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Real Estate of Ludhiana has held a rare reputation in North India as a city in the first batch of proposed smart cities in India. This is a largest city in the state and enjoys the geographical benefit of being positioned adjacent to Delhi-Mumbai Industrial Corridor - which is a gateway for big commercial activities and attracting the intentions of Investors not only from India but abroad also.
There are two main factors for smart cities E-Governance and City Participation, and the city scores high in both fields. Municipal Corporation of Ludhiana made excellent use of the social media (facebook & Twitter) to like with residents, especially young generation to seek opinion and ideas on the issues like traffic & pollution. This place has excellent scope for renovation and redevelopment to make it well-organized and liveable, which is an essential criteria for smart cities. Ludhiana has major plans for metropolitan mobility and public transport through increasing & perfecting its city bus services and eco friendly transport mediums. Now this city is replacing diesel auto rickshaws with GPS Enabled Smart e-rickshaws and running a campaign to make this city as a bicycle friendly. Now come to the real estate, the Chandigarh and Ferozepur Roads have magnetized highest real estate development, with a series of integrated townships and mixed-use development by local and globally reputed real estate developers. Property price in Ludhiana is under reasonable tag, but now Ludhiana’s selection as a smart city, will give a definite boost to the property value and open up huge opening for real estate developers, investors & end users.