Ahmedabad enjoying realty boom

Ahmedabad has proved itself to be a supreme place as far as realty development is concerned. In a very short span of time, the city is standing at par with the other metros, while once it was yet considered under the list of under-developing zones.

One of the prime reasons for this is that the city itself possesses an excellent infrastructure with welldeveloped roads, broad flyovers along with all basic amenities of cleanliness, transport and drainage. In recent times, the city has become an investment hub and one of the best things is that the growth in all areas is simultaneous and even.

When all the sectors of the city are developing, even the eastern Ahmedabad is progressing fairly well. The Sabarmati Riverfront project has boosted the growth of the eastern city by all means. This developing area will earn good appreciation value and will make the entire stretch publicly accessible. Due to this, the eastern part of the city will be thriving with new public and private infrastructure, recreational parks and commercial offices. The eastern part of the city especially the Ashram Road now hosts vibrant new spaces for residence, hotel and recreational services and commercial usages.

Ahmedabad has high affluence and several prominent realty players are taking keen interest to invest here. All the areas of the city present excellent prospects for growth. The construction activities and new real estate plans have elevated the property rates in the city. Ahmedabad is looked upon as an ideal location for property investments, with an excellent share in the appreciation value. Areas like CG Road and Law Garden are zooming with new construction activities.

Ahmedabad’s growth curve is even in all directions and with a balanced demand to supply ratio, it is likely to continue for the coming years. Along with the western side like Bodakdev, Satellite and Jodhpur, the old city area is likely to gain popularity in the commercial sector. Commercial property development is surely taking place in areas like new Maninagar, Navrangpura, Naroda and Chandkheda. The strategic location and highend infrastructural amenities have promoted these areas for business and office utilisation.

Needless to say that Ahmedabad is a current rising star in the realty segment. The city is witnessing many new ventures and is serving a decent investment option, for all the areas including the eastern and southern suburbs are booming with realty growth.

Source: The Times of India, Ahmedabad