A city situated in the Central Gujarat famous for its unique and fascinating Indo-Saracenic architecture, massive cultural events, firstof-its-kind riverfront, an ever rising economy, intriguing pol culture and its unequivocal past, Ahmedabad is indeed a bright spot in the real estate map of the country.The city’s expanse is mind-blowing as it is an outstanding blend of modern and traditional cultures. Ahmedabad has tens of hundreds of natural and manmade lakes, a huge river, stadiums, gardens, grounds, heritage buildings which add to the aesthetic value of the city.Unlike other cities that form out of a congregation of areas, Ahmedabad has developed and formed by joining villages. This metropolitan city has spread its wings in all directions and has grown massively. It might not be an exaggeration to imagine Ahmedabad’s distance remaining just few minutes away from Vadodara or Gandhinagar or any of its neighbour cities some 2030 years down the lane.Not just aesthetically, geographically, historically or culturally, but even considering the capital appreciation, Ahmedabad has probably left many of the Indians cities behind. This metropolitan isn’t getting tired of running on the path of expansion and development with each passing year, the growth rate is increasing. Be it textile, petro-chemical, pharmaceutical, or most of the sectors, Ahmedabad is like the centre of state’s economy and industrial base. Not such mammoth public and private sectors units but also MNCs via FDI are occupying the city.
Needless to say, this city experiences unending migration related to employment and better living conditions which is acting as the fuel that keeps igniting the demand for housing in Ahmedabad.
Thus the city’s growth and its real estate market don’t seem to experience stagnancy which makes Ahmedabad investment-friendly.
Ahmedabad is divided into two parts: East and West by the river Sabarmati that flows across the city. Residential property appreciation in the city has been to the tune of 50 per cent over the last three years. Especially the western end is unbelievably developing and joining the main city. Be it Thaltej, Shilaj or Satellite, Ghodasar, Naroda, Shahibaug, Ashram Road, CG Road, these areas have a huge potential and forever stay in demand.
New Vadaj, Sabarmati, Motera, Chandkheda, Ghatlodiya and Vasana are the areas that are witnessing an impressive growth. The upcoming malls, townships, apartments, flyovers, office spaces are counted upon to further change the city’s landscape.
The city is not only an investment opportunity city, but also an investor friendly city. It is among the few cities of India which not only attract investment, but have ample of investors. Residential real estate of Ahmedabad is dominated by private players and the market is also heavily driven by an active investor base.
Currently, the realtors of Ahmedabad are offering a diverse range of residential avenues like multi-storey apartments, plots, row houses and villas in the areas in and around Vadodara. Trends show that while the endusers incline towards investing in plots, a majority of the investors are also opting for multi-storey apartments along with plots.
Be it the seamlessly running flyovers, the twin development project of Ahmedabad and Gandhinagar, upcoming projects AUDA is planning, river front, development of lakes, mainte nance of heritage buildings, city’s infrastructure is inviting. It touches most of the major cities of the state and is also near to Rajasthan, Madhya Pradesh and Maha rashtra. Bhavnagar, Vadodara, Sanand, Na diad, Annad, Gandhi nagar, Surendranagar, Rajkot, Mehsana, Patan, etc., are easily accessible from Ahmedabad. It has interna tional as well as domestic airport, rail way station, and well-maintained and constructed roads and highways that connect it to other parts of the country.
People from Saurashtra and North Gujarat keep moving in large numbers to Ahmedabad, but last decade has seen not only Gujarat dwellers, but the craze of Ahmedabad touching people of country’s varied corners. Many non Gujaratis and even NRIs have been in vesting in Ahmedabad realising its bright potential.
Also the city is full of opportunities and the lifestyle of Amdavadis is irresistibly alluring which is making even the youngsters travel to Ahmedabad for studying. This has stimulated the rental segment of the city and urged Amdavadis to buy second homes to lend out as paying guest or on rent.
Ahmedabad living is full of entertainment and excitement far away from mundane city life as this city is surrounded by many sites for excursion.
