Touted to be the fastest growing city in the State of Gujarat, property in Ahmedabad has gained tremendous momentum over the past few years. One of the significant reasons that has led to the drastic change in the demand dynamics of property in Ahmedabad is the burgeoning industrialization with many blue chip companies entering into the space. The city is a home to numerous pharmaceutical, chemical and IT companies also. Other than these, the automobile, and oil and natural gas industries are also developing at a very rapid pace.
The city also attracts the investors due to its cultural ethos and magnetic charm. The city hosts some of the most reputed educational institutes in the country that pulls a good number of students every year from different parts of the country. The city enjoys an excellent social and physical infrastructure with best of the medical facilities available in the city and other recreation avenues. These factors have fuelled the demand of the property and a good number of top builders in Ahmedabad are looking forward to launch their projects here.
Other factors that have in instrumental in bringing the real estate in Ahmedabad up the curve is its excellent well connectivity to other important cities in the State and the country. The city also enjoys a robust connectivity by air, rail and road. The city enjoys well developed internal city roads and flyovers and also has BRTS (Bus Rapid Transit System) connected to most parts of the city. The real estate sector in Ahmedabad is booming at a rapid pace due to several new constructions in the form of SEZs, IT parks, integrated townships etc. Once these projects are completed, it is expected to create thousands of white collar jobs and boost the city further. This clearly indicates that the city has huge potential to grow. Considering this factor, many top builders in Ahmedabad are launching their projects in ahmedabad with state of the art infrastructure and class apart amenities.
Captured below are the three promising real estate destinations of Ahmedabad
Prahlad Nagar has emerged as favorite investment spot mainly due to the plethora of commercial set-ups that has unlocked the value of this property. A good number of multi-national companies, BPOs, KPOs have their presence here. Known to be one of the most well-planned and developed areas of Ahmedabad, the area features all the basic facilities such as schools, hospitals, banks, restaurants, malls etc. The area appears the best bet for upper-middle and high classes.
Bodakdev appears to be a lucrative destination for luxury units. Senior executives, people at the managerial level in the companies located along SG Highway are the ones who generally invest here. Presence of excellent physical and social infrastructure such as wide roads, schools, public transport, hospitals, banks, malls, etc in proximity makes it the most sought after real estate destination.
The area got a sudden momentum due to its proximity to industrial area, improved connectivity and excellent development of basic infrastructural amenities . The above mentioned factors combined together to push the demand of this area and today it is one of the most preferred locations in Ahmedabad. It also appears as a great bet middle class investors.