THE GROWTH GRAPH OF AHMEDABAD REAL ESTATE IS IN EXPONENTIAL TREND KNOW HOW

What’s the scenario?

Ahmedabad, being the biggest city in Gujarat and one of the greatest hubs of commercial as well as residential areas, it has commercialized itself to be an area of real estate investment. The availability of several residential projects is attracting a lot of potential home buyers. Its advantages include location nearer to the banks, schools, top rated educational institutions (like IIM, CPET, NID) as well as being a hub of textile, pharmaceutical and chemical industries.

Whats the reality Trend in Ahmedabad

The real estate market is growing and reaching heights because of great commercialization and its meeting the demands of the homebuyers If compared the past with the present scenario, in the past residential development in Ahmedabad, there were individual bungalows. Now new projects like Godrej Atmosphere have come up with new cropping of flats, apartments, serviced apartments, bungalows, penthouses, and township properties. The major advantage lies in the factor that across all the sectors, there will be consistent 10-15% growth in the property rates. The slump in the house sale with over 42,000 new housing units that are lying unsold.30% of the unsold lies in Vastrapur, Bhopal, Thaltej, and Satellite.

What Are the Major Areas

The major residential areas are in Shahibaug in the north, Bodakdev, Prahlad Nagar in the west, and the areas in Kankaria and Chandola lakes in the south-east such. Ranip, Maninagar, Nimaynagar, the Sadder Patel King road. Sanand is an automobile hub whose flats are pricing around Rs 3000-3500 sq. ft. In Jagatpur located in north Ahmedabad, the prices range from Rs 4300-5000 sq. ft); while that of Thaltej the prices falls between Rd 4700-Rs 5200. The most popular locality is Sarkhaj-Gandhinagar Highway which connects Ahmedabad with Gandhinagar. Many potential buyers make their home here in SJ highway, and the prices fall anywhere between Rs 2900-3200 sq. ft. Therefore all these factors lead to making Ahmedabad as one of the preferred cities to invest in real estate. This property has come up with the best deals for which a buyer would have been waiting, and this deal is a quite once in a lifetime’s deal. Even areas like Kuber Nagar, Gandhi Nagar, Ashram road, Nicol, Nava Naroda and now Ranipare has become the recent major openings.

The property market has grown since the years showing a good peak, and the conditions for targeting a real estate in this place are so favorable that these areas have become hubs of investment.