Corona affect property prices in Punjab India
Corona affect property prices in Punjab India Real estate in Punjab works differently than that of other major cities in the country. The perception about lifestyle and homes changed when national developers started entering the markets here. Punjab realty saw these developers buying large land parcels and developing projects that completely changed the perception of abodes for the people of the state. These developers promised features and world-class amenities; and they easily penetrated the market and people steadily shifted to a new trend of apartments & penthouses from an old culture of living in Kothis, bungalows & homes in colonies. Thus, the market became vibrant with the emergence of options such as Group housing, sprawling shopping complexes & malls, integrated townships, office complexes, entertainment hubs, IT parks, etc. In 2005, Punjab had just two malls with a total gross leasable area of 2,70,000 sq. ft. and since then things have changed dramatically....