIANA
There is a large variation in the rental values depending on location. on an average, 1BHK (bedroom-hall-kitchen) is available for rent of Rs. 6000 to Rs. 10000 per month. Monthly rental for 2BHK is around Rs. 8000 to Rs. 20000 per month. Rent for independent 3BHK house would be Rs. 20000 to Rs. 40000 per month.
Prices vary widely depending on location and area. Properties in city interiors are priced relatively higher than in outer developing areas. Plots are available in the range of Rs. 12000 to Rs. 30000 per square yard in new projects and on the outskirts. In the order areas like Sarabha Nagar, BRS Nagar, prices can go upto Rs. 1 Lakh per square yard. Independent floors are available in sdeveral configrations - groung plus first floor, second floor and third floor. Prices for independent floors range between 13 to 75 lakhs. Supply of floors remained confined to units measuring 100 to 350 sq yard. Villa sizes range between 150 to 1000 sq yard with price tags of Rs. 60 Lakh to 4 Crore. Luxury villa sizes vary between 750 to 1000 sq yard. Prices of apartments vary between Rs. 35 Lakh to 1 Crore or between Rs. 2100 to 4500 per sq ft.
Most of the new developments and supply creation is taking place on the major roads passing through the city, with new townships coming up along Pakhowal road, Ferozepur Road, Chandigarh Road, Canal Road & GT Road (Jalandhar Road). In these areas several local and national level developers like Ireo, Eldeco, Imperial Group, Omaxe, Aeren R, Vipul, etc. have come up with township projects.