NRI
City will be launched, just 8 km from the Golden Temple,
Amritsar
- apartment and penthouses to Amritsar by Delhi-based
Advance India projects Ltd (AIPL)
- Shourya NRI City- 2&3 bedroom independent bungalows,
on Jalandhar Amritsar Highway by Noida-based Nitishree
Group
- Amritsar Global City by Sharma and Gangaher Builders
and Colonisers Private limited
- Amritsar will have its first shopping mall in a
years time.
Heated realty growth in Amritsar
Amritsar February 28, 2006
Business Standard
New Delhi/Vijay C Roy
Amritsar seems all set to witness the culture of multiplexes,
villas, luxury apartments, service apartments and
penthouses.
Experts believe that besides the governments
decision to set up SEZ here, real estate rush in Amritsar
has also been triggered by leading developers from
Delhi and local counterparts.
Delhi-based Advance India projects Ltd (AIPL) is bringing
the concept of service apartment and penthouses to
Amritsar in its upcoming townships. The total township
would be spread over 115 acre and boasts of villas
and condominiums, besides service apartments.
The highlights of AIPL township includes 50 acres
of landscaped greens, theme parks, neighbourhood lawns
and forest areas, golf greens, tennis court, mall
cum multiplex, health care centre, school, etc.
Also Noida-based Nitishree Group is launching an exclusive
Shourya NRI City on Jalandhar Amritsar Highway, targeting
NRIs. The city will comprise of 2&3 bedroom
independent bungalows, plots and split level hi-tech
wifi villas. The project is targeted at Non-Resident
Indians, and is likely to be completed in two years
of commencement.
Spokesperson, Sanchita Biswas said, Keeping
in mind the demand for international-style townships,
Shourya Towers is coming up with Shourya NRI City,
spread over 150 acres, and work on this township is
likely to start in April on Grand Trunk Road NH I,
comprising both residential and commercial complexes,
just 8 km from the Golden Temple.
Sources in the industry also revealed that Clarion
is bringing privileged living in the form of English
country living with sprawling luxurious bungalows
and buildings.
To add further fuel, even prominent local builders
have joined the bandwagon, by forming joint ventures
with Delhi Companies for developing integrated township.
One such group is Sharma and Gangaher Builders and
Colonisers Private limited, which has tied up with
Delhi Based Tewari Global Infrastructure Limited to
develop Amritsar Global City. The City which is coming
up in about 200 acres on NH1, promises to bring international
style township living with breathtaking architecture,
greenery water bodies, integrated health club, jogging
track, nature parks, shopping malls etc.
Sharma and Gangaher is presently engaged in
the development of SG Enclave and SG Enclave 1 townships
over 25 acres and 69 acres respectively. These townships
with wide roads, underground sewerage and sewage treatment
plant and modern security having shopping complex
and club house.
Another local Developer, The Heritage group is
developing three residential projects over 175 acres.
These include Heritage City, a 55 acre group housing
and row housing project. Second Project is Heritage
Enclave which is coming up over 30 acres on airport
road. The third project would be integrated township
spread over 70 acres.
The Third local group Impact Projects Private Limited
is coming up with Impact gardens over 50 acres on
Amritsar-Wagah Bye pass. This residential complex
will be complete with central landscaped gardens,
amphitheatre, community recreational centre, school,
shopping complex, uninterrupted power for essential
services.
Apart from this, Punjab Urban Development Authority(
PUDA) is developing a massive 650 acres Urban
estate on GT road. Housefed on the other hand is building
multi storied super deluxe flats at New Amritsar Development
Scheme on GT Road. Also, Amritsar Improvement Trust
has acquired 2375 acres of land for development purposes.
Moreover as the metros have saturated with mall developments,
smaller virgin town like Amritsar are the new attractions
for multiplex developers. Amritsar will have its first
shopping mall in a years time. About half a
dozen malls are being planned by Delhi builders like
AIPL, Omaxe, Today Home and Infrastructure, MBD group,
Dynamic and Continental etc, have their plans to set
up multiplexes.
Any
comments on this article or
you have any news:
Click
here
Disclaimer
NRIinternet.com will put up as many of
your comments as possible but we cannot guarantee that
all e-mails will be published. We reserve the right
to edit comments that are published.
|