Are
you looking for a sound investment in real estate, Ahmedabad property market offers
you a safe bet, one that promises to be financially rewarding.
Ahmedabad
real estate is on robust growth and according to reports will continue on
fast-track growth driven by industrial growth and quality infrastructure. The
emerging metropolis continues to demonstrate growing interest of global as well
as domestic business and tourism industry.
Ahmedabad, the commercial capital of Gujarat
and one of western India’s fastest growing city has been a hub for textile,
pharmaceutical, chemical industries and also emerging as centre of medical
tourism and IT/ITEs industry. Ahmedabad also has some of the finest higher-
education institutions in the country such as IIMA, NID, DAIICT, EDI among
others, thus making it a great balance for both commercial and residential real
estate investments.
The
recent spurt in infrastructure and connectivity with BRTS, Ahmedabad
River-front, Metro Train, (Gujarat International Financial Tech City) -GIFT
City and availability of basic amenities makes Ahmedabad a great investment
decision.
Investing
is all about finding the right opportunity at the right time and ensuring good
returns on the property. Ahmedabad as
the next big hub in IT/ITEs, Finance and Capital Markets, Medical Tourism and
Education offers just the right place for you to invest. Not only are the rated relatively low compared
to other equally lucrative investment destinations, even the growth prospects
are very huge.
The
following are the major reasons that have catapulted Ahmedabad’s realty sector
to the frontlines and among the most sought after by investors and NRIs.
World-Class Infrastructure:
One
of the major drivers of growth in real estate is connectivity and
infrastructure. The success of BRTS and availability of basic amenities as
proper well connected roads and transportation hubs has immensely boosted the Ahmedabad
real estate property.
Further,
the upcoming Metro Train project has been solely responsible for the increase
in real estate in the areas of the twin-city hub of Ahmedabad and
Gandhinagar. Thus areas like Motera,
Chiloda, and Chandkheda have got a boost both in real estate prices and real
estate properties being established there.
While
areas like Navrangpura, Vastrapur, Shahibaugh continue to command the most
prices, new areas like Prahladnagar, Motera, Koteshwar, Bopal, Shelaj are
emerging as the most valuable and exciting investment destinations.
Thus
with BRTS, River-Front, Metro trains and quality roads and infrastructure,
Ahmedabad has become vastly accessible and connectivity a major strength,
mostly due to progressive growth policies and decisions in the Modi regime.
Twin-City Hub Ahmedabad – Gandhinagar:
The
close proximity of Ahmedabad and Gandhinagar has played a major role in the
growth of real estate in recent times. With plans to merge the two cities with
faster connectivity, the Gandhinagar – Ahmedabad Metro belt has attracted
massive interest from investors.
Apart
from BRTS, the upcoming GIFT CITY at Gandhinagar and Metro train project, has
boosted the real estate attraction of areas as Sarkhej-Gandhinagar Road,
Thaltej, Sardar Patel Ring Road, Maninagar, Ranip, Motera, Chandkheda and
Sabarmati. Since presently the rates of real estate are relatively low and the
short-term growth prospects very high, it presents as a lucrative investment
destination.
These
areas have seen massive activity in last few years and offer exciting
opportunity to investors to make a sound investment because of proximity to
both Ahmedabad and Gandhinagar. Further the availability of quality basic
amenities as water, light, good road and shopping centers has made them the
most sought after address in Ahmedabad.
They
have successfully attracted people across economical, middle class, affluent
and HNI and thus we see real estate properties like Flats, Apartments, Service
apartments, Bungalows, Villas in each of these areas. The growth prospects look
brighter with the completion of GIFT CITY, Metro Trains and further growth of
infrastructure in these areas. So if you are looking to invest in Ahmedabad, it
makes intelligent choice to invest around the Ahmedabad to Gandhinagar belt.
Conclusion:
So
if you want extraordinary returns in real estate in near future then Ahmedabad
is an exciting investment destination. Now is the right time to invest in
Ahmedabad property market so you can reap rich benefits when the major projects
of city like GIFT CITY, Metro trains and Ahmedabad River-front start
full-throttle.
