Why You Should Consider Real Estate Investment in Ahmedabad? Admin Oct 17, 2019 Share Facebook Twitter LinkedIn Email Share... Choosing the correct location is of the utmost importance when you plan to invest in the real estate sector. Amongst the few leading cities in India, Ahmedabad in Gujarat is considered as the perfect location to invest in real estate because of the gradual change in the realty market and an exponential rise in the industrial sector with renowned automobile companies establishing their base in Ahmedabad. Ahmedabad is well connected to all the major parts of India and is also located near Mumbai, which is the country's commercial and economic capital. The main advantage of this city is that it is a trading hub for major businesses with historical presence and diverse community. Ahmedabad is now turning to be the new preferred location for homebuyers for real estate investment and is also known for multiple industries including textile, pharmaceuticals, chemical, IT, automobile and many other multinational companies. With the assistance of many activities, for example, trade, correspondence, and development, Ahmedabad holds the position as the tertiary segment in the Indian financial system. Rising quickly as a modern and monetary goliath, the city was selected as the fastest developing urban communities of the decade and later regarded with the title of the best city to live in by an authenticate survey. Chosen under the government's keen city activity, Ahmedabad has given its occupants various business openings and has given an impressive lift to the real estate business because of developing occupants in this regularly developing city of chances. Situated on the banks of the lovely Sabarmati River, this city is home to an enormous number of masses and is known to give homes to plenty of people. Considering real estate development, the growth corridors in Ahmedabad are Sarkhej-Gandhinagar Road, Sardar Patel Ring Road, Maninagar, the Inner 132 ft Ring Road and areas like Nirnaynagar and Ranip. Localities like Shahibaug which is in the northern part of the city, Satellite, Prahlad Nagar, Thaltej which is in the western parts of the city, Vastrapur, areas like Chandola Lake and Kankaria which are located in the south eastern parts of the city are the prime residential areas in Ahmedabad. This city has started promising more and more career opportunities, business or job opportunities and peaceful life. With better employment opportunities many people are migrating to this city. With a unique combination of both a modern and traditional vibe, Ahmedabad welcomes everyone to blend in this city nice and make it their own city. Increase in population is thus increasing the demand in the real estate sector. Ahmedabad is continuously growing on the real estate map and is among the top 10 cities to invest, earn and reside. Owing to the above-mentioned reasons many investors and NRIs are attracting towards this city for real estate investment. It is also attracting many new residential projects with excellent infrastructure facilities. Now Ahmedabad has many developing and premium areas with a large number of high-income individuals. Growth factors which are changing the cityscape of Ahmedabad are the development of the residential township, office spaces, flyover, and shopping malls. The city has received 50 percent residential property appreciation over the past few years. Affordable housing segment where the properties are priced in the range of 50-60 lakhs has garnered the maximum traction from homebuyers. Ahmedabad is witnessing an increase in the number of property enquiries and volume sales since the past few years bringing Ahmedabad's realty market on a path to revival. New residential and commercial project launches in the city have witnessed an upsurge with a significant increase in property prices. Infrastructure enhancement and commercial development are helping the residential market to revive. Both demand and supply of real estate properties have reported a marginal increase in the last few years. Ahmedabad Municipal Corporation has got approval for the proposed road repair project which might positively impact real estate prices along the longer run in the future. This project is expected to improve the connectivity within the city and ease traffic congestion to a greater extent. Mumbai-Ahmedabad bullet train project is also going to boost further development in the real estate sector. This project plan will enhance mobility and increase regional economic development in the years to come. Soon an upcoming infrastructure is going to be set-up in the city which will provide 24*7 water supply to the residents of Bopal, Shela, Goghavi, and Manipur. Continuous water supply to the residents of Ahmedabad will propel housing demand in these areas. The rental market also recorded a percentage boom in the average prices. South Bopal reported good percentage growth in its average rentals, accompanied closely with the aid of Vejalpur and Sargasan. Massive industrial expansion, a couple of housing options, aggressive pricing and exceptional connectivity to prominent locales have been a number of the fundamental factors influencing the apartment prices in South Bopal and Vejalpur. Localities which includes Vastral and Amraiwadi also are expected to gain momentum due to the approaching metro within the coming years. Trailing near the back of the pinnacle localities, rental markets in Paldi, Ambawadi, Kudasan, New Ranip, and Vastrapur stated an upward thrust of 7 percent, each in their residential leasing rates. Keeping the demands of real estate investors in mind, various renowned real estate builders in Ahmedabad are launching many projects in the city offering world-class amenities and required facilities. Ahmedabad is the right place to invest in real estate and get good returns.