Articles

Real Estate Ahmedabad market is thriving among the youth

by Jenita Jose Real Estate

Introduction

  • The overall real estate market is flat
  • Considerable demand exists at the micro-level.
  • Several pockets across metros and larger cities witness positive buyer sentiment from time to time.
  • There are online surveys that run on a quarterly basis across the 10 major and emerging cities.
  • These are: Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore, Chennai, Ahmedabad and Kolkata, which captures trends and inputs from about 3000 buyers.
  • According to these quarterly surveys pertaining to the demand for real estate, Ahmedabad is the preferred investment destination among the youth

Why the youth prefer Ahmedabad

  • The state of Gujarat has been attracting a lot of fresh investments for several years
  • Ahmedabad is one of the leading and upcoming smart cities, that is a part of the state of Gujarat.
  • The upcoming infrastructure projects, such as the Ahmedabad-Gandhinagar Metro Link is likely to create a surge in demand for affordable residential properties.
  • The project will further streamline the connectivity and infrastructure across the city
  • This will translate into a sea of newly constructed 3 bhk flats in Ahmedabad.

Business Sentiment

  • According to an article in ETRealty dated 15th September 2018, the smart city has witnessed multiple land dealings which have set the tone.
  • Two particular deals worth over INR 315 crores have changed the game, which will reflect in lifestyle changes among city dwellers.
  • One can expect to see a host of new luxury villas in Ahmedabad.
  • Ahmedabad houses the maximum proportion of self-employed and entrepreneurs (25%).
  • With the country’s pro-start up initiative making strong headways, the city is likely to see a lot of new business start-ups.
  • Ahmedabad is also an investment magnet for several industries, particularly the information technology/information technology enabled services (IT/ITeS) sectors.
  • In light of these positive trends pertaining to real estate, Ahmedabad is on a building spree for commercial real estate as well.
  • The advent of new shops, will create a fleet of new jobs, which will lead to change in lifestyles preferences and with facilities such as the Country Club, Ahmedabad is likely to see drastic change in lifestyles going forward.

Final Thoughts

  • To all the aspiring and youthful real estate investors and home buyers, as an advanced notice, it is highly recommended that you turn on your notifications for 3 bhk flats in Ahmedabad in 2019 and beyond.

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About Jenita Jose Freshman   Real Estate

2 connections, 0 recommendations, 20 honor points.
Joined APSense since, September 21st, 2017, From mumbai, India.

Created on Feb 10th 2019 12:03. Viewed 382 times.

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