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Ahmedabad, the largest city of Gujarat, is an important trade center that offers huge commercial potential. The seventh largest city in India, it is well connected to other important cities of the country. In wake of the escalation in property investments, real estate in Ahmedabad is currently experiencing tremendous growth.
The demand for realty in India has been rising immensely from last five years. Not only are the natives coming forward to buy property in India but also the foreigners and NRIs. It is bustling with real estate activities these days and Ahmedabad is among the upcoming property destinations of the nation. It is recognized as the one of the rapidly developing tier-II cities witnessing steep rise in property developments and their values both rental and capital. Real estate in Ahmedabad is slated for an overall growth i.e. across residential, commercial and retail segments in coming years.
Property in Ahmedabad is selling like hotcakes being a fast growing economy that assures huge profits. Various residential and commercial projects have been launched in the city by leading property developers in past few years fuelling up the realty rates. The skyline of the city is gradually transforming while endowing it with a new global identity. Real estate in Ahmedabad is now flooded with shopping malls, multiplexes, commercial complexes, SEZs, technology parks, residential suburbs and other such things. Such large scale developments have increased the overall living standards of the city, thus, attracting more and more property investors to pump in money in Ahmedabad property sector.
One of the chief reasons for emergence of Ahmedabad as a property destination is that it ranks among the most educated and richest cities in India. The value of commercial property in Ahmedabad is given a major boost by its proximity to the diamond hub, Surat and the state capital, Gandhinagar. This segment particularly has excellent prospects for growth and appreciation, in areas like office space, retailing, hospitality, finance industry and others. Following in the steps of BPO hubs like Pune and Bangalore, real estate in Ahmedabad is suggesting a huge demand for office spaces from BPOs and MNCs. The cheaper land prices as compared to metros also attributes to the great pace of property development and investment in the city of Ahmedabad. Other reasons like excellent infrastructure and government’s support in promoting it as a lucrative investment destination are also propelling the need for developing Ahmedabad real estate market.
The residential sector being at its best today, is no less in Ahmedabad as it promises huge benefits in coming times. The housing sector of the city offers luxurious lifestyle, marvelous architectural designs, equipped with all modern amenities like 24 hour power backup, water supplies, security and other such facilities. Pollution free environs enveloped in greenery make Ahmedabad residential property a favorite with buyers and investors. Some of the well known local and national builders such as DLF, K.Raheja Corp., N.G Developers, Navratna, BGP Builders, Saumya Constructions, etc. are catering to the need of quality residential apartments in the city. They have also laid out plans to construct retail malls and luxury hotels to cashing in on the deep pockets of the population and the prevalent surge in property prices.
The most favorable part of Ahmedabad real estate is that globe-trotting Gujaratis i.e. NRIs are investing huge capital in the sector. This has resulted in an alarming increase in property prices in all housing, commercial and retail areas. With improvements in infrastructure, realty values in the city are already observing an upward trend while new construction activities are expected to zoom it further.
Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property and browse through Ahmedabad property and other Properties.
Gujarat has recently experienced tremendous growth in different sectors including real estate. Rapid industrialization of the state has assisted development of various properties in different cities.
The demand for commercial realty and office buildings in Gujarat is increasing by leaps and bounds. Major cities like Ahmedabad, Gandhinagar, Vadodara, Surat, Rajkot etc. are witnessing all-round growth in the property market.
Reasonable land prices, skilled workforce and supporting infrastructure have led to all sorts of construction activities including commercial buildings in Gujarat.
Pacifica is a leading property development company involved in the development of high quality real estate projects such as IT parks, townships, hotel and residential, commercial properties in Gujarat andthroughout India.
Many special economic zones (SEZs) have been planned in and around Ahmedabad and Gandhinagar due to the development of small and medium enterprises involving IT/BPO companies and various other segments.
Most of the business and trade parks are situated outside the urban limits of the city; resulting in advantages such as lower lease rates, inexpensive parking and affordable office space. Currently, office premises in Gujarat especially in IT parks offer facilities like workspace, internet, telecom and basic infrastructure of global standards.
Also, business centres at prominent commercial locations in major cities of Gujarat have incorporated the concept of ready to work units in new office buildings in Ahmedabad with ultramodern amenities at competitive prices.
The government is consistently providing various incentives and better infrastructure to attract investment from all major industries. Hence, Gujarat is still one of the favorite destinations for real estate investment in India.
Pacifica companies is a real estate property with the head office in Ahmedabad and company includes Residential Property, Hotels, Office Buildings.SEO services provided by Jigney Bhachech, CEO Opal Infotech, India.