INDIA  :   Real Estate

Ambala: Rising slowly on realty charts

Saturday , 06 February 2016
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While infrastructure developments boost its realty prospects, poor civic administration is still a let-down

Ambala enjoys a strategic location in North India. It is close to places like Delhi, Shimla, Amritsar and Chandigarh, which are tourist hubs. It is divided into two parts – Ambala City and Ambala Cantonment. The armed forces of India have a significant presence in the city. Its cantonment area was formed under British rule. The Ambala Air Force Station is one of the largest in the country. Recently, the Chief Minister of Haryana, Manohar Lal, announced an allocation of Rs 75.80 crore for the development of Ambala City. It will be used to address issues like flood, drainage and overall development of the military town. Here is an overview…

Connectivity

One of the key factors that work in Ambala’s favour is its proximity to major cities like Delhi, Chandigarh, Jalandhar and Amritsar. The nearest international airports are in New Delhi and Chandigarh. Ambala Cantonment, Ambala City and Dhulkot are three main railheads of the city. The Delhi-Kalka trains halt at Ambala. There are regular bus services, both state and private, to cities like Shimla, Amritsar, Delhi and Chandigarh. Some of the main highways running through Ambala are NH 1, NH 22, NH 65, NH 72 and the Ambala-Jagadhari Road. There is a lot of development on the Amritsar route (NH 1) and Chandigarh road (NH 22).

Education and medical services

There is no dearth of quality educational institutes in Ambala. Top CBSE and ICSE schools like Delhi Public School, Kendriya Vidyalaya, DAV Public School, Convent of Jesus and Mary, Springfield Public School and others have branches in the city. The nearby universities are Kurukshetra University and MM University. Kurukshetra University, one of the premier institutes of North India is located here. Ambala has engineering colleges like Ambala College of Engineering and Applied Research, Guru Nanak Institute of Technology and MM Engineering College. Students seeking training in vocational courses come to institutes like ICA, NIIT, INFDI and TCIL. Studies in branches of medicine like pharmacy, nursing and administration are also imparted here. Medical services in the city are provided through private and government hospitals. Some of the main hospitals are Healing Touch Hospital, Vardhman Hospital and Leelawati Hospital. The Government recently approved Rs 21 crore, for an international level football turf, at the War Heroes Memorial Stadium in Ambala Cantonment area. Fun Cinemas multiplex is located at the Galaxy Mall in Ambala. It also has a Big Bazaar outlet.

Real Estate

A number of infrastructural developments have come up in Ambala this year, which should boost its real estate sector. A ring road has been proposed from Ambala to Ambala Cantonment and there is a proposal to widen the Ambala-Kaithal Road i.e. NH 65, as well. The construction of four lanes on this stretch has already begun. Such infrastructural growth will extend the suburbs of the city, and will hopefully attract buyers in the long run. There has been a lull in the realty market of Ambala during 2015, similar to cities like Rohtak, Sonepat, Karnal and other cities of Haryana.

The projects of Haryana Urban Development Authority (HUDA) have not found too many takers due to the high prices. The escalation in taxes paid to collectors has also left an impact. On the civic side, it is poor sanitation that has peeved local residents and investors. Traditionally, the people of Ambala prefer sprawling bungalows or kothis but the new generation is also keen on buying and investing in flats. A few township projects are also coming up in the city.

Ambala Central is the best locality for end users. It has good educational institutions, banks, hospitals and markets in the vicinity. The neighbourhood is dotted with sprawling bungalows. Vatika Group has a huge project, Vatika City Central in Sector 23 of Ambala. One can buy residential plots in this project. It’s an eco-friendly one with a huge green cover, recycling facilities and rainwater harvesting. It is priced in crores. In order to cater to the middle class, HUDA is also selling freehold plots in sectors like 77-78 and 27. These are located on NH 1.

Ambala Cantonment is one of the best places to buy or invest in. Property rates here are in the range of Rs 3,000 to 3,500 per sq ft. A 2BHK villa plot, with an average size of 3,000 sq ft costs upwards of Rs 70 lakh. Sadar Bazar, which is the most bustling market here, is also the commercial hotspot. A sq yard of land costs more than Rs 2 lakh here. Mahesh Nagar and Baldev Nagar are two other realty hotspots. A 2BHK resale flat costs around Rs 30-35 lakh in Baldev Nagar area. A number of deals are taking place related to agricultural land in Ambala, close to NH 1, 65 and 22, but buyers are advised to be physically present during deals.

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