Satellite Is The Second Most Preferred Location in Ahmedabad

Satellite has become the second most preferred locality in Ahmedabad for housing after Prahlad Nagar. This is due to its location, infrastructure growth and good social amenities. There are multiple reasons why Satellite has become such a sought-after locality.

Location and accessibility

Satellite is situated between two main highways: Sarkhej-Gandhinagar Highway (SG Highway) and 132 Feet Ring Road. SG Highway is a part of National Highway 8C and connects the area to Mumbai and Delhi. The 132 Ft Ring Road connects the area to other areas of Ahmedabad and the GIDC industrial areas. The Sardar Patel Ring Road is just about 6 km from the area. This ring road too connects the area to other important areas in Ahmedabad and the Odhav Industrial Estate.

There are several AMTS as well as BRTS buses on both the highways that provide accessibility to Satellite. The BRTS buses have significantly improved the accessibility. The Ahmedabad railway station is about 10 km from Satellite and the International Airport is about 15.5 km from the area.

Infrastructure

The area has a very good social infrastructure. There are several popular educational institutions such as Sardar Patel Institute of Public Administration and Ahmedabad International School as well as several training institutes within the proximity. There are a couple of hospitals such as Shalby Hospital and medilink Hospital,  that are close to Satellite. There are several restaurants and eateries in Satellite. The Cinemax and Wide Angle multiplexes are nearby. There are also banks, malls, parks and temples in the area.

Real estate trends

Satellite is an area popular among the middle-income buyers as the area is very much within the affordable range, though it is near the central part of Ahmedabad. The approximate property value in Satellite is about Rs 4300-5,600 per sq. ft. Most of the available configurations are 2 and 3BHK ready to occupy apartments. The approximate covered area of a 2BHK apartment is in the range of 900-1,200 sq. ft. and that of a 3BHK, is between 1,400-2,400 sq. ft. There are a few 4BHK apartments too available of the same dimensions. Some of the active builders. The approximate cost of a 2BHK apartment is about Rs 45-55 lakh while that of a 3BHK apartment is about Rs 80-120 lakh. There are also few high-end 4BHK apartments whose cost may go beyond Rs 2 crore of higher dimensions and available amenities. Property values in Satellite have been on continuous rise for the last 5 years. In the last three years, the average property value went up from Rs 4,300 to Rs 5,300 per sq. ft. marking an increase of 20 to 25 per cent.

The affordability factor of the area while having a very good connectivity and infrastructure has made satellite one of the most sought after places for residential properties in Ahmedabad.

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South Bopal most preferred locality

South Bopal is one of the most preferred locality in Ahmadabad  where capital values range from Rs 2700 to Rs 4000 per sq ft. A 3BHK apartment, having area between 1400 sq ft to 2200 sq ft, is priced between Rs 45 to 80 lakh. You will find a 4BHK apartment having 3200 to 3800 sq ft area in the price range of Rs 1 to 1.5 crore. Price of 3BHK independent house falls between Rs 70 to 80 lakh. Size of such houses here range from 200-250 sq yards. To buy a 4BHK independent house having 285 to 300 sq yards area one must shed Rs 1 to Rs 2 crore. Social infrastructure, such as schools, hospitals, banks, restaurants, malls, etc is present in near to locality. Most of the apartments available in these locality are part of gated communities that give sense of security and privacy to its residents.

Bopal and South Bopal are located some 15 km away from Ahmedabad city while Satellite is situated 7 km away from it. However, connectivity of this area is top notch. While Bopal and South Bopal get connectivity from SP Ring Road and Sanand – Sarkhej Road, Satellite is connected by 132 feet Ring Road and SG Highway. Bus services by Ahmedabad Municipal Transport Services (AMTS) or Bus Rapid Transit System (BRTS) are available. 

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Twin cities of Ahmedabad and Gandhinagar on the rise

Ahmedabad’s property picture is very bright at the moment. The city is dragging its sister city on the same lines of boom, making Gandhinagar as one of the most viable options for property investment in the recent times. Major thrust has been provided to the twin city with the good network of BRTS connecting Ahmedabad and Gandhinagar.

Gandhinagar is taking all the possible steps towards becoming a futuristic city and the property scenario there is very soon going to match with Ahmedabad.

In trend

In Ahmedabad, affordable housing is the trend followed by need for integrated townships. The emerging trend of integrated township projects has also given new dimension to the city’s property picture. Even luxury housing sector is catching up fast. Luxurious housing projects are enjoying a new look trying out different product offerings and this has brought the crowd of investors into the luxury market. NRIs are also heeding the market in large numbers. It would be safe to say that luxury residential projects have stormed into this part of the world despite the slowdown. Yet another concept of weekend homes accompanied with resort and club facilities is growing at a fast pace.

Ahmedabad at its best

There are many factors, which have provided a boost to the real estate industry in Ahmedabad and Gandhinagar. The infrastructural development around the city, upcoming opportunities in major industries and companies and the growth in educational sector have made Ahmedabad one of the most convenient and affordable places to settle. The city has huge potential for future infrastructure development along with commercial development leading to new employment opportunities. In the recent times, commercial property is a very profitable avenue as many foreign companies have set up their sales offices in Ahmedabad and are likely to expand exponentially. Also, leading real estate companies are darting the property market of Ahmedabad for development of residential property. The city’s infrastructure is in its modernisation phase and the completion of major projects has improved the supply of potable water and electricity for the city, thus, making investment in real estate a very profitable option.

Gandhinagar’s glory

Gandhinagar too, has emerged as a place with excellent opportunities in real estate investment. A major commercial hub, the city has transformed significantly over the years by becoming one of the well planned areas in the state. The city has been developed in four phases having beautiful green cover that is attracting builders to develop housing complexes with good potential here. Previously seen as an administrative city, Gandhinagar has already developed as a trade capital of the state and now the residential realty is also growing at a fast pace in the region. Due to this growth of the residential realty, the property prices in Gandhinagar have seen a huge surge in the last few years. However, in contrast to the big cities, which have reached their saturation, the residential and commercial property in Gandhinagar is still affordable. As a result, the properties in Gandhinagar are high on demand among the investors who are looking for assured high returns.

Real estate market in Gandhinagar is growing owing to a number of reasons. The city has good infrastructure to support the building of residential complexes, societies and commercial space. Increasing development of shopping malls is attracting retailers and has spelt out a boon for shoppers. A city-based realtor avers, “Well-organised infrastructure and basic amenities have significantly contributed in the growth of residential property market in Gandhinagar. Even the better transportation system, enhanced infrastructural set-up, improved basic amenities, etc., are a few other reasons for the growth of residential realty in the region.”

With excellent connectivity to Ahmedabad, Anand and Vadodara, the city is attracting all the big and small developers. Educational facilities and opportunities for employment are also improvising so there will be a large number of people shifting here from all parts of India. With so many developments taking place here, the property prices are set to rise for sure. Overall, both the cities are witnessing an unprecedented property hike.

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