Ambala Hot Destination For Real Estate

AMBALA : A historical district of Haryana, may still be longing for true genesis of its nomenclature but the city is slowly opening up to real estate investments that were non-existence till a couple of years ago.

The city, divided between Ambala Cantt and Ambala City, is bringing up a few group housing schemes and commercial projects.The transit city between Chandigarh and Delhi caught the eye of realtors after the six-lane project was initiated.

The city is destined to shorten the travelling distance by around an hour after the road-widening project is completed.

The real estate scene here is expected to heat up further as companies such as Unitech, Reliance Industries and DLF are believed to be acquiring land for their SEZ in Naraingarh.

For the time being, Vatika Group is coming up with its group housing scheme that will be followed by commercial properties. The group has one of the largest land banks of over 170 acres in the city. The group is also into plotting with a rate of Rs 7,500 per square yard.

The plots are available in 240 yards, 300, 500 and 1,000 categories. The Vatika Group is likely to open its group housing project for booking by next month. The residential project, coming up on 10 acres, consists of around 500-700 apartments of three and two bedrooms. As much as 45% of land is to be kept as green space. The group is also planning to set up a multiplex.

A few other realtors are also mulling to set up malls. Colonies are also being developed in areas bordering Dera Bassi of Punjab, which have an approach road towards Ambala district, to cater to the residents in Haryana.

Projects such as Dreamland Colony, Defence City and Omaxe Greens have come up in Punjab even though they are practically an extension of Ambala and accessible from both Ambala Cantt and Ambala City. The new projects have proper wide roads, sewerage, water and street light facilities.

The Centre recently released over 11,00 acres of land falling in the Ambala cantonment to the Haryana government. Over the decades, a major part of the Cantt area remained out of bounds for not just realty players but also for residents who could not undertake new construction as the building structures belonged to residents whereas land was possessed by the Centre.

Haryana Urban Development Authority’s sectors 9, 10, 11 in Ambala city are fetching a price of Rs 8,000 to Rs 11,000 per square yard. The houses are six marla, 10 marlas and one kanal. In Ambala Cantt, private colonies such as Agrasen Nagar, Ekta Vihar and Rani Vihar are being sold at Rs 12,000 per yard. The plots ranges from four marlas (100 square yards) to one kanal (600 square yard).

Between the Cantt and City, HUDA has set up three new sectors — 32, 33 and 34. HUDA has plans to add 30 more sectors as part of its expansion. The going rates of government plot ranges from Rs 8,000 to Rs 10,000 per square yard.

Commercial activities such as shopping malls, arcades, entertainment and fun zones, food courts and restaurants, that have already started cropping up in the city, are likely mushroom in times to come.

7 Comments

  1. Posted July 29, 2008 at 4:01 am | Permalink

    Ambala is in development phase and property in Ambala includes construction of shopping malls, food courts,restaurants, hotels, guesthouses, holiday homes and the housing market in Ambala in itself has grown manifold. With the modernization of large-scale builder constructions in the city, the property prices in Ambala touching the sky (means very high).You can find many property dealers in Ambala that wll give you information in all available properties to buy, sell or rent in the city. Sale or purchase of any property in Ambala has become an investment form since the property prices in Ambala have risen exponentially.For more view- realtydigest.blogspot.com

  2. yanni raz
    Posted July 30, 2008 at 11:53 am | Permalink

    How much is your home worth? Well, it all depends where you live.

    The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
    Is that disappointing? Of course it is.
    Should we sell? Is not a good time.
    Should we stick to it? Yes, if you can.
    Have we hit bottom? Nobody knows.

    Banks are facing their worst foreclosure crisis.
    Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.

    Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.

    The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %

  3. sanjeev
    Posted November 26, 2008 at 1:03 am | Permalink

    requirement 4 bedroom sed with lobi + kitchan bathroom budget is 10-15 lakh rs only
    ph no 98962-79583
    thanks
    sanju

  4. Posted December 7, 2008 at 2:26 pm | Permalink

    Rajindra Realtors & Consultants,the leading real estate agents & property dealers in Ambala, was formed with sole purpose of providing ‘Professional and Honest’ services to its valued customers. We believe ‘service is our business’ and keeping this in mind we have set high standards for the same. And we have always served our clients with sincere endeavor to provide ‘One stop property shop’ which can cater to all their real estate requirements. At the same time we also realize that several factors go into providing real estate solutions that protect our customer’s investment, most importantly Clear title, Quality of Product & Cost-effectiveness. Our extensive
    database ensures a wide spectrum of choice in properties for our clients.
    If you are looking to BUY OR RENT PLOTS, LANDS, BUILDINGS & COMMERCIAL PROPERTIES by contacting us over phone or writing us an email. For all your real estate solutions.

    We deals in Agricultural lands, Commercial lands in all over Ambala,chandigarh & punjab and surrounding areas. We work at the best level of satisfaction of our clients.

    We are also involved in developing Independent Bungalows, Row Houses with A Class Construction.

    Contact us:-
    Rajindra realtors & contructors Pvt Ltd
    Head / Work Office Ambala
    Contact Person: Gagandeep singh
    Rajindra Grandsons Pvt Limited
    Model town Ambala City,
    Haryana, INDIA. PIN – 134003
    Mobile No.: +(91)-9416979015
    info@ambalaproperties.com

  5. gagandeep singh
    Posted January 22, 2009 at 1:06 pm | Permalink

    Ambala city located near Chandigarh Haryana is slowly turning a hot real estate investments destination.
    Commercial activities such as shopping malls, arcades, entertainment and fun zones, food courts and restaurants, that have already started cropping up in the city, are likely mushroom in times to come.

    The big advantage that city enjoys is its locality i.e near to chandigarh.
    Rajindra Realtors & Consultants,the leading real estate agents & property dealers in Ambala.
    If you are looking to BUY OR RENT PLOTS, LANDS, BUILDINGS & COMMERCIAL PROPERTIES by contacting us over phone or writing us an email. For all your real estate solutions.
    We are also involved in developing Independent Bungalows, Row Houses with A Class Construction.

    Contact us:-
    Rajindra realtors & contructors Pvt Ltd
    Head / Work Office Ambala
    Contact Person: Gagandeep singh
    Model town Ambala City,
    Haryana, INDIA.
    PIN – 134003
    Mobile No.: +(91)-9416979015
    : +(91)-9729158161
    office : 0171- 2521940
    info@ambalaproperties.com

  6. Pushkar Pachori
    Posted April 30, 2009 at 3:50 am | Permalink

    Potiential Industrial Plot for SALE:
    450sq.mt
    Plot No 195
    Phase – 2
    SahaFood Park., Saha. Ambala
    This plot is allotted to me on Jan,2009.
    contact: 9810711720 (Pushkar Pachori)

  7. vikas
    Posted June 7, 2009 at 6:18 am | Permalink

    all type of sale purchase of property in ambala and sorrounding areas pls contact vikas 9416018986.,thanks

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