Haryana is located in the Northern part of India. The surrounding states of Haryana are Rajasthan to the West and South, Himachal Pradesh to the North, and Uttar Pradesh and Uttarakhand are in the Eastern part. Haryana surrounds Delhi on three sides, from the North, South and West. Like Punjab, the capital of Haryana is Chandigarh. A large part of Haryana is considered as N.C.R (Northern Capital Region).

There are different key factors which are responsible for such a huge boom in the real estate market of Haryana. These key factors are:

» Haryana is an adjoining state of Delhi, and certain parts of this state come under the NCR region.

» Many conglomerates, like Maruti Udyag Ltd., Hero Honda Ltd, and many more other big industrial players have been operating their businesses in this state.

» Government is also continuously assisting in making favorable industrial environment in the state.

» Due to fast industrial growth , many people from different regions are moving in the states for employment and to secure better life standard.

Chandigarh is the city in Punjab and Haryana, which gets the lion share of the entire investment for real estate. All the three segments of real estate have been growing here drastically. With comparison to other cities in Punjab, the commercial and residential sector of the real estate is growing more prominently in Chandigarh.

Projects in Punjab

Punjab is located in the North-Western part of India. Pakistan is to the West of Punjab, Himachal Pradesh is to the North-East, Jammu Kashmir is to the North, Rajasthan is to the South-West and Haryana is to the South and South-East of Punjab. Chandigarh is the capital of Punjab and it is a Union Territory, which is governed separately. The other big cities of Punjab are Jalandhar, Amritsar, Patiala and Ludhiana.

This is a wonderful state for its enrich cultural heritage, architectural heritage, social and other different type of heritages. The famous historical places and monuments of Punjab, like Kurukshetra, Anandpur Sahib, Sheesh Mahal, Jallianwala Bagh, Wagha Border etc are the remarkable tourist places in Punjab.

In the recent period of time, this state is growing in every stair of development. Among all these stairs, the real estate is a special aspect, in which this state has registered a wonderful growth performance. Each day, in the real estate sector, this state is setting new bench marks of growth. This state is carving out adequate niche for itself among other competitive states. As an effect, the cost of property in Punjab is also hiking tremendously, and according to a current survey, the rate of property in Punjab has been increased by 30-40% during a period of 12 months.

Future Development of Real Estate in both Punjab and Haryana

According to an estimation, by 2010, the total domestic and foreign investment in real estate will be around of Rs.1,30,000 crore, and along with Haryana, Punjab will get a major chunk of this investment. This shows that the real estate business is in boom in this state. Out of the three categories in real estate, the commercial real estate growth rate is the fastest one in Punjab and this trend will be there within next 4-5 years. In case of Haryana, all the three segments of real estates are growing at equal pace. Some big Indian industrial houses, like Reliance group, Birla group, Bajaj industries etc. have announced some big projects in different parts Haryana, which in turn will encourage the real estate industries more intensively in near future in Haryana.