Over the next five years, Amritsar’s real estate sector is expected to get a major boost. The development of Amritsar Delhi Kolkata Industrial Corridor (ADKIC) will create world class infrastructure and change the realty map of almost 20 cities.
ADKIC would run through seven states including Punjab, Haryana, Uttarakhand, Uttar Pradesh, Bihar, Jharkhand, and West Bengal and would comprise a belt of at least 5.5 lakh sq. kms. This is one of the most densely populated regions in the world and houses about 40% of India`s population. This region needs a major push for industrialization and job-creation and the Amritsar – Delhi – Kolkata Industrial Corridor will act as a catalyst for this growth. The corridor will cover the cities of Amritsar, Jalandhar, Ludhiana, Ambala, Saharanpur, Delhi, Roorkee, Moradabad, Bareilly, Aligarh, Kanpur, Lucknow, Allahabad, Varanasi, Patna, Hazaribagh, Dhanbad, Asansol, Durgapur and Kolkata.
ADKIC is proposed to be developed in a band of 150-200 kms on either side of Eastern Dedicated Freight Corridor. The first phase would entail setting up of integrated manufacturing clusters of 10 square kms in each of the states. The manufacturing clusters will be identified by the state governments.
The industrial corridor is a promising investment opportunity and will attract more FDI, bring world class technology, improve economies of scale, ensure better connectivity and lead to low logistics cost and low inventory. It will further enable smooth supply chain integration and enhance export competitiveness. This will certainly bolster trade and economic ties and will see a spurt in manufacturing and real estate sectors.
If you’re planning to invest across this belt and get maximum appreciation, look out for our Crescent ParC Township project – Ashberry Homes & Crescent ParC Plots strategically located on the NH 1 growth corridor.
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