Ahmedabad Real Estate: A New Haven For Investing

For all the commercial and residential property investors, Ahmedabad is substantiating to be the ideal city. Thanks to its outstanding infrastructure of the city! In fact, Ahmedabad is one of the seven mega cities that the Centre has declared to invest Rs. 5,500 crores for the development.

Where the office spaces in Ahmedabad have encountered a striking progress with a handsome hike of 20% to 30% in the capital values of commercial properties, the residential properties have shot by 10%-15% on an average. Moreover, Gujarat Institute of Housing and Estate Developers is also showcasing an outstanding curiosity in endorsing Ahmedabad as an investment destination.

What are the areas to invest in? Let’s peep into the highlighted residential as well as commercial localities of Ahmedabad:

·Residential Realty
As per the recent reports, the residential realty market of Ahmedabad has been assessed at about Rs1500 crores per year. In addition to this, it has also been noted that there is an increase of 10%-15% on an average on the residential property prices in Ahmedabad. According to the experts, the property prices of the apartments like SunCity are also expected to climb up by 25%-40%.

All-in-all, the residential property of Ahmedabad especially the ones that are located on the banks of river Sabarmati offer more value for your money in contrast to the other metropolitan places in India. The investors are expected to earn handsome returns on the luxurious 3bhk apartment, 3bhk apartment in Ahmedabad, luxury apartment in Thaltej and luxury apartments in Ahmedabad.

Following are the top residential locations for higher returns:

1. Makarba: Located on the Sarkhej-Gandhinagar Highway, Makarba is the one of the best options for the best ROI. You can own a 2 BHK apartment here for about Rs. 46 lakh. Realty in this location ranges from Rs. 3,358 to Rs. 4,987 per sq. ft.
2. Gota: Gota is a place that is situated at the outskirts of Ahmedabad and hence, the investment here is pocket-friendly as the property is priced between Rs. 2,904 and Rs. 3,667 per sq. ft. Moreover, you can acquire a studio apartment here at just Rs. 22 Lakhs. What is attracting investors here is the awesome connectivity to Ahmedabad. 
3. Chandkheda: Chandkheda is one of the least expensive residential localities in Ahmedabad situated on the north-west of Ahmedabad with outstanding connectivity from SP Ring Road and 132 feet Ring Road, railway lines and bus services. With an amazing ROI, the property price in this area is for about Rs. 3,129 to 5,203 per sq. ft.
4. SG Highway: Located in the outer parts of the city, SG Highway has seen an outstanding upsurge in the residential realty.  The Sarkhej–Gandhinagar Highway smoothly connects the two significant parts of Gujarat namely, Gandhinagar and Ahmedabad. The residential property here falls within the bracket of Rs 3,600 to Rs 4,050 per sq. ft.

·Commercial Realty
The growing invasion of the corporate houses has given a new definition to the real estate market of Ahmedabad. The city is widely acknowledged for its educational institutions and commercial developments. The credit of the same is also owed to the motivating government policies and friendly political atmosphere.

Moreover, it is pegged that Rs 700 crores in total are going to be invested in constructing malls for the next couple of years. A number of prominent retail players such as Shoppers' Stop, Big Bazaar, Star India Bazaar, West Side and Pantaloon; including international brands are eyeing the Ahmedabad market for its retail potential.

Following are the commercial locations for higher returns:

1. Sanand: Widely known as ‘the automobile hub of Gujarat’, Sanand is experiencing a swift growth in the prices of its properties. One of the chief industrial centers, Sanand is a place where top companies like Ford Motors, Tata Motors, and PSA Peugeot Citroën have their manufacturing plants. Reports say that on an average basis, there has been an increase of 2% per sq. the yard in this locality. Property here falls within the bracket of Rs. 5,007 and Rs. 6,846 per sq. yard.
2. Bopal: There has been a tremendous growth in the Bopal on terms of its infrastructure. The bus routes are the best means of transport here with excellent connectivity. In fact, Bopal flaunts its multiplex theatre known as City Gold, which is one of the first urban landmarks fashioned here. The selling price of the commercial shops here is in between Rs 5,700-7,800, as per Q2 2014 figures.
3. Science City: The BRTS route that connects Sarkari Litho Press with Science City has attracted a lot of end users’ and investors’. Thanks to the excellent connectivity as well as the reasonable property prices of this location! To cost of buying a commercial property here ranges in between Rs. 3,740 - 4,420/sq. ft.
4. Satellite: One of the most celebrated places of Ahmedabad; Satellite is a wise choice for commercial investments. With its astounding infrastructural base as well as road network, it has always attracted a good sum of investors. The property prices here in Satellite ranges from Rs. 5,126 to 6,854 per sq. ft.

Ahmedabad is constantly flaunting its realty rise with its rapid urbanization. Ahmedabad has also welcomed many domestic as well as international investors cheering the momentous technological advancements. Ahmedabad is giving a hard-hitting competition to the established and classy metros like Mumbai, Bangalore, and Delhi with its speedy progress and inexpensive property prices.

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