The eastern bank of the river houses the old city with packed bazaars, the main railway stations and numerous temples. The western region is dotted with educational institutions, well planned residential areas and shopping malls with multiplexes around Ashram Road, C. G Road and S. G Highway.
Ahmedabad is now growing on the real estate map, slowly and steadily. It is among the top ten cities to reside, invest and earn. This is the reason investors and NRIs are attracting towards the city. The city is among India’s fastest growing cities for years and has excellent infrastructure facilities, which is attracting many real estate projects here.
As the real estate scenario in Ahmedabad is quite impressive and the prices are likely to increase in the future, it is always beneficial to buy property in Ahmedabad. The growth of Ahmedabad in the past few years has tempted many investors to buy flats in Ahmedabad. Whether you want to buy a 2BHK, 3BHK flat in Ahmedabad totally depends on your family size and budget both. The price of a flat in Ahmedabad totally depends on its location. Thus, you need to select the location which depends on your budget.
The development of residential townships, malls, office spaces and flyovers are some of the growth simulators changing the cityscape of Ahmedabad. Maximum activities in terms of planned residential, commercial and retail development can be witnessed in this western micro market of Ahmedabad. The ares like Sabarmati, Ashram Road, C. G Road, CTM, Naroda, Stellite and Thaltej have huge potential for residential developments.
Discounted Flats, is still the preferred medium and huge demand for affordable houses witnessed in Ahmedabad. In Ahmedabad it is surprising to note that the people across business lines also serve as real estate agents in order to encase on the prevailing real estate scenario. It was also observed that there is no lock in period for the investor and he could sell the apartment at any point of time. Ahmedabad and Vadodra are among the most preferred destination for real estate investing in Gujrat.
Though the city is flourishing with luxurious project the property prices are affordable compared to other major cities like Mumbai, Banglore and Delhi. Hence investors and NRIs are looking at Ahmedabad for investing in properties and as it is rapidly developing into realty city they can presume good returns on investment in the near future, resulting in an increase in NRIs investment in the city.
The upcoming metro belt will pass through the main city of Ahmedabad to the hub of IT and electronics industry (Gandhinagar). Prior to the announcement of the metro, these areas had a sizeable demand for housing, but with the coming of the metro, the area is expected to witness more development and investments. Both buyers and investors have ample reasons to invest in Ahmedabad, with the new metro line set to bring enhanced connectivity and might work as an added reason for investment.
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