Memnagar Could Be Your Pick For High-End Residential Options In Ahmedabad

Till the late 80s, Memnagar had ample land options. But, with the passage of time the locality has witnessed a lot of development. This attracted more population which stimulated the demand for apartments in Memnagar. The locality was quite affordable but a lot has changed. This is mainly because Memnagar is witnessing new infrastructural developments. Also, availability of spacious land allows developers to create bungalows and villas. Some of the other factors responsible for the popularity of Memnagar as a real estate destination for high-end living are:

Well-developed neighbourhood

Memnagar is surrounded by Navrangpura, Satellite, Ghatlodiya, Thaltej, Naranpura, Bodakdev and Gota. This creates a positive picture in the mind of the home buyer. Usually, a good rate of return is expected from a locality that is based in proximity to such popular localities. Also, in the last 48 months, the prices in Memnagar have increased by 16.8 per cent. This has improved buyer sentiment attracting home buyers to Memnagar. Some of the popular localities in Memnagar are Drive-in Road, Swaminarayan Bagh, Gurukul and Subhash Chowk.

Connectivity

Memnagar is well-connected to different regions of the city. The Sardar Vallabhbhai Patel International Airport is based at a distance of 12.8 kilometres via the Airport Road. The Ahmedabad Central Railway Station is at a distance of 9.2 kilometres via Kasturba Gandhi Road. Also, the locality is well-connected by Sarkhej–Gandhinagar Highway and Ahmedabad Municipal Transport Service (AMTS) and other public and private transport options. Moreover, the upcoming metro link for Gandhinagar and Ahmedabad will further boost the demand for apartments in Memnagar.

Liveability in Memnagar 

As per PropTiger's user rating, the locality enjoys a liveability score of 9.6 on the scale of 10. The locality is known for its greenery. Memnagar along with other localities of Ahmedabad is facing problems because of lack of proper solid waste management. But, there is nothing to worry as this problem will be resolved once the door-to-door garbage collection system will be initiaited.  Apart from this, the locality has various malls and multiplexes.

Real estate in Memnagar

Memnagar is one of the popular residential localities in Ahmedabad. The locality is very beautiful as it houses swanky bungalows and villas. This creates demand for apartments in Memnagar. Some of the prominent builders in Memnagar are Shivam Builders Pvt Ltd and Ganesh Housing. There are around 17 projects in the locality.  The average base price in the locality is Rs 5,319 per sq ft. This makes the locality an appropriate choice for those looking at mid to higher segment homes.

 Also Read: Affordable Homes: How Govt Can Make Them Feasible For Developers