With the coming of Tata Motor and their NANO small car project the price of realty has increased in and around Sanand area. Builders are competing amongst each other just to get a large area of land so that they can build residential properties on Nano Road. The name was given with the launch of the Nano car project by the Tatas. The land price per acre in Sanand has nearly doubled in the past couple of years.
The economic slump around the globe has however, not affected the real estate market in Ahmedabad and many residential properties in Sanand are coming up. The Meadow bungalow in Ahmedabad is once such residential accommodation that is being built by the residential property developer Pacifica Company. This property is about 8 kms from Gandhinagar, the capital of Gujarat. Real estate developers are not only concentrating on residential project only but commercial ones too. Property developers in Ahmedabad are glad that the Nano Project has come to Gujarat as it has given them new prospects and they are busy developing new ideas for future development around Nano Road.
The major investors in vibrant Gujarat are the non-resident Indians who are looking for ready residential accommodation in Ahmedabad or a piece of land to build their home on. In the present market, people are lining up just to buy a piece of attractive land for building luxurious bungalows on Nano Road. In addition to the Tata project, the declaration of Ahmedabad as a mega city by the state government and with the excellent infrastructure being provided by them has led new township projects to come up in the city. The government of Gujarat is positive that the area along the Nano Road is the opportunity of further residential and commercial developments and hence residential developers in Ahmedabad are leaving no stone unturned to acquire a piece of land. The idea to widen the roads to an eight lane highway and the metro rail project stretching from Vasna to Gandhinagar to connect Sanand will only increase the demand for land and residential schemes on Nano road.