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Amritsar, being investor friendlyKnight Frank India Research
Tuesday, January 01, 2008 
ABOUT AmritsarThe city known for its popular golden temple is fast becoming a business and trading activities hub in north India. With a population of more than a million, it is a major cultural, religious and tourist centre of Punjab. What's happening in the property market? Many things, i. Banks and financial firms are scouting the city for entry and expansion. The retail sector is booming and that is driving the real estate prices across major areas of the city. The city is undergoing major transformation on the retail front. Organised retail formats are coming up on Lawrence Road, Mall Road and on the new locations of Batala Road, Airport Road and Amritsar-Jalandhar Road/Doburji (GT Road). ii. Declaration of Amritsar-Jalandhar Road as high potential zone has resulted in a spate of projects on this stretch. Further, Delhi based developers announced projects leading to a rise in land priced by an astounding 200-250 per cent in the last three years. iii. Upgrading of Amritsar airport as an International airport has led to considerable development on the Airport Road and the adjoining roads such as Ajnala Road and Majitha Road. The upcoming projects i. Seven townships are planned on the Airport Road ii. Ten projects on GT Road (Amritsar-Jalandhar Road) iii. Nine projects on Amritsar bypass road and Few others are in the pipeline on Loharaka Road. Photogaph courtesy: Knight Frank India Research (The content of this research report has been repurposed to suit the needs of this site) also read
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