June 17, 2014

About Locality & Projects of SG Highway, Ahmedabad

One of the main traffic arteries of Ahmedabad, ‘SG Road’ or ‘Sarkhej-Gandhinagar Highway’ is located in the North-Western Ahmedabad. It has witnessed unprecedented growth of real estate development over the years. This highway is the growth symbol of this city, which has attracted a number of realty projects. The tallest commercial hub Shapath V (70m height) is located on S.G. Road. This highway forms the major part of NH-8C, which connects Sarkhej with Chiloda near Gandhinagar. Important places in its proximity are ChanakyaPuri, Chandiodia, Chandkheda, Ram Nagar, Thaltej, PRL Colony, and so on.

Projects of SG Highway, Ahmedabad
It is known as the major artery of commerce and public transport, which has witnessed realty boom along its route to Gandhinagar. This area is the hub of entertainment centers and corporate. There are a number of car showrooms like Porsche, BMW, Audi, Nissan, Toyota & Mercedes located on this stretch. Apart from it, several malls, healthcare centers, and educational institutions like Bhagwati Vidyapeeth, SGVP International School, and Nirma University are in its close proximity. Some of the malls at SG Highway are Reliance Mega Mart. Iscon Mega Mall, Big Bazar, Devarc Mall, and Gulmohar Park Mall. These are also some of the growth drivers of real estate along this highway.

Connectivity of the Locality

SG Road or Sarkhej-Gandhinagar Highway is the 24 hours transportation route, where auto rickshaws, shared autos, and buses are the most popular forms of public transport. Apart from it, Ahmedabad Municipal Transport Service (AMTS) is running local bus service on this route for reaching anywhere in the city.

Major roads that are linked to SG Road making it accessible to all close areas include Sardar Patel Ring Road, Gota Road, Science City Road, DhongreMaharaj Road, Ashram Road, Airport Road, etc. In addition to road transportation, Ahmedabad Railway Station is accessible from SG Highway with 13.2 Km distance. And, Ahmedabad Airport is only 14.7 Km from here.

Property availability chart of SG Highway, Ahmedabad

Availability of Residential Units as per Unit Type


 Supply of 3 BHK apartments in SG Highway is 36% of the total supply. Whereas, there is 32% supply of 2 BHK apartments andsupply of more than 3 BHK apartments is 32%.

Availability of Residential Units as per area  



Apartments covering 1000-1500 square feet area have 32% property availability and less than 1000 square feet have 10% property availability in at SG Highway. While, there is 23% property availability of apartments that cover 1500-2000 square feet. Flats spread over more than 2000 square feet have lesser availability that includes 35% availabilityonly.

Availability of Residential Units as per budget




 Above graph gives the authentic information regarding property availability according to the budget of home buyers. Availability of properties ranging between Rs.20 to 50 lac is 29%. Apartments between the ranges of Rs. 50 lac to 100 lac have 29% units. Whereas, there are 29% flats that range from Rs. 10 to 20 lac. In addition, flats less than Rs. 10 lac have only 10% availability.


Price Trend in SG Highway 


2011 (Price range)
Locality
Min
Max
Avg
Q-Q change
SG Highway
2500
6000
4250
8%
 
As compared to the year 2009, SG Highway has witnessed appreciation in property prices in 2010 and 2011. Average residential property price in 2009 was about Rs. 2602 per Sq.ft. which increased by Rs. 2852 per Sq.ft. in 2010 and Rs. 3100Sq.ft in 2011 respectively. The tremendous down in property prices over the past two years is 5 percent.



Major Builders &Projects

Builders
Projects
Size of Project
Shantigram Group
The Meadows
2BHK, 3BHK
Shree Balaji Group
Shree Balaji Status
2BHK, 3BHK, 4BHK
Shree Balaji Group
Shree Wind park
3BHK, 4BHK
Swagat Group
Swagat Flamingo
2BHK, 3BHK
Sheetal Infrastructure Pvt Ltd
Enigma - Fragrance of life
3BHK, 4BHK
  


Category
Names
Restaurant
Amiti's Restaurant, AtithiGokul Club & Hotel, Bandhan Garden Restaurant, Bollywood Restaurant
Cafe Coffee Day, Chaat N Fries, Classic Corner, Crazy Noodles, Eatery N Bakery, Excite Bite, Havmor, Hijackk, Hotel The Valentine, Indian Summer, Karma Restaurant, Kathiyawadi Hotel, Madhurya, Oshwal,
Rangat Restaurant,  Riddhi Siddhi Delicious Food, Sankalp Restaurant, Sarbhara, Shambhu Coffee Bar, Shree Krishna Hotel, Side Walk, Splash Coffee Shop, Spring Valley, T.G.B. Multi-cuisine Restaurant, Tropicana
Theater
PVR Cinemas, Red Carpet Cinema, Fun Cinemas
Schools
Sarvajanik High School , JagrutiKanyaVidhyalay, SarvajanikMadhyamikShala, Gulshan-E-Maher English Primary School , Euro Kids, Kidzee, Lotus School, Anjuman Islam High School, Mahatma Gandhi International High School, ShardaShishuVihar
College
LJ Institute of Engineering & Technology, Narayana Business School, IICR, Dr. BabasahebAmbedkar Open University
Malls
Reliance Mega Mart. Iscon Mega Mall, Big Bazar, Devarc Mall, Gulmohar Park Mall,
Hospital
ShalbyOrthopaedic Hospital & Research Centre, Shree Hari Clinic, Shree Nidhi Maternity Hospital,  Shwet Dental Clinic



Return on investment at SG Highway

  

The above chart depicts the approximate Return on the investment in Real Estate in SG Highwayfor past 8 quarters. At an average for every INR 10 lakhs invested in a property at SG Highwaywill give you a return of INR 10.95 lakhs in 2010 and a return of INR 11.90 lakhs in 2011.

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