Land prices in and across the ancient township of Dera Baba Nanak, located barely one hundred metres from the International Border, are set to skyrocket following the selection of the Indian and Pakistan governments to assemble a 3.Five-km hall from the metropolis until the Kartarpur shrine across the border.
Real estate professionals declare that aside from land charges, the economy of the entire border district of Gurdaspur is about to develop exponentially.
The starting point of lakhs of devotees from the Indian aspect, who are predicted to pay obeisance at Kartarpur Gurdwara, could be Dera Baba Nanak.
“The metropolis can be transformed into an important religio-tourism hub following which land expenses will continuously growth manifold. Already some Delhi-based totally assets dealers have started eyeing the area. The biggest beneficiaries might be the hotel and restaurant industry. In simply one stroke, the town has been catapulted to worldwide reputation,” said Manjit Singh Dala, a Gurdaspur-based totally actual estate owner.
Dera Baba Nanak MLA Sukhjinder Singh Randhawa said fees of both agriculture and commercial land could see an increase.
There are reports that overnight the fees of agriculture land have surged. “The price per acre of land was Rs 15 to twenty lakh. After Thursday’s statement, agriculturists are annoying Rs 30-35 lakh per acre,” said a farmer.
Amritsar, Gurdaspur and Batala-primarily based hoteliers have started the system of commencing places of work in the town. “We have decided to set up places of work in Dera Baba Nanak and could offer free transportation to pilgrims until Amritsar, Batala and Gurdaspur. Since the town does now not have even a unmarried motel, lengthy-distance pilgrims will haven’t any alternative except to stay in our lodges. The hall has without a doubt revived our industry. For the ultimate numerous years, business had now not been accurate but now we see a ray of desire,” said Romesh Mahajan, president of the Gurdaspur District Hotel Owners Association.
There are approximately 15 resorts in Gurdaspur and 20-bizarre in Batala. In Amritsar, the count number is over a hundred and fifty. “Pilgrims touring from HP and J&K will be taking the Pathankot-Dinanagar-Gurdaspur-Kala-naur course to reach Dera Baba Nanak. Because Gurdaspur is the closing massive metropolis on the manner to Dera Baba Nanak, we assume human beings to make a stopover. Devotees coming from Delhi and different elements of the united states of america could be taking the Jalandhar-Tanda-Dasuya-Mukerian course or rather the Jalandhar-Baba Bakala-Batala avenue. Both methods, we stand to advantage,” averred Romesh Mahajan.
Real estate professionals claim the economic system of the entire border district of Gurdaspur is ready to grow exponentially
Biggest beneficiary if hall opens might be the resort and restaurant industry
There are about 15 hotels in Gurdaspur and 20-atypical in Batala. In Amritsar, the be counted is over 150
Overnight, reviews endorse, the prices of agriculture land have surged from Rs 15-20 lakh per acre to Rs 30-35 lakh