Amritsar Real Estate Boom

Amritsar city is one of the major cities of the Punjab and the name Amritsar to derive from Amrit-saagar, meaning "The Ocean of the Nectar of Immortality" is true to the city's religious aura. It is home to the Golden Temple, and is the spiritual and cultural center of the Sikh religion.

But today Amritsar is more than just a holy city with its flourishing realty prospects and returns. The initiative of the government of Punjab in promoting investments has gained positive response with large-scale investments in the realty sector.

Being a Tier III city, Amritsar due to comparatively cheaper property prices and better infrastructural facilities has become a hub of residential, retail and commercial activity. The real estate experts are overwhelmed at the growing interest by investors in Amritsar, which has not only promoted its economic growth, but has also made a position for itself among the fastest growing cities in India.

Keeping in trend to the mall culture, w a trademark of being a happening city, Amritsar also has sprung up with a few specialty malls. This has not only created business opportunities for developers in building up commercial spaces but has also opened up doors for investments into the retail sector. Developers like Emaar-MGF, Ansal group and Collage India Group are already in this foray and are constructing Apartments and malls in the city.

The residential sector is also seeing a huge growth in Amritsar; residential properties in Amritsar have risen from about Rs 1,500-2,000 per sq yard in 2003 to about Rs 5,000-7,000 per sq yard now. Township living of international standards has made its way into the urban housing scene Landscaped greens, theme parks, golf greens, tennis court, mall cum multiplex, health care center and school are the highlights of these township. Among these residential complexes is Collage Group's Collage Windsor Apartments which has been developed on the lines of International Group Housing formats, with European architecture, wide open areas, traffic free spaces and proximity to malls, play areas and schools.

Rahul Boss working with Real Estate Developer India as an architect has developed trustworthy commercial apartments and has emerged as a top Amritsar Real Estate.