Real Estate Properties in Amritsar

Amritsar is a famous city in the state of Punjab, which was earlier called Ramdaspur and Ambarsar. It gets its name from the Amrit Sarovar, the holy water body surrounding the beautiful Golden Temple. It’s one of the largest cities in Punjab and the administrative headquarters of the Amritsar district.

Having a significant Sikh population, this city is a spiritual center for the Sikhs. The city of Amritsar is known widely for the Golden Temple or Harmandir Sahib. It also houses houses the symbol of Sikh political sovereignty called Akal Takht and holiest text of Sikhism, the ‘Guru Granth Sahib’.

Known for its rich cuisine and vibrant culture, Amritsar is visited by a lot of tourists from all over the world. This city is also known for the tragic Jallianwala Bagh massacre in 1919. Amritsar has very narrow streets and is a very good example for the Katra style of introverted planning system, a defense system for when the city comes under an attack.

Stats and Facts

• As per the census report of 2011, the population of Amritsar stands at 11, 32,761. But its urban agglomeration has a population of 11, 83,705
• According to the same report, the sex ratio in Amritsar is 879 per 1000 males, which is well below the national average sex ratio of 940 per 1000 males. There is, however, a definite increase in sex ratio from the previous counting that occurred in 2001
• Amritsar’s literacy rate is 85.27%, according to the 2011 census. This number indicates an amazing upward trend, as the literacy rate stood at just 67.85% during the release of the previous census report in 2001
• Amritsar lies on the Grand Trunk Road (also known as NH-1), which connects the city to Delhi in India and Lahore in Pakistan

Tourism and Fabrics Industry

• The tourism sector is the largest contributor to Amritsar’s economy. Lots of people from all over the world flock here, which boosts other industries apart from tourism
• The Golden Temple alone attracts more visitors than the Taj Mahal in Agra. Even on weekdays, there are more than 1, 00,000 visitors. A lot of NRIs also visit here
• Amritsar is also very famous for its Pashmina shawls. The manufacturing of silk goods, thick serge, and carpets form a major part of the industry, contributing to this city’s economy
• Weaving carpets is also popular in Amritsar, and are mostly produced from inferior raw wool

Connectivity

• Amritsar can be reached by domestic and international travelers by air through the Sri Guru Ram Dass Jee International Airport. More than 160 flights, both national and international, fly during the week. It’s connected to the metro cities in India, and cities abroad, like London Heathrow, Doha, and Dubai
• Amritsar is connected by rail to most important cities in India. The main terminal station is the Amritsar Railway Station and has 6 platforms 1a, 1, 2, 3, 4, and 5. The Samjhota Express, a special train runs towards Wagah before moving on to Pakistan. A high-speed line is proposed, which will serve Delhi and Amritsar through Ambala
• Located on the Grand Trunk Road (G.T. Road), better known as NH-1, Amritsar is very well connected by the road network to all the major cities in India as well as Lahore in Pakistan. There are buses that run frequently between Amritsar and surrounding cities like Delhi, Ambala, Patiala, Jammu, and Chandigarh. The expansion of the Amritsar-Jalandhar stretch of the G.T. Road to 4 lanes is the latest development
• The intra-city transportation mostly takes place through cycle-rickshaws, auto-rickshaws, buses, and taxis. A mass rapid transport system is in the development stage, which is expected to help the current traffic situation

Amritsar Civic Administration

• The administration of Amritsar comes under the administrative department of the Amritsar district
• The district of Amritsar is divided into 4 tehsils, 5 sub-tehsils, 9 blocks, 11 Assembly Constituencies, and 1 Lok Sabha Constituency
• The Deputy Commissioner looks after the general administration of the city. Also taking up the role of a District Magistrate, he is also effectively the head of the police force
• The areas of public works, education, health, agriculture and animal husbandry come under the administration of district officers belonging to different Punjab state services
• Maintaining law and order in Amritsar is the responsibility of the Senior Superintendent of Police, assisted by Punjab Police Service officers and other officials
• Amritsar’s public works and health systems are managed by the Municipal Corporation, which is a democratic body consisting of councilors, and presided by the Mayor

Amritsar Infrastructure

Amritsar is rapidly developing in the infrastructure sector. The Government of India is keeping aside separate budgets for a lot of projects pertaining to the growth, development, and maintenance of the sewage, water, and roads in the city under JNNURM. A number of malls and parks are in progress in this city. Being a major magnet for tourists, lot of stress is being put on taking extra care of the religious and historical places here.

One of the most important projects in Amritsar infrastructure development is the mass transit system, which will connect the city to Delhi through Chandigarh. The widening of roads is being undertaken, which is very important for the city’s connectivity to other major surrounding cities.

With the renovation of the international airport in Amritsar, which now has a brand new terminal, the infrastructure of this city is scaling new heights. Other primary areas, such as education and healthcare facilities, are also being targeted for rapid development and expansion. More residentially oriented projects are also being undertaken.

Infrastructure Projects

Amritsar Real Estate

• The real estate of Amritsar is evergreen due to it being a major tourist spot and spiritual center
• The Amritsar real estate market is attracting a lot of investments because of the heavy development in infrastructure and the many commercial projects being undertaken
• The market is now witnessing people going in for multistoried houses and societies, shifting from independent houses and colonies
• The renovation of the international airport saw more NRI traffic, which has led to increased activity in this sector

Key Localities in Amritsar

Charges by Different Government Bodies

Property Registration

PSPCL and PSTCL – Supply Of Electricity In Amritsar

After Amritsar’s PSEB (Punjab State Electricity Board) was unbundled, the distribution of power is managed by two entities, PSPCL (Punjab State Power Corporation Limited) and PSTCL (Punjab State Transmission Corporation Limited). A tripartite agreement was signed between the Punjab Government, PSPCL (also known as POWERCOM), and PSTCL (also known as TRANSCO).

Electricity Tariff (Based on FY 2011-12)

Punjab Water Supply and Sewerage Board

The PWSSB board has been responsible for the supply of potable water in Amritsar. The board has shown immense improvement in the water sector since its formation and has a reach of 88% in the city.

Water Tariff (Based on 2007-2008)

• Stamp Duty: 5%

  Electricity Consumption Slabs (In Units)	Price Per Slab (In Rs.)
  0-100	3.11
  101-300	4.52
  Above 300	4.78

  Plot Size	Rate Of Water Per Connection Per Month (In Rs.)
  Upto 5 Marla (125 sqmt)	Exempted
  Above 5 Marla but less than 10 Marla (125 - 250 sqmt)	105
  Above 10 Marla but less than 1 Karnal (250 - 500 sqmt)	140
  1 Karnal and above (500 sqmt or more)	Metered supplies only

  Plot Size	Rate Of Water Per Cubic Meter (In Rs.)
  Metered water connections (domestic)	3.8 (2007-2008)
  Metered water connections (commercial and industrial)	7.6 (2007-2008)