Project Of The Week: Savvy Strata, Ahmedabad
Ahmedabad, the largest city of Gujarat, has, in past few years, developed as the industrial hub of the state with growth in sectors including textile, pharmaceutical, and chemicals. With the industrial, economic and infrastructural growth, Ahmedabad has also witnessed an upswing in the real estate sector.
The real estate in Ahmedabad is known for good returns and hence, is a popular investment destination. The real estate market here includes a mix of apartments, plots, penthouses, and bungalows. Understanding the market potential, the city is increasingly being tapped by established as well as new developers.
One such emerging developers is Savvy Infrastructure Pvt Ltd, which will soon launch its residential project called Savvy Strata in Ahmedabad. Located in Makarba, the project will be available for possession to prospective home buyers by December 2017.
Here PropGuide shares more about the project:
The project
With , Infrastructures aims to promote the concept of studio living. The project will offer 300 units of 1BHK and 2BHK apartments. While the super built-up area for 1BHK apartment will be 650 sq ft, the area for 2BHK apartments will be 970 sq ft. The apartments in Savvy Strata will have vitrified flooring covering areas including balcony, kitchen, bedrooms, and living/dining area. The project will lay special focus on modern living using aesthetic designs and modern fittings. The project will also be equipped with necessary amenities needed for a holistic-living experience such as:
Location
Savvy Strata is strategically located near Science City Road and Sardar Patel Ring Road intersection. The nearest landmark is the CIMS Hospital, which is situated at a distance of 1.3 km from the project. Some of the locational advantages are:
Infrastructure & future prospects
Makarba in past one decade has grown tremendously. Located in south-west of Ahmedabad, the area is the new realty hotspot of the city. The residential properties in Makarba are affordable and enjoy good connectivity and infrastructure facilities. The area has some renowned educational institutions such as Cosmos Castle International School, DAV International School, Vidya Mandir, Crescent School, Premier School, among others. It also has healthcare institutions including ManuBhai Hospital, Fatima Ortho Hospital, We Care Clinic, and Navjeevan Hospital. For the shopaholics, the shopping arcades include Alpha one, Palm Plaza, and Ibrahim Mall.
The developer
Savvy Infrastructures Pvt Ltd is an ISO 9001:2008 certified real estate company. With a focus on safe and sustainable construction practices, the company is the first to receive a Credit Rating Information Services of India Limited' (CRISIL) rating in Gujarat. The real estate firm is also coming up with first green building in Gujarat called Shapath V on Sarkhej– Highway (S G Highway) . The other key projects of the developer include Savvy Swaraaj Sports Living on S G Highway, and Sanskaar, Taleti, Bhavnagar, among others.
Price comparison
Savvy Strata is priced at Rs 2,900 per sq ft, which is significantly lower than the average property price in Mabarka, Rs 3,758 per sq ft. Let us also compare Savvy Strata with other two similar projects that are Classic Build Homes and Applewood Estate Residency. The average base selling price (BSP) of Classic Build Homes in Sarkhej is Rs 3,000 per sq ft, whereas the average BSP of Applewood Estate Residency in Bopal is Rs 2,500 per sq ft. Therefore, Savvy Strata is one of the most affordable choices for home buyers as well as investors. Additionally, in past seven months, the project has witnessed a price appreciation of 7.4 per cent.
PropGuide's Verdict
| Parameters | Remarks |
| Builder | Good |
| Locality | Good |
| Project | Good |
| Price | Very good |
Overall recommendation
Makarba has witnessed an upsurge in the past decade and emerged as one of the most sought after residential locality in Ahmedabad. The residential properties here are affordable and will provide higher returns on investment. However, the home buyers will have to wait for possession until December 2017.