Real Estate developments Ahmedabad

Ahmedabad is proving to be an ideal city for acquiring residential and commercial property due to excellent infrastructure that the city has and the kind of facilities it offers. The Center's announcement that it will invest Rs. 5,500 crores across seven mega cities in the country of which Ahmedabad is a major development. Gujarat Institute of Housing and Estate Developers has shown keen interest in promoting Ahmedabad as an investment destination.

Ahmedabad has high affluence and several real estate developers in Ahmedabad, brands and organizations are setting their sights on them. There is a strong sentiment for real estate investments; Ahmedabad presents excellent prospects for growth.

Since the declaration of Ahmedabad as a mega city in the last Union Budget the real estate activity has gained momentum. The recent real estate trend in Ahmedabad is inclined towards residential, commercial including retail activities. With 80 per cent of the urban population of Gujarat, housing large corporates and state and district level public offices, Ahmedabad has been ranked the seventh highest in Market Potential Value (MPV) among all the 784 cities in India.

The western parts of the city are thriving areas for residential properties in Ahmedabad. The integrated townships are the norm; major players like Sahara Group, Adani Group to name a few are launching them. The one being developed by Sahara will house a shopping mall, multiplex, hospital, post office and a petrol pump.

Areas in Ahmedabad which have seen improvements in roads and public transportation and other infrastructure are coveted areas for real estate activity. Bungalows and apartments are coming up on the new four-lane road developed from SG Road to the new Sardar Patel Ring Road. The high-end residential properties in Ahmedabad are investor-driven.

All of these developments bode well for real estate investing and selling, buying and leasing. Ahmedabad real estate scene is open to trying out new models including mixed use developments and service apartments. The total investment in malls over the next couple of years is pegged at Rs 700 crores.

A number of retail players like Star India Bazaar, Big Bazaar, Shoppers' Stop, Pantaloon and West Side; including international brands are eyeing the Ahmedabad market for its retail potential. 

Ahmedabad offers great infrastructural base and excellent opportunities for commercial purposes.