Ahmedabad Realty Witnesses Huge Growth

in Past Decade
The Lok Sabha (LS) elections are heating
up. One of the most discussed topics
currently is the Gujarat odel!" #hich
includes gro#th in infrastructure o$er the
last %& years in the state of Gujarat.
Gro#th in real estate across important
cities such as 'hmedabad and Surat can be
considered as a result of this gro#th in
infrastructure.
The 'hmedabad real estate market has
#itnessed huge gro#th in the last t#o to three years and is e(pected to gro#
further post elections.
Ahmedabad realty market overview
'hmedabad is the hub of the te(tile" pharmaceutical and chemical
industries. The real estate market is dri$en by demand from these sectors as
#ell as other sectors. )Out of the total sales in 'hmedabad" about *& per
cent is dri$en by end+users and the remaining by in$estors. ,n the last -+.
months decent sales ha$e happened by the end+users but in$estors ha$e
taken a backseat. ,n$estors are #aiting for elections to get o$er and then
analyse and enter the market"/ states 0rakash 1a$adiya of 0rime 0roperty
Ser$ices" one of the leading realtors in 'hmedabad.
The prime residential areas in the city are Shahibaug in the northern part of
the city" Satellite" 1odakde$" 2astrapur"0rahlad 3agar" Sarkhej+Gandhinagar
4igh#ay" Thaltej (in the #estern part of the city)" aninagar and areas
around 5ankaria and 6handola Lake in the south eastern parts of the city and
'shram 7oad in the central part. The areas currently commanding the
highest demand for residential space are South 1opal" 1odakde$" 2astrapur"
3icol" 3a$a 3aroda and 3e# 7anip. )There is high scope for appreciation in
property $alues particularly to#ards the outskirts. One can easily e(pect
%.+8& per cent price rise in the ne(t %+8 years"/ con9rms 1a$adiya.
:lats" apartments" ser$iced apartments" bungalo#s" penthouses and
to#nship properties are cropping up all o$er to meet the demand. 1opal"
Ghuma and Shela are ; localities #here leading builders currently ha$e large
land parcels. Once elections are o$er they #ill look to launch their projects.
The areas #ill see huge de$elopment in the ne(t one year as it is also
supported by '<='. Sabarmati 7i$er :ront =e$elopment 0rojects has re$i$ed
realty market in areas like 'shram 7oad" 2adaj and 0aldi.
Ahmedabad realty price trends
'ccording to 1a$adiya" ),n the last -+* months" the property market in the
city has been more or less stagnant o#ing to the elections. =e$elopers ha$e
not launched many ne# projects and sales ha$e not been as good as
pre$ious >uarters. 1ut" it is projected that once elections are o$er" there #ill
be a de9nite increase in sales./
There is a huge unsold ready+to+occupy in$entory in 'hmedabad. =ue to this
reason" de$elopers had to cut do#n prices by almost 8. per cent in se$eral
localities. )0rices ha$e been more or less stagnant in the last .+* months
o#ing to the elections. 1ut it is likely to appreciate post elections"/ he adds.
The market in the city has gro#n tremendously o$er the past decade due to
ultra+progressi$e policies and intelligent de$elopment go$ernance. The city is
pro$iding e(traordinary and unprecedented returns on the real estate front"
and is one of the most e(citing in$estment destinations in ,ndia today.
7esidential property appreciation in the city has been to the tune of .& per
cent o$er the last three years. ?(perts belie$e that there #ill be a consistent
%&+%. per cent gro#th in property rates across all sectors in 'hmedabad. The
e(act rate in certain locations #ill depend on the incidence of market dri$ers
there. ,t is also belie$ed that if people buy properties currently then they are
likely to bene9t a lot" pro$ided they ha$e a holding capacity of 8+; years.
They #ill see appreciation of at least 8&+8. per cent in the ne(t 8 years.
Developers and projects in Ahmedabad
Some of the key de$elopers include 1 Safal" Goyal @ 6o." Signature Group"
=e$ Group" Sa$$y Group" 'dani" Godrej amongst others. Some of the big
projects include Godrej Garden 6ity" 'dani 0ratham" 'cme 'ditya Greens"
7ichmond Grand" 0arsh#anath etrocity" Safal 0arisar ,," ,ndiabulls 6entrum
and =e$ 0aradise.

SourceA 6ommon:loor.com
:or Latest <pdates on 7eal ?state <pdates" 0roperty 3e#s and 6ities
,nfrastructure =e$elopments 2isitA httpABB###.commonCoor.comBguide
6opyright D 8&&E+%- 6ommon:loor.com. 'll rights reser$ed.