In this age of real estate prosperity, let us look at the residential real estate sector of Ahmedabad.
Ahmedabad is transforming by leaps and bounds with new projects, malls, flyovers etc. changing the face of the city. Private players like Adani Realty are those who are dominating the market, which is also fuelled by an enthusiastic investor base.
Shortage of land in central Ahmedabad has doubled property prices in this locality over the years, with the most sought after properties being the ones on C.G. Road. C.G. Road is a preferred residential destination as it is the heart of the city, with a good proportion of commercial and retail zones. Shahibaug in the eastern side is the preferred residential locality of upper and upper middle class groups.
Developments along the Sabarmati and many new residential projects have contributed to boost property values in residential areas of North Ahmedabad like Sabarmati and New Wadaj. Gandhinagar’s developing IT and commercial sectors have led to boosted property values in areas of North Ahmedabad like Chandkheda and Motera. Shortage of land coupled with proximity to the Ahmedabad-Vadodara Highway has led to increased property values in South Ahmedabad. S.G. Highway is witnessing a boom with many new residential and commercial projects.
A trend that seems to be catching on is the popularity of townships. Many large townships have come up in Ahmedabad, like Godrej Garden City by Godrej Properties, Applewoods by the Sandesh Group etc. Especially notable among these is Shantigram by Adani Realty. Spread over 600 acres, Shantigram is Gujarat’s largest integrated township, which not only comes with the assurance of quality of a reputed name in real estate development like Adani Realty, but is also setting new standards in environmental friendly design, social responsibility etc.
Ahmedabad’s residential real estate sector is in a state of steady growth – with the partnership of the government with responsible and quality developers, things will only get much better.