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Indian Real Estate: Realty Rise

Punjab  Real Estate: An Attempt To Scale Downvary from Rs. 900 per sq. yd. to Rs. 7,200
per sq. yd. as per Som Nath. PUDA officials
In the final stages of procuring land forare confident that their township projects
building integrated township projects, Punjabwill have a bearing on the market price, and
Urban And Planning Development Authoritythat there will be hundreds of applications
(PUDA) officials feel this will reduce thefor  one  dwelling  unit  of  PUDA.
massive  rise  in  property prices in Punjab.
Only recently, PUDA acquired 336-acres of
For the past few months, they have beenland at Baran on Sirhind Road, where an
acquiring land from agriculturists inintegrated township scheme (residential
Amritsar, Gurdaspur, Nawahshahar, Jullunder,colony and an IT park) is being developed by
Bathinda, Barnala, Zirakpur and Khanna.Patiala  Development  Authority.
Carrying out a demand survey, they will start
work in a year's time on township projects toAgainst the PUDA reserve price, the upcoming
be set up on the public - privatemega projects in the state begin at Rs.
participatory or independent model, according12,000  to  Rs.  18,000  per  sq.  yd.
to  Som  Nath,  PUDA  Chief  Administrator.
For all dreaming of a home to call their own,
PUDA will be acquiring 650-acres of land intop quality, reasonably price accommodation
Amristsar, 300-acres in Gurdaspur, 200-acrescould make it time to head for the green
in Nawahshahar, 300-acres in Jullunder,fields of Punjab. "Balle, Balle, Punjab tha
20-acre in Bathinda and another 100-acres inKamal Nahin!
Khanna, Barnala and Zirakpur. The rates will



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