Punjab Mall City of India
Punjab is a land of plentiful harvests, which have also meant plenty of money. There is no doubt that farmers and businessmen of Punjab are better off than their counterparts in India. With plenty of disposable money the people of Punjab have been fuelling the retail boom in the State resulting in Punjab becoming the mall city of India.
Punjab Future Mall City?
Well the obvious is that the average Punjabi has much deeper pockets than any other Indian, also because
About Rs. 600 billion is waiting to be made in the real estate sector in in Punjab over the next 3 years, and more investments are likely to follow soon.
As many as 60 more malls are expected to come up in various cities. More than 30 would be operational in the coming two years.
Construction activity is in full swing in a number of projects a fact quite visible in most cities. Some of the cities & towns where developments are planned include Ludhiana, Mohali, Jalandhar and Amritsar, Patiala, Hoshiarpur, Khanna, Gurdaspur, Kapurthala, Nawanshahr, Ferozepore, Ropar, Faridkot, Muktsar, Moga, Bathinda, Rajpura, Mansa and Sangrur.
Studies portray that consumer spending in Punjab is higher than the national average. Punjab has been consuming more than most other states, and is significantly higher than the all-India average in almost every retailing category; these categories include food and beverages, footwear, clothing and communication.
Punjab has an equal support from urban as well as rural consumers so far as growth in consumption is concerned. This factor points to a tremendous potential for organized retail, as the location choice would not act as a constraint here.
Punjab has an excellent infrastructure to promote new industries and support the existing ones, coupled with high percentage of employment
Mall Cities
Ludhiana
Ludhiana is known as the "Manchester of Punjab" because it is the industrial hub of Punjab. It is famous for Bicycle & Bicycle Components Industries, Hosiery Goods, Sewing machine and parts & Machine Tools. Ludhiana is fast emerging as a favorite destination for shopping plazas and multiplexes as a dozen malls are rapidly coming up
Looking at Ludhiana you can see its changing face as Malls are being rapidly constructed on different roads in a span of two to three years. A large number of these are on the Ferozepur Raod and on the GT Road on the Ludhiana Jalandhar Segment. About a dozen new shopping malls cum entertainment centers are under construction including Omaxe, Gold Souk, Mbd, Festival City,Rap,Omaxe,Ansal API ,and The largest mall in the city will be in the western part of the city- the Ludhiana City Centre of the Citys Improvement Trust and which is coming up on a huge 26 Acre site.
About the Author:
Rahul Boss working as an architect in India real estate Builder has developed trustworthy commercial apartments and has emerged as a top Real Estate Construction Company India.
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