Ahmedabad, former capital of Gujarat, is the fifth largest city and seventh largest metropolitan area in India. It is located on the banks of Sabarmati River. The city of Ahmedabad has a flourishing textile industry, and is sometimes called the Manchester of the East. The Times of India chose Ahmedabad as the best city to live in India, in the year 2012. The city is beautifully planned and has a lot of free land. With constant growth in trade & commerce and the establishment of various industries, colleges and firms in the city, Ahmedabad Properties are generating huge demand in the country’s Real Estate Market.
The National Housing Bank Index of the Reserve Bank of India, commonly known as, the NHB Residex demonstrates a price hike in the Real Estate Market of Ahmedabad, by 3.5% in the past six months. Genuine housing projects with equipped amenities have facilitated the Real Estate sector of this city. With multifold infrastructural developments in every sector, the Real Estate Sector of Ahmedabad is booming.
Some of the best localities to invest in Ahmedabad include Ashram Road, CG Road, Navrangapura, Chandkhede, Motera, Ghodasar, Isanpur, Hansol ,Naroda, Bodakdev, Makarba, etc. The western part of the city is posh; it includes areas like Ambli, Bopal, Solagam, Thaltej, Shilaj Road, Vastrapur, Ambawadi, Prahaladnagar, Bodakdev and Jodhpur. Those in pursuit of lavish, spacious homes must scan these areas out, and this should be done quickly for prices may escalate sharply very soon.
Ahmedabad is attracting investments not only from India but from foreign countries as well. The capital value for the real estate in Ahmedabad in terms of the residential properties is easily affordable unlike other tier II cities in the country. The presence of the superior infrastructural facilities and strategic location of residential properties drive investors towards Real Estate Market in Ahmedabad. Numerous upcoming integrated township projects across the city as well as the suburban areas ensure the continuity in the boom of the Real Estate Market in Ahmedabad. Healthy economic growth and infrastructural urbanization have contributed to position the city of Ahmedabad as one of the major realty destinations.