The booming residential market in Ahmedabad
In case you are looking for new residential projects in Ahmedabad, this is certainly the best time. If you are looking at getting good investment returns from your property as well, Ahmedabad makes for the best option indeed. The city offers fabulous returns on investments according to several studies and offers scope for future growth unlike several metros in the country which have saturated property markets.
The major reason behind real estate growth in Ahmedabad is its business and industrial prosperity. The manufacturing and industrial sector boom in Ahmedabad has fueled demand for properties and several new companies have set up shop here in sectors like instruments, automobiles and engineering. Several industries and companies have expanded their presence in Ahmedabad. Buoyed by the pace of development here, companies like Ford, Tata, Maruti Suzuki and ONGC are running thriving operations here while many others are set to follow in their footsteps.
There are several industries mushrooming on the city’s outskirts like Changodar and Sanand. Logistics networks are also growing rapidly to support this industrial boom. Areas like Mani Nagar, Motera, Bopal and CG Road have recorded the highest increases in capital values backed by rapid infrastructural development and development of social amenities. Additionally, several NRIs are investing in the Ahmedabad real estate market in the hope of good returns. This has also worked to improve market sentiment considerably indeed. The best places to buy property in Ahmedabad are South Bopal, Satellite and Prahlad Nagar. Chandkheda is another great place to buy residential property. Chandkheda is home to the ONGC office and the Sardar Patel Ring Road and Chandkheda-Gandhinagar Road are major connectivity lifelines here.
Satellite is another major connectivity hotspot in Ahmedabad and has witnessed both residential and commercial development over the years. This is a sought after area and property here is slightly pricier in comparison to many other localities in Ahmedabad. Social amenities and infrastructures are well developed in Satellite as well and this has given rise to further demand.
Gota is also a good place to invest since property prices are quite affordable in this part of town. Gota offers great connectivity to the city and the Sarkhej-Gandhinagar Highway is a major connectivity lifeline here as well. Gota offers immense scope for future appreciation. Makarba is another commercial cum residential hub that lies just 9 kilometres away from Ahmedabad city and offers great residential investment potential.