Kharar Ambala Road: Rapidly developing infrastructure spurs growth and opportunities for future
Raman Gupta, director (branding & construction), GBP Group, shares his views
Kharar Ambala road is going to become the most popular commercial hotspot in the coming years for people looking to invest in a region near Tricity’s real estate market. The region is going to witness this major progress due to the widening of NH-7, which is going to be expanded into a six-lane road in the coming 4-5 years. This will directly increase its capacity to accommodate up to 5-7 times the traffic. Kharar-Ambala Road is at an intersection of Punjab, Haryana & Himachal Pradesh, lying in proximity to all the major hubs of Tricity like Zirakpur and Mohali. This patch of development will also become the busiest in another 12-18 months with the commencement of international flights.
Kharar Ambala Road will be providing variety in terms of 2BHK, 3BHK, and independent flats at affordable price points. The contemporary most sought after residential locations like Zirakpur have price points triple the rates, with minimum average price starting from 50,000 sq/ft. IT companies, banking institutions, restaurants and hotels developing around this region will be benefited immensely due to the airport and tourist traffic.
Also, the upcoming Aerotropolis city is a government owned township spread around a sprawling area of 5500 acres opposite this road, with 20,000 residential plots and one lac apartments, which will be leading to the population scope of 5-8 lacs people in no time. It will be covering 30 villages in a similar outlook as Chandigarh’s well planned sectors, delivering redefined urban living for the region. Apart from that in terms of the educational sector, well-known names such as Amity University and Ashoka University are coming up in 4-5 km periphery, leading to creating a pool for students and teaching staff of around 2 lakh.
The region will become an ideal hub to earn via residential and commercial real estate due to the quality of population residing nearby. Residential properties can earn a great deal of rental income from student co-living spaces, independent flats, etc. Integrated societies with an enhanced security system, a range of social amenities like gymnasiums, pools, jogging tracks, children playing area, shopping arcade will pave the way for a newer definition of lifestyle here. It is an ideal time to invest in the region as it is still in its nascent stages of development, reputed market players are flocking to grab the opportunity and make the most of it.