Real estate in Ahmedabad has been a favorite investment destination for most of the property seekers not only from India but also abroad. The place has also attracted a lot of traction from NRI diasporas. There are several factors that have spurred the demand of Ahmedabad property. This article discusses the highlights of Ahmedabad real estate in details.
The major highlight of the city is its excellent connectivity by road, rail and air that has led to the growing demand of the residential property in Ahmedabad. Ahmedabad Municipal Transport Service (AMTS) and interstate bus services offers smooth and uninterrupted access to different parts of the state and within the city. An extensive rail network connects Ahmedabad with most of the other cities in India. Sardar Vallabhbhai Patel International Airport, also known as Ahmedabad Airport offers a hassle free fly to major national and international destinations. So, connectivity has been the major highlight of this city which has also been instrumental in bring the real estate market up the curve.
The city boasts of an excellent physical and social infrastructure with plethora of educational institutes, banks, hospitals, colleges and many more. The development of residential townships, extravagant malls, office spaces and flyovers have also been instrumental in changing the demand dynamics of the city and fuelling its growth further. The city offers a tranquil living and a healthy lifestyle which attracts most of the investors.
This is the most sought after construction in the pipeline, once completed it is envisaged to change the demand dynamics of real estate in city drastically. It is expected to generate more than 5 lakh white collar jobs after its completion.
End-users: The unique thing about affordable homes in Ahmedabad market is that is mostly dominated by the end users itself. A scorching growth pace seen in the industrial sector combined with a whopping increase in population has led to increased demand for residential units. The city appears to be an investor friendly city with plethora of lucrative offers. It is among the few cities of India which not only attract investment, but have ample number of investors.
Types of properties
Ahmedabad offers all kinds of accommodation facility in the form of residential properties. People from all realms of the society can afford to buy a place in this city. You get luxurious houses to budget apartments in the city. Then the developmental work along places like S.P. Ring Road, Sarkhej-Gandhinagar Highway and Prahladnagar is also another reason behind this growth. The commercial aspect of Ahmedabad Properties is on the roll for years. This city had served as a good speculation for many investors across the world. The presence of end users, banks, insurance companies and financial institutes has added to the upsurge of Ahmedabad and its commercial properties.
Affordable housing scheme
Affordable housing scheme has inculcate a lot of positive sentiments amongst the buyers. One can get the best property in the city without burning a hole into their pockets. The projects in ahmedabad offers the best of the amenities and state of the art infrastructure. Infact, this scheme has attracted a lot many investors who were looking for budget investments.
The major attractiveness of the real estate in Ahmedabad is that it is expected to fetch healthy returns in future which makes it an amazing bet for both end users and investors.