HIGHEST PRICE GROWTH

In Ahmedabad, developed localities take up majority of the positions in the list of localities which have shown high growth. Navrangpura tops the list with 9.7 per cent growth, followed by CG Road with 9 per cent growth and Satellite Road with 6.8 per cent growth. Other performing localities include Paldi and Memnagar, both witnessing a 6.1 per cent growth, respectively. Navrangpura’s housing inventory offers apartments, houses and builder floors to interested buyers and investors. Apartments are the most readily available property type. Most of the properties on offer are ready-tomove-in. The common configuration is 3BHK units. Apartments and houses feature most in the residential mar ket of CG Road today. Though one can find builder floor options sparingly as well. Supply in the locality mostly consists of higher configuration properties 3, 4 and 5BHK units. The common configuration is the 4-BHK units.The widest array of property types in comparison to the first two localities is being offered on Satellite Road. Apartments, builder floors, houses, villas and penthouses can be found on sale.However, the most commonly found configuration would be 2-BHK readyto-move-in (resale) units. Some might cost higher as per the décor and amenities being offered. In Navrangpura, 3-BHK unit in the size of 900-2250 sq ft will cost you Rs 65 lakh-3 crore and above depending upon location and amenities.

In CG Road, a 4-BHK unit (19803820 sq ft) will go anywhere between Rs 1 crore and above to 3 crore & above. On the other hand, in Satellite Road, a 2-BHK unit (450-1100 sq ft) is priced at Rs 35-55 lakh.

Satyen Ravel, B Quick Property Solutions says, “The key factor that makes a locality popular is its overall infrastructure. If the locality is welldeveloped and its residents do not have to travel a considerable distance to meet their needs, then it is a good locality to reside in.“ True to what Ravel mentions, localities that seem popular need to have an overall developed structure and good residential options.

Vasna, Chandkheda and Ramdevnagar have recorded the highest rental yield in Ahmedabad. Rental Yield represents the annual return from renting your house in that locality. For people who are looking to earn good returns, these three localities show potential. Other localities with good yields include Drive In Road with 9.0 per cent growth and Jivraj Park with 5.4 per cent growth.

The rental market of Vasna mostly offers apartments and builder floors for leasing. Properties with 2-BHK configuration are most commonly found for leasing. Chandkheda’s market offers apartments, builder floors, houses and villas for rent.

Properties with 3 BHK configuration are most commonly found for leasing. The rental market of Ramdevnagar also of fers apartments and builder floors for leas ing. Properties with 3 BHK configuration are most commonly found for leasing. The good thing about Vasna is that the locality is still free from the city’s vices such as noise pollution and traf fic congestion.

The social infrastructure is devel oped. Announcement of the Metro project which will run from Vasna to Gandhinagar, will further make it pop ular.

Good infrastructure works for Chandkheda. The locality is 15-20 min utes away from the airport, railway sta tion and SG Highway. Gandhinagar is located very close to the locality and the social fabric is developed too.

Ramdevnagar is centrally located.

Wide roads, presence of utilities, mar kets at a stone throw distance and proximity to SG Highway are some reasons for its preference amongst tenants.

Armed with the information, one should be off to a good start. Remem ber to check the background of the de veloper before investing. A site visit is also a must.