Overview of Pakhowal Road, Ludhiana

Pakhowal Road in Ludhiana is a highly sought-after area for buyers and renters. Its strategic location and developing infrastructure make it appealing.

Property Types and Prices: The neighborhood offers various properties like apartments, builder floors, villas, and residential plots. Prices here range from around ₹ 22.50 lacs for smaller properties up to ₹ 2.11 crore for the most expensive ones. On average, the cost is ₹ 81.51 lacs.

For specific details:

• A 2 BHK flat generally costs between ₹75 lakhs to ₹80 lakhs.
• A 3 BHK flat may range from ₹ 64.24 lacs to ₹ 66.51 lacs, for an area of 1705-1765 sq.ft.

Price Trends: In Pakhowal Road, property prices are rising. For apartments, the price per square foot has gone up by 18.8% in the last year, 37.1% in three years, and 46.2% in five years. Land rates are growing too, having increased by 100% in the last year and 49.3% over a decade.

Infrastructure and Amenities: Major improvements are underway:

• An upcoming railway underbridge and overbridge will improve travel.
• The Delhi-Amritsar-Katra Expressway going through Jodhan area on Pakhowal Road will enhance connectivity.
• The Ludhiana International Airport being built in Halwara is expected to boost the area's allure.
• Plans for a new hospital in Shaheed Bhagat Singh Nagar, along Pakhowal Road, improve amenities.

Rental Market: For renters, there are plenty of choices. Monthly rent for a 1 BHK flat ranges from ₹ 16,500 to ₹23,000. Rent for a 2 BHK flat is from ₹ 20,800 to ₹ 30,199. And for a 3 BHK flat, the range is ₹25,000 to ₹ 46,600. Fully furnished flats and builder floors are also available.

PropertyWala's Verdict

Pakhowal Road, Ludhiana, offers strong potential for both buyers and renters. With its wide range of properties, steady price rise, and improved infrastructure, it is a smart option. The nearby developments will further boost the area's value, making it a wise move for real estate investors and those seeking a comfortable living space.