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Monday, 31 July 2017

Most Popular Locations in Ahmedabad to Buy A House


Of late, Ahmedabad has emerged as one of the prominent cities that offers housing across various segments. The initiatives being taken to convert it into a smart city are expected to further boost its infrastructural as well as real estate potential.
Ahmedabad’s real estate market is mostly end-user driven, where there has been plenty of demand in the affordable housing segment. However, the rising popularity of certain localities reveals a good trend that Ahmedabad residents are increasingly on the lookout for convenient homes, houses that live up to their lifestyle expectations and aren’t very far from their workplaces.
A quick glance at some of the real estate websites reveals that flats in Chandkheda, Thaltej, Gota, New Ranip, Vastrapur, Satellite, Vastral, Bopal, Motera, as well as flats in Shahpur are in good demand, and are counted amongst the popular investment destinations in Ahmedabad. The overall price range of these properties is Rs. 2000 - Rs. 6500 per square feet, depending mostly on the developer and the exact location of the project. The amenities on offer and the age of the property also play a key role.
Regardless of the recent slump in the real estate market, after demonetization, the residential property in Ahmedabad are on the rise again, but majority of them are concentrated on the northern and western parts of the city. Since Ahmedabad’s central business district, Ashram road is mostly saturated, a lot of commercial spaces and offices are being developed in and around the SG Highway. Resultantly, various residential projects have also come up at these places.
Anyone who wishes to buy residential property in Ahmedabad should first start by getting acquainted with all the popular areas of the city. Let’s tell you a bit about few of them:
Satellite - The pricing of the properties here is a good indicator of its popularity among the well-to-do population of the city. You won’t find many affordable homes here, as the majority of the units on offer are 3 BHK or 4 BHK, with prices ranging from Rs. 1.3 crore to Rs. 1.85 crore. It’s well connected by the Bus Rapid Transit System and Ahmedabad Municipal Transport Services. Its connectivity via SG Highway keeps the housing demand constantly good in this area.

Vastrapur – This is the place which hosts Gujarat University, NIIT and Indian Institute of Management. From the real estate perspective, it attracts a lot of student population, mid-segment homebuyers and people looking for some of the most premium homes. You require a minimum of Rs. 75 lakh to purchase a 2 BHK unit here. A 3 BHK apartment in Vastrapur may set you back by anywhere around Rs. 1 crore. Going by the trends, the prices here have stabilized over the past 1 year. No drops are expected in the near future either.
Thaltej - Anyone who wishes to buy an affordable home, yet enjoy the location advantage (with regard to the connectivity to SG Highway), must consider buying a property in Thaltej. It is home to a good number of corporate offices, which automatically improve the residential outlook of the area, keeping demand always high. A 2 BHK property here would cost you around Rs. 50 lakh, while a 2 BHK apartment in Thaltej unit may make you spend anywhere in the vicinity of Rs. 95 lakh.
To conclude, anyone who wishes to buy property in Ahmedabad, must do ample due diligence, study all the popular locations and check property rates in Ahmedabad, before coming to a final decision.

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