How Is North-West Ahmedabad For Investment?

Ahmedabad is one of those property markets in India which have shown unprecedented growth in the past owing to infrastructural development and economic boom. Particularly impressive has been the performance of localities in the north-western side of the city, where investors as well as end-users have actively invested. The area’s proximity to the Gujarat International Finance Tech (GIFT) city and the international airport has played a key role in garnering that interest. Along with the growth of residential real estate, investments in commercial setups have also risen. In fact, there are more than a dozen of shopping malls in this region. Sounds promising? Let us assist you in finding out more about this location.

Top locations: Localities such as Chandkheda, Motera, Ranip, Gota, Sabarmati in north, and Bodakdev, Bopal, Jodhpur, Makarba, Prahladnagar, Satellite, Thaltej, Vastrapur, Vejalpur in west are major attraction for homebuyers in the city. These areas enjoy connectivity with the SG Highway, and the government’s plan to increase its width for converting it into a six-land is expected to be a positive influence on property prices.  While Bopal and Shilak are among the fast-emerging corridors for residential real estate development, the ring road has also been a major contributor in the growth of these areas.

Options:  According to proptiger.com data, there are around 570 under-construction projects in the city with over 1,500 ready-to-move-in projects. Also, around 2,200 units were launched while 5,000 units were sold in the past one year in north and west Ahmedabad. In fact, localities along the SG Highway alone recorded sale of 1,300 units in last one year. Currently, over 15,000 units in the north-west region of Ahmedabad are available for sale. At an average Rs 3,000 per square foot, rates of property in these localities are much lower as when compared to other prominent areas.