Growth in the residential real estate market of Ahmedabad

Ahmedabad which is located on the banks of Sabarmati River is the largest city and former capital of Gujarat. The city is also popularly known as the seventh largest metropolitan area of India. The city has won accords by many print media structure, and in 2010, it was ranked third by Forbes in the category of fastest growing cities in the last decade and Times of India chose this city as the best city to live in India. These honors have lured the both the developers and buyers to watch out for the trends in the city’s residential market.

Ahmedabad’s real estate sector is in a boom because of the progress in the industrial corridor which has translated into the development of commercial as well as residential establishments. With the presence of reputed companies in IT, textile, pharmaceutical, chemical and other verticals, the city’s rate of development has gained momentum and, as a result, the constructions of the new launches are on an upswing. Apart from the gigantic industrial base, the city also houses reputed educational institutions including IIM, NID, CEPT and much more. These acclaimed institutions have set up a strong base for students and, hence, there is a demand for affordable housing units too. Therefore, the city is providing ample opportunities to both small and medium-sized developers to handsome returns from their investments. Moreover, dazzling surroundings, superior connectivity to all prominent locations and essential utilities and marvelous infrastructure of the city has further favored its residential market, thereby contributing to the appreciation of capital and rental values of residential properties. This hike in property values will place the developers in an opportune position and will encourage them to come up with extraordinary projects which will attract a lot of end users who give weight to innovation along with other niceties and features.

Therefore, if you are a prospective buyer, who is planning to make a purchase in the Ahmedabad’s residential market then try the following projects coming up in Bodakdev, Ahmedabad West

UPCOMING RESIDENTIAL PROJECTS

·         Shreeya Antilia, an upcoming residential development by Shreeya Infrastructure is located in Bodakdev, Ahmedabad West. The project will comprise of spacious 4BHK apartments which will be well-equipped with modern features and best-in-class amenities including CCTV camera security, earthquake resistant, entrance lobby, gated community, video door security, waiting lounge, landscape garden, paved compound, billiards, swimming pool, gym, firefighting systems, intercom, 24/7 water supply, club house, lifts, power back up, car parking, among others. The project is in proximity to viable destinations of the city and is served by various public transit systems. The group has decided to start the possession of the project by April 2017.

 

·         Rajyash Richmond, an upcoming residential development by Rajyash Group and Mehaan Infrastructure is located in Bodakdev, Ahmedabad West. The project offers skillfully designed 5 BHK apartments which will be available in an exclusive price range of Rs. 3.19-3.33 crore. The project is well-versed with modern facilities and ultra-modern amenities including bus shelter, CCTV camera security, entrance lobby, property staff, waiting lounge, Wi-Fi connectivity, library, landscape garden, senior citizen sitout, theatre, children’s play area, gym, 24/7 water supply, lifts, power backup, among others. The possession of the project will start by December 2016.

 Author Bio: -

Aakanksha Pasricha writes for 99acres.com. She has been writing for the real estate developments happening in different parts of India. When she isn’t writing she browses around the high streets as she definitely has an eye for details.