Booming Property Market in Ahmedabad

Ahmedabad is the fifth largest metro city of India and is popularly known as the Manchester of the East'

. It is prominent as commercial capital of not only the state of Gujarat but of the entire western India as well. The real estate in Ahmedabad is going through large scale constructions and attaining maximum exposure in the process. Already among the most popular cities of the country, it now ranks in the list of most sought after realty destinations.

Ahmedabad real estate is at such a high currently that it is attracting developers even from outside the city like renowned builders from Pune, Mumbai and other places. Some of them are Godrej Properties, Hiranandani Builders and Ajmera Group even as new companies foray into the property market of the city. Besides developers from across the country showing interest in city's realty, investors are also eager to pump in money in Ahmedabad property. According to a recent survey by ICICI Securities, the largest integrated securities firm; end user demand may be high in Mumbai, Bangalore and Hyderabad but Ahmedabad followed by Pune has the highest investor oriented demand. It also confirmed stability of rental market and is surging up with an average rise of nearly 5% recorded.

The growing population at a rapid pace and entry of migrants to the city has together raised the demand for property. The increased movement of people both professionals and students within the country has led to flourishing of the trend of renting. Rented apartments and offices have become common phenomena boosting the rental values of both residential and commercial properties. Rented real estate in Ahmedabad is also witnessing a boom along with properties for sale taking the whole realty industry to the next level. As a result, various renowned developers of the country are showing interest in developing the property sector of the city. Among the developments are commercial complexes, mega townships, penthouses, bungalows, service apartments, multiplexes, shopping malls, retail outlets and other such structures.

Property in Ahmedabad had been grabbing eyeballs from quite sometime being an ideal investment option. The strategic location advantage, excellent infrastructure, good educational and health facilities, spacious and luxurious properties, affordable land, advanced amenities, tranquil surroundings and other such factors win notice for Ahmedabad realty. With increasing government support, money inflow from NRIs and a popular choice for FDIs (Foreign Direct Investments), the real estate industry is growing by leaps and bounds. The hordes of investors keep flocking the city's property market to make colossal profits as Ahmedabad realty promises huge returns in the coming times. Consequently, the demand for property has gone up creating a supply deficit raising the prices manifold throughout the city.

Real estate experts believe that the vast potential of Ahmedabad property has been rightly tapped by realty builders. The social responsibilities associated with builders of creating quality structures equipped with modern facilities at affordable prices have been realized quite well by them. It is commendable that leaders in property construction are launching projects offering cost effective deals in both residential and commercial sectors. As a result, affordable housing has become a buzzword even as luxury homes continue to grow in numbers not only in Ahmedabad but across the country. The increasing incomes and abilities to spend have led to people asking for a better lifestyle and real estate developers are making sure that they meet this upcoming demand in the best possible way.

Ahmedabad property sector is burgeoning with developments as it comes across as an investor friendly market assuring high returns on investments. If you are looking for a profitable investment options, go ahead and invest money in this city of Gujarat.

Booming Property Market in Ahmedabad

By: Deepika Bansal

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