Healthy Appreciation in the capital values of Ahmedabad Real Estate

Place : Ahmedabad, Gujarat, India

Types : Real Estate, Property, Properties

Keywords : property in ahmedabad, nirma university ahmedabad, 2 bhk in ahmedabad, properties in ahmedabad, builders in ahmedabad, real estate ahmedabad

The realty market of the city Ahmedabad thus seem to indolent in the recent past and is thus now moving rapidly towards the growth path due to the massive infrastructural development. This city is now been driven by the end users. Though the sales have been sluggish but the number of the visitors thus seem to show a huge demand.

The city of Ahmedabad seems to be significantly witnessing the steady growth rate in the realty sector. It has thus successfully emerged from the trading destination to the realty hub. The Prakash Jain of the jain associates stated that the residential sector over here thus seem to experience a healthy demand as well as the supply across the city. As a result both the resale as well as the new property segment are thus registering a fair amount of the transactions having an average value appreciation of nearly 10-12% during the past 8 - 10 months. While it is well known that the developing retail as well as the industrial sector in this city are the key economic driver of the realty market. During the past couple of years, the residential sector of Ahmedabad is thus witnessing a significant hike of over 50% during the past couple of years. Bodakdev, South Bopal, Vastrapur, Nava Naroda as well as Nicol are some of the areas that seems to have the maximum demand as well as high appreciation in the property values. Over the last four years this city is thus known to have built up approximately 16 million sq ft of the built up residential space, whereas 23 million sq ft currently seems to be under construction and 30 million seem to be proposed in various parts of the city.

The capital values of the apartments over here varies from Rs 4000 to Rs 6000 per sq ft, while the apartments that are available on the outskirts seems to be available in the budget of Rs 2000 to 3500 per sq ft. As a matter of fact this city is thus providing the better accommodation facilities thus

satisfying the need of each and every customers. The realty market being driven by the end users is thus known to have the massive growth. Hence, it is thus attracting number of the individuals from all across the countries to own the property and get settle over here. It is thus known to be the major hot spot destination for all the major IT companies. The proposed infrastructure projects will thus enhance the connectivity manifold. As a result this city realty graph is thus seem to show an upward trend and hence seems to get continues in the near future.

The real estate Ahmedabad is thus seeking the sign of the revival thereby following the recently concluded Gujarat assembly elections.The Sarkhej-Gandhinagar Highway is known to offer multiple options in terms of both the residential as well as the commercial segments. It seems to be noticeably popular among both the property buyers as well as the sellers. Several new projects are thus scheduled especially for the possession in the next one year. According to the recently calculated data this region thus accounts for 33% of the total new launches in the city. Both from the buyers as well as the developers, it is seen to have an overwhelming demand for the Property in Ahmedabad. According to the Rakesh Sheth, the chairman of the Pushparaj Group thus stated that this city is thus having a massive growth in the suburbs rather than in the main city. The returns on investment basically depends on the location as well as the type of property you are buying.

In order to earn the maximum ROI the real estate companies in Hyderabad are thus providing projects in the newer developing areas. The growth potential market in this city thus seem to move towards the western Ahmedabad like Vaishnodevi Circle, ORR, Bopal as well as the SP Ring Road. Vaswani threw a light on the current scenario thus depicting that the currently the market situation seems to be quite stable. The input cost over here thus have been risen beyond 50%. This city thus seems to offer the property in a wide range in order to suit each and every individual. As a matter of fact properties are available from rs 7 lakh to rs 5 crore.

The Author has long experience in Real Estate sector providing the latest information on Nirma University Ahmedabad. For further Information 2 BHK in Ahmedabad log on to www.proptiger.com

For Further Information : http://www.proptiger.com/2bhk-apartments-flats-ahmedabad.php

Author : Gaurav Srivastava