With high levels of urbanization, Punjab is first state in the country to introduce master planning of towns. Besides, master plans of all major cities of the state have been notified already. New areas for planned development are being identified and necessary projects are being started. Government of Punjab expects to provide all its 147 cities and towns with planned development, 24 x 7 availability of quality power, 100% coverage for sewerage, solid waste management facilities and projects to ensure smooth traffic flow in next four years.
One of the major development projects underway is development of Mohali downtown. A total of 80 acres of prime land at a floor area ratio (FAR) of 2.5 in Sector 62 of Mohali is available for immediate development. Further, leading banks and financial institution are available for Mohali Downtown development. The planned area here includes land for development of office complexes, five-star hotel, convention center, malls, multiplexes and auditorium and it is estimated that a total of ₹ 3,000 cr will be invested in this project.
Similarly, development of Ludhiana Downtown is another endeavour by the government. The area has excellent connectivity via the National Highway and is in close proximity to the Ferozepur Road which is the main growth corridor in the city. This project is primarily aimed at creating central hub of growth within the city and tap into huge demand of retail/ office space and high end residential spaces in the region. 1,200 acres along Sidhwan Canal on the outskirts of Ludhiana city is proposed to be developed into Water front City. In addition, the project will aim at making Ludhiana a tourism destination by developing amusement, recreational and residential facilities in 1100 acres of area.
The government has also planned Bus Rapid Transit Systems (BRTS) for major cities of state. The project will be implemented on Gross Cost Model with a government nominated agency for collection of fare. Private partners will be employed for maintenance and operation of the buses. Strategic cities for implementation of this project are Amritsar and Ludhiana since demand for such system is quite high in these cities. The projects have been sanctioned and are underway in these cities and may also include Mohali.
Such a great infrastructure and urbanization has improved the quality of life in Punjab a lot. These developments have made it not only a great place to live but a great place for industry and business.