Overview of Shiv Nagar, Jalandhar

Location and General Information

Shiv Nagar, located in Jalandhar, Punjab, blends residential and commercial properties. It sits in a developed area with various accessible amenities.

Property Types and Configurations

• Residential Properties:

  • Many are 3 BHK units sold on the market, making up 29% of all properties here.
  • There are also 2 BHK, 4 BHK, 7 BHK, and even 10 BHK residential homes available.

• Commercial Properties:

  • Prominent rental spaces include warehouses/godowns, which account for 70% of commercial properties.

Price Range and Affordability

• For Sale:

  • About 30% of properties are priced under ₹20 Lac, with another 30% ranging from ₹60 Lac - ₹80 Lac. Other ranges include ₹20 Lac - ₹40 Lac and higher prices.

• For Rent:

  • Most rental properties fall between ₹15,000 - ₹20,000 per month.

Property Pricing Per Configuration

• Residential Houses:

  • A 3 BHK multistorey apartment can be around ₹32 Lac.
  • Larger houses, like a 7 BHK, cost approximately ₹70 Lac.

• Rental Properties:

  • A 2 BHK independent floor is rented for ₹7,000 - ₹18,000 per month.
  • A furnished 1 BHK apartment can be rented for ₹5,000 - ₹10,000 per month.

Amenities and Infrastructure

• Shiv Nagar links well to other parts of Jalandhar, including Sodal Nagar, Dada Colony, and Pathankot Road.
• There's likely access to basic services like schools, hospitals, and shopping centers, considering the mix of residential and commercial areas.

New Projects and Developments

• AGI Sky Garden, Triworld Royal Residency, and Royale Homes are among the ongoing projects, expected to better the locality's appeal and infrastructure.

Property Trends

• The locality has many listings from individual owners, showing a dynamic real estate market.
• The 3 BHK configurations are particularly in demand, favored by both buyers and renters.

Rental Market

• Rental options range from 1 BHK to 3 BHK apartments and independent floors in Shiv Nagar.
• Renting varies from ₹5,000 to ₹20,000 per month, depending on features and amenities.

PropertyWala's Conclusion

In Jalandhar, Shiv Nagar offers a combination of affordability and luxury, making it attractive to both buyers and renters. With various configurations and pricing across properties, it meets diverse needs and budgets. The nearby ongoing and upcoming projects add to its growth potential. Those thinking about buying or renting in Shiv Nagar should research the nearby specific amenities and infrastructure to make sure it suits their lifestyle and preferences.