Bathinda arrives
With work on the Oil Refinery already in progress and other major development projects on the anvil Bathinda is all set to emerge as one of Punjab and North India’s major growth centres, reports
S.P. Sharma
With work on the Oil Refinery already in progress and other major development projects on the anvil Bathinda is all set to emerge as one of Punjab and North India’s major growth centres, reports
S.P. Sharma
Bathinda and its adjoining areas have been known as the backwaters of Punjab for a long time. But the picture seems to be changing, and changing fast in this predominantly rural area of Malwa if one considers the growth in realty sector in the area. Not only have land prices maintained an appreciable growth but the area has also caught the fancy of major realtors and builders.
 THE TRANSITION: From being the backwaters of Punjab, Bathinda has become a high-potential area as hoardings announcing mega projects (top) bear testimony to the changing real estate scene in the area. |
The Rs 18,000 crore refinery project of world-famous steel baron Lakshmi Mittal has generated feverish activity among the private builders as the demand for a large number of modern residential units is going to increase manifold once work on the project begins here.
Along with this several other development projects too are expected to bring a large number of senior and middle rung executives, besides a lot of work force, to the city.
Mansa road is, in fact, gradually becoming the hub of privately developed townships reason being that land on this stretch is cheaper and the area is also relatively free from air pollution being caused by the thermal power station in and around the main town.
Another factor that has triggered the building activity here is that the builders are being offered several concessions in Bathinda that has been declared a low-potential area by the state government.
In a bid to attract buyers for villas and residential plots near Bathinda, Ansals group and HBN are among the major builders that have some upscale projects lined up in the vicinity of the city. Ansals group, in collaboration with a local builder, is developing a township over an area of 250 acres on the Mansa road, while HBN is also developing a smaller township in the neighbourhood. Pankaj Gupta, deputy general manager (Projects) of the Ansals, said while being in Punjab, Bathinda has locational advantage by virtue of being close to Haryana and Rajasthan and this was the main factor that has brought major builders here.
Gupta said the town is undergoing development at a brisk pace and there is lot of activity in terms of industrialisation and its socio-economic profile too is changing rapidly. This change has resulted in a great demand for planned housing with a wide array of facilities.
He said the ‘Sushant City’, being built by the Ansals would provide the essence of Canadian lifestyle to the city. The township will offer its residents the privilege of a Canadian style club.
The commercial property scene too is hotting up in the city. This became evident when recently the Bathinda Development Authority (BDA) auctioned a 4.5 acre commercial site in Bathinda for a whopping Rs 184 crore.
Talking in this regard BDA chief administrator said Best City Developers Private Limited of Delhi was the successful bidder which bought the property, which has been positioned for multiplex-cum-mall, at a price approximately 35 per cent higher than the reserve price. BDA had fixed the reserve price for this site at Rs 135 crore.
Four parties from all-over the country participated in the auction that was termed the largest ever real estate auction in the history of the state by Harcharan Bains, media adviser to Punjab Chief Minister.
Earlier in an auction in Jalandhar, a 2.94 acre piece of real estate had been auctioned to Reliance by Punjab Urban Development Authority (PUDA) for Rs 104 crore.
This was followed by another high-priced auction of 5,000 sq yard commercial property on Ferozepur Road in Ludhiana for Rs 77 crore.
With all this there is little doubt that Bathinda would emerge as one of Punjab and North India’s major growth centres in the days to come
Real Estate
Private developers are bringing Bathinda on the national real estate map. Bathinda-based Sheeshmahal Developers has been developing 43 acres - mid-scale apartments, shopping complexes, schools and parking spaces - as per PUDA norms.
"Among other projects are: 20-acre housing project from Ansal and Mittal (726 units, including plots and 60 villas) on Bathinda-Mansa highway at Rs 300 crore; Silver Oaks Township near Bibiwala village; Ganpati Estates 55-acre township on Dabwali road; 25-acre housing project from HBN and Group and Pearls Infrastructure township"
Source
Private developers are bringing Bathinda on the national real estate map. Bathinda-based Sheeshmahal Developers has been developing 43 acres - mid-scale apartments, shopping complexes, schools and parking spaces - as per PUDA norms.
"Among other projects are: 20-acre housing project from Ansal and Mittal (726 units, including plots and 60 villas) on Bathinda-Mansa highway at Rs 300 crore; Silver Oaks Township near Bibiwala village; Ganpati Estates 55-acre township on Dabwali road; 25-acre housing project from HBN and Group and Pearls Infrastructure township"
Source
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