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Ahmedabad Real Estate News

According to a real estate report, Gujarat has been making tremendous progress in the real estate sector since last few years. The vibrant state of India has witnessed several innovative changes and advancements in its property developments which have completely changed face of its real estate outlook. With the initiatives taken by Government today Gujarat has got the best infrastructure facilities which have in turn contributed to enhancement of the real estate segment in the state. Ahmedabad, which is the leading city of Gujarat, has been taken up by this wave of real estate advancements in the state. Today Ahmedabad is one of the prime destinations for real estate investments in Gujarat. There are high-end transport and infrastructure facilities, industrial and commercial developments, plenty of job and business opportunities for employment seekers and all in all rapid real estate developments which have been taking place with efforts of real estate developers in the city who have launched their establishments in the city knowing the scope of its real estate growth.  

A recent Ahmedabad real estate report shows a significant rise in the property prices in the city. According to this report real estate prices across various areas of Ahmedabad have been doubled in the past two years. This can very well be understood from the fact that a flat that used to cost Rs 50 lakh two years back is now priced at Rs 1 crore in a prime location in the city. The prime zones of the city which include areas like Prahladnagar, Satellite, SG Highway, Thaltej, Ramdev Nagar, Maninagar, Gurukul, Paldi and Vasna are primary targets of this price rise. All these are the booming areas of the city which are well-connected with all the necessary civic amenities like schools, banks, hospitals, shopping malls, commercial zones and recreational centres. These areas have good transit facilities like AMTS, BRTS and advanced infrastructure which creates demand for the properties here. The rise in property demand is the primary reason that contributes to the property price hike in these areas. The upward trend in property prices has attracted large number of prospective buyers to invest in real estate in these rapidly advancing locations which have now become the prime real destinations in the city. Investors analyze the benefits of investing in booming areas and therefore are willing to invest in these areas though a bit costly. Therefore the areas have become prime destinations for property development in Ahmedabad and have caught the attention of several prominent real estate developers in the city who are now concentrating their activities in these regions. For example Godrej Group, Godrej Properties Limited has achieved thorough success with their new residential project Godrej garden city located at Off S.G Highway. The builder has recently completed Godrej city Ahmedabad phase 3 and phase 4 constructions and is now planning to come up with the fifth phase of project with extra features and specifications to attract the property buyers. Yet another luxurious residential project which has been major attraction for the property buyers for quite some time from now is the Meadows at Gokuldham project developed by Pacifica Companies. This is lavish residential property in Ahmedabad is designed by renowned architect Kamal Mangaldas to offer a blend of countryside ambience and fulfilling lifestyle to its inhabitants at the city’s most eagerly anticipated residential area, Gokuldham which is easily accessible from S.G Highway and is within the vicinity of South Bopal. This is hot property for real estate investment in Ahmedabad at present.

However for those looking to buy home at affordable prices in Ahmedabad, areas in the eastern part of the city like Naroda, Narol, Bapunagar offer good opportunities. These are developing areas with good real estate development scope in the future. The property developers have very well understood this fact and therefore have started basing their constructions in this part of the city to earn assured profits in the coming time.

Today real estate Ahmedabad is flourishing with all kinds of real estate developments including residential, commercial and retail developments. There are properties available in best of modern specifications and luxuries and also those which are affordable. There are lavish independent bungalows and villas and budget homes like apartments, flats, row houses etc. Therefore there is no doubt that Ahmedabad real estate today is now in a state where it can support every kind of property requirement of diverse property buyers.
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