Indian Real Estate: Realty Rise

Punjab Real Estate: An Attempt To Scale Down100-acres in Khanna, Barnala and Zirakpur. The rates
In the final stages of procuring land for buildingwill vary from Rs. 900 per sq. yd. to Rs. 7,200 per sq.
integrated township projects, Punjab Urban Andyd. as per Som Nath. PUDA officials are confident
Planning Development Authority (PUDA) officials feelthat their township projects will have a bearing on
this will reduce the massive rise in property prices inthe market price, and that there will be hundreds of
Punjab.applications for one dwelling unit of PUDA.
For the past few months, they have been acquiringOnly recently, PUDA acquired 336-acres of land at
land from agriculturists in Amritsar, Gurdaspur,Baran on Sirhind Road, where an integrated township
Nawahshahar, Jullunder, Bathinda, Barnala, Zirakpurscheme (residential colony and an IT park) is being
and Khanna. Carrying out a demand survey, they willdeveloped by Patiala Development Authority.
start work in a year's time on township projects toAgainst the PUDA reserve price, the upcoming mega
be set up on the public - private participatory orprojects in the state begin at Rs. 12,000 to Rs.
independent model, according to Som Nath, PUDA18,000 per sq. yd.
Chief Administrator.For all dreaming of a home to call their own, top
PUDA will be acquiring 650-acres of land in Amristsar,quality, reasonably price accommodation could make
300-acres in Gurdaspur, 200-acres in Nawahshahar,it time to head for the green fields of Punjab. "Balle,
300-acres in Jullunder, 20-acre in Bathinda and anotherBalle, Punjab tha Kamal Nahin!