Jalandhar’s real estate market is going through a major shift driven largely by the rise of high-rise buildings and modern housing projects and according to experienced property dealer Honney Mann who has been in the business for over 20 years this change is clearly visible in both prices and buyer preferences.
He said the growing trend of high-rise apartments has changed how people look at housing and “Community living and better lifestyle standards have come in with projects like AGI Infra Ltd developments” he explained and adds that these projects are attracting buyers who now prefer modern flats over traditional independent houses due to various factors like lifestyle, safety and other added benefits.
One of the biggest highlights in the city right now is the 66 Feet Road which he described as the most in-demand location in the city and the property rates here have seen a sharp rise especially for commercial spaces. Prices are currently around ₹25–30 lakh per marla which is almost at par with prime city rates however he also pointed out that some properties here are now becoming overpriced due to high demand as well.
At the same time he mentions how traditional residential areas like Urban Estate, Mota Singh Nagar, and Master Tara Singh Nagar continue are falling short in comparison to the new high-rise trend with land prices ranging between ₹7–15 lakh per marla for these locations, as buyers now prefer to move from traditional residential areas to community living at high-rise apartments.
The dealer also noted that while new housing options are increasing older parts of the city are slowly losing population as people move towards newly developed areas “New Jalandhar is expanding and new builders are entering the market” he said.
In terms of commercial activity Model Town remains the strongest and most stable market in the city “It is still the only area where brands have a long-term and sustainable presence” he said adding that it continues to function as Jalandhar’s main commercial hub.
On the pricing side high-rise apartments especially in premium projects like AG are currently priced at somewhere between ₹70 lakh to ₹3 crore depending on various factors and he also points out that ready-to-move properties in Jalandhar have high resale value mainly because of limited availability as buyers looking for immediate possession are willing to pay more pushing resale prices up.
Overall the shift towards high-rise living, better infrastructure and rising commercial hotspots is clearly redefining Jalandhar’s real estate landscape.
