Property Appreciation on Ahmedabad

The real estate trend in Ahmedabad indicates that the property prices will continue to rise at a very alarming rate. Demand for property is unlikely to saturate in this city even in the distant future due to its ever increasing value as a major commercial and industrial hub and contributor to the Indian economy. The strategic locational advantage, superior infrastructural facilities and great potential for development of privately promoted ports are as great a contributor.

Where wide roads have facilitated the movement and in select areas prices have doubled and even tripled with demand exceeding supply. Though residential properties in Ahmedabad are well below the prices prevailing in metros, villas are in good demand and with the requisite infrastructure; investors can be assured of a lucrative yield in the long term. 

The size of the residential market in Gujarat has been estimated at over Rs1500 crores per year Already residential property prices in Ahmedabad have shot by 10%-15% on an average. Property price in SunCity can be expected to go up by 25-40% according to industry experts. 

Similarly, residential apartment prices are increasing and the price bracket could be in a higher range. With the self induced prosperity apart from the IT boom that lead to expansion in the City, the real estate boom is here to stay. The influx of companies, retail chains and IT parks has necessitated frenetic construction even as more real estate is being acquired by developers.

Commercial property development is visible in areas like CG road, SG road, Prahaladnagar, Ambavadi and Navrangpura and is driven by both end users and investors. Many people opting for Ahmedabad with the motive of doing business also look for residential property.