Ahmedabad, a city which is mostly preferred for its peaceful living as it is an escape from horn blaring mundane of other metropolitan cities. The city has also emerged as a favorite real estate investment destination in the past few decades. Real estate in Ahmedabad is mostly dominated by the end users and this is why there is a demand of all types of housing properties in the city.
Affordable houses in Ahmedabad
The city is touted to be the trade centre and the commercial capital of the state of Gujarat. Foreign investment from joint ventures with multinationals and investment by NRI’s in real estate during the past few decades has driven the property market with assured higher returns.
However, rising property prices has led to delaying and procrastinating behavior of buyers as they are waiting for real estate prices to come down. Buying affordable houses in Ahmedabad seems to be a bit difficult because of mounting inflation, overall increase of raw material rates and construction costs. Considering the scenario, a good number of reputed builders have now set a focus on creating townships for bulk sale of affordable homes in Ahmedabad.
They aim to cater the requirements of the middle class segment with accessibility to abundant medical, recreational and commercial services. Higher land prices in western Ahmedabad has shifted the focus to eastern part. Real estate in Ahmedabad comprises of both low-cost and high-end properties which adds to the attractiveness of the city. As housing loans are readily available and interest rates have also come down, a good number of prominent real estate developers are showcasing their interest to plan cost-effective real estate projects for the low and middle income group.
Apart from the affordable houses in Ahmedabad, luxury properties in the city is also seeing a great demand in the city. The higher income segment of the city and outside are showcasing their interest in buying luxury homes in Ahmedabad. A lot of NRI’s are also willing to invest in luxury homes. The crave to spend a lavish life amidst tranquility pushes people to invest in luxury properties in Ahmedabad.
Captured below is expensive and affordable hotspots of Ahmedabad
Satellite is touted to be one of the most prominent localities in Ahmedabad for residential and commercial investments. The area boasts of a robust infrastructure and excellent road network which make it the most sought after destination in the city. Satellite gets its connectivity from SG Highway and 132 feet Ring Road. Bus services are provided by both Ahmedabad Municipal Transport Services (AMTS) and Bus Rapid Transit System (BRTS). It is located 3 km away from Vastrapur Railway station, 9 km from Ahmedabad Railway station and 15 km away from Sardar Vallabhbhai Patel International Airport. Property in Satellite is slightly expensive compared to the average prices of other properties in Ahmedabad.
Strategically located on the north-western side of Ahmedabad, Chandkheda has witnessed a lot of commercial development in the recent past. This is why it has also emerged as one of the most preferred residential locations of Ahmedabad. The Chandkheda – Gandhinagar Road and the Sardar Patel Ring Road offers smooth connectivity to other parts of the city. The major highlight of Chandkheda is its being one of the least expensive nodes in Ahmedabad. ONGC has its office here and people working here and other IT companies are the ones buying property here.