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E'way On Southern Bypass Alongside Ludhiana's Sidhwan Canal Sees Fresh Breather to Realty Biz By ugesh sarkar, Section Punjab Real Estate
The Punjab Government's announcement to set up a Rs 400 crore expressway on the Southern bypass alongside Sidhwan Canal in Ludhiana has provided a fresh breather to the real estate business on the canal banks.
The project - under which a 26 km stretch of single road running along Sidhwan Canal would be converted into a four-lane one -- has caught the fancy of many investors, who have begun bombarding real estate agents and colonisers with enquiries about available pieces of land.  Interest has been renewed soon after the state government prepared the project and invited tenders for the same. With Ludhiana bursting at its seams and residents on the constant look out for more residential areas, especially on outskirts, the new colonies mushrooming on this road have generated a great deal of interest. Colonies that had come up in the past did not have many takers. Colonisers had tried all possible means to attract buyers. Recession had proved to be a second blow to the business here. But no more. Real estate watchers say the area would go the South City, Rajgarh and Janpath Estate way, which are now inhabited by the masses. These areas are also located along the Sidhwan Canal on the other side of Ferozepore Road. The colonies located on the other side are within seven km from Ferozepore Road and the new colonies mushrooming are also within 7-8 km from Gill Road. Hence, the interest. Source: The Tribune Hot Property: E'way on Southern bypass alongside Ludhiana's Sidhwan Canal sees builders and buyers flock to the area
All roads lead to...
DEALERS say tourism minister Hira Singh Gabria's announcement on exploiting the tourism potential of Sidhwan Canal, too, has done wonders for the area. ``I have received many queries for farmhouses and plots. Then there are colonisers, who want four-five acres of land to develop small colonies. We are hopeful that soon the entire stretch would the densely inhabited,'' said Parminder Singh, a real estate dealer. He added the massive cleaning operation of Sidhwan Canal also contributed in attracting buyers. ``The entire stretch of the canal has started looking very beautiful and one just feels like sitting on its banks under the trees! Who wouldn't want to own a house on its bank? After all, the locality will be away from the madding crowds and pollution of the city. It is the dream location for those who want tranquil mornings, peaceful evenings and smoke-free air,'' said Parminder. The location of Bapu Asa Ram's ashram, which is just opposite the colony sites, will also help as many autorickshaws and public transport brings devotees to the place. Model Town Extension resident Amarjit Singh said the mushrooming colonies had caught his fancy and he was planning to buy a piece of land to build a farmhouse.
Price tag An acre of land could be had for Rs 1 to 1.5 crore while on the other side it cost Rs 8 to 10 crore. ``This is a much cheaper option. History has it that in Ludhiana property prices have always skyrocketed. People had never imagine that the South City side would become so expensive one day,'' said a coloniser. There were already 20-odd approved and unapproved colonies on this side of canal. Most had no takers: People never wanted houses at the canal's far end. The expressway would regulate and ease out the flow of traffic in the industrial hub, leading to development of the area.
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