Invest on Real Estate in Ahmedabad
Ahmedabad is the capital city of Gujarat. The trend of real estate in Ahmedabad is quite a bit slow but there is a steady transformation that is being realized in the modern cityscapes, swank apartments and retail malls. Most of the people in Ahmedabad are of professional and business class with a good taste. For this reason the real estate developers, retail brands and organizations seek to address this region for investment. Almost 80 percent of the states urban population resides at Ahmedabad and hence, it is a best location for all the corporate entities to invest.
Ahmedabad is best for its mega city status and one can measure the quality in terms of healthcare, cuisines and shopping malls. There are many up market locations that offer luxurious life at a competitive rate. Many up coming urban projects are started at Ahmedabad as Sabarmati riverfront development project, Sardar sarovar project with an aim to develop the infrastructure, public amenities, land development, to increase water supply, electricity and communications.
Almost all the banking organizations as ICICI, HDFC, ING Vysya, IDBI, Karor Vysya bank, Axis, UCO bank, Bank of Baroda, Bank of India and SBI started their operations at Ahmedabad with a view to provide their extensive banking and housing financial services.
More on Residential Real Estate Developers
A huge number of IT outsourcing companies and business process outsourcing units including Microsoft and TCS started their respective infotech’s in Ahmedabad. Also some Multi National Companies are leading their way to invest in and around Ahmedabad. Recently, NANO a car factory of TATA group was started at Sanand a place just 30-35 kilometers away from Ahmedabad.
Recently GIFT (Gujarat International Finance Tech-City) started a mega project with 17 high rise commercial buildings, 80 storied tower named “Diamond Tower” and an artificial island. This includes residential townships, express ways and a dedicated power supply. This mega project is covering 500 acres of land area and it will be a Global Financial Services Hub.
For all this reasons it may be cleared that there is a huge employment opportunity in Ahmedabad.
The real estate value in and around Ahmedabad is increasing day by day along with the city developments. But the value of residential properties is a bit low when compared to other metropolitan cities in India.
- It is a stroke of luck to invest in Ahmedabad because of:
- It is an ideal place for business and private enterprises.
- Fastest development of the city including roads, infrastructure.
- Great boom for IT sectors.
- Best institutes like Indian Institute of Management and National Institute of Design are located at Ahmedabad.
- 80 percent of states urban population resides at Ahmedabad.
- Ideal region for industries as textile, petro chemicals, pharmaceuticals, engineering and many other industries.
- Easy access to major metropolitan cities like Mumbai and Delhi.
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