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Ahmedabad – The realty hotspot for investors

In the existent scenario, the real estate sector in Ahmedabad is thriving. Real Estate in Ahmedabad is currently enduring dramatic changes due to the development of residential townships, malls, office spaces, flyovers and road improvements. All this infrastructural growth is altering Ahmedabad’s cityscape. Ahmedabad is one of the fastest developing and growing cities in India. Ahmedabad is proving to be an ideal city for buying residential and commercial property because of availability of excellent infrastructure and all the basic facilities.

The city, endowed with all the basic features essential for growth, has prompted many realtors to launch their projects in the city. Some of the key projects of the city like SEZs, hotels, integrated townships, gated communities, specialty townships, commercial complexes, malls, multiplexes and IT corridors have uplifted real estate scenario. The city is well connected, internally as well as externally through its elaborate transit systems, adding to its real estate values.

Crave a life of luxury? 

Simply visit some of Ahmedabad’s posh localities to get a taste of luxurious living. The Gujaratis, one of India’s largest business communities, love to live well. Plush bungalows in Ahmedabad prove the point. A home is a place where emotions, cultures and values are sown. It is a place where one unwinds after a hard days’ work. It’s a place where you create memories that last a lifetime. As it is said, ‘home is where the heart is’.

According to a common belief, the 3 most important things to think about when buying a home are location, location, location. You can live with almost any imperfection in a home if you love the neighbourhood and your neighbours. You can change almost everything else. But, once bought, you cannot change your home’s location. When you chose a house, consider any potential home’s proximity to your work, the charm of the neighbourhood, how the home is situated on the lot, ease of access, noise from neighbours, traffic, or pets, and access to parks, shopping, schools, and public transportation. A house in the posh areas like Vastrapur, SG, Road might cost you dearly, but once it is yours, you will always cherish it.

The area Thol-Kadi – centrally located between Ahmedabad, Gandhinagar and Mehsana – boasts of projects worth nearly Rs 30000 crore, offering facilities like 24 hour-power supply, continuous water supply, school, and hospitals. “Land investment is always secure and recession proof, with no depreciation and assured appreciation. This upcoming location of Thol – Kadi has the Thol Lake and lush greenery that attracts many investors. The Maruti Suzuki project – to be ready by 2016 – is approximately 60 km away from Kadi, and is sure to induce many other auto ancillary industries. AUDA, too, has taken some effective steps towards bettering the greenery in this periphery. Many schemes of weekend homes and plots, with features and amenities like clubhouse, swimming pool, indoor and outdoor games etc, are being introduced in this area,” says Dhawal S Mistry, Director, Shree Radhakrishna Group.

Be sure the neighbourhood, and not just the house, meets your expectations. They say that you should own the smallest home in the nicest neighbourhood that you can afford. You’ll have a great view! Drive around on week days and weekends, during the day and in the evening. Are homes in the neighbourhood consistent in size and features? Is the neighbourhood safe enough for people to walk, run, or bike and are there children playing in the yards?

Your home should reflect your lifestyle. Do you live a laid-back life? Then you might not want a formal Victorian or Tudor style home. Something simpler and more contemporary might be in order. Look at the exterior features. A brick home is easier to maintain, unless you live in an earthquakeprone area!

A number of real estate schemes have been introduced in Ahmedabad, may it be the local builders or the international names, they have everything to offer from budget homes to the luxurious villas. Also there are homes which are built according to the Vaastu Shastra and Feng Shui.

Ahmedabad realty segment is more consumer-driven and the realtors are launching according to the prevailing demand and need. The construction activities of new real estate projects have pushed property prices to new heights. The real estate scenario of Ahmedabad is very notable and is likely to increase in the near future.