A commercial land parcel in the prestigious Model Town locality of Jalandhar has been sold for ₹3 crore, reflecting continued demand for premium real estate in the city. The buyer, reportedly a hospitality developer, aims to leverage the plot’s prime location and footfall potential for a boutique hotel or upscale dining establishment.

Key Highlights:

• Location: Model Town, one of Jalandhar's most affluent and centrally located areas.

• Transaction Value: ₹3 crore.

• Plot Purpose: Planned for a hospitality development, possibly a hotel, café, or fine-dining outlet.

• Connectivity: Excellent access to major roads, shopping centers, and residential neighborhoods.

Market Insight:

Model Town continues to be a commercial hotspot, especially for F&B, retail, and boutique hotel chains. The recent transaction underscores growing investor confidence in Tier-2 cities like Jalandhar, particularly in areas with established infrastructure and affluent clientele.

As travel and tourism slowly rebound and demand for local experiences rises, developers are eyeing high-traffic zones like Model Town for ventures that blend commerce with community appeal.