Property in Ahmedabad
Investment options in Ahmedabad commercial property include
property for office space, retailing, hospitality and many
other options in all ranges and categories. Ahmedabad has
excellent prospects for growth and real estate appreciation.
Real estate, retail and financial services are seeing favorable
times in Ahmedabad. Most leading private banks and nationalized
banks have branches in the city.
The BPO (Business Process Outsourcing) boom in Ahmedabad
and Gandhinagar is fuelling demand for commercial properties
in Ahmedabad like never before. Promptly following in the
steps of BPO hubs like Pune and Bangalore, Ahmedabad is all
set to fulfill the office space needs of MNCs who plan to
set up shop here. Cheap real estate prices have become a boon
for some 40 small and big BPOs already operating in the city.
For instance, Mphasis BFL Ltd has leased 10,000 sq feet of
The rates if compared will give a clearer picture of the
modest prices prevailing in the city. The capital value for
office space in Ahmedabad is in the range of Rs. 1,200 to
Rs. 4,000 per sq. ft which is up for Rs 1,200 per sq ft. In
comparison, similar spaces will between Rs 2,000 and Rs 3,000
in Pune and anywhere between Rs 3,000 and Rs 5,000 in Bangalore.
The yield on investment hovers around 10%-13 % for officespace.
Ahmedabad figures among the top five Tier II cities in spending
power and retail potential. The value of retail space in Ahmedabad
varies from Rs. 5,000 to Rs. 10,000 per sq. ft and the The
yield on investment hovers around 12%-14 % for retailing.
The city has become a focal point for retail activities.
Big retail chains like Star India Bazaar, Shoppers' Stop,
Big Bazaar and Pantaloons are entering the retail market in
Ahmedabad. Apart from this, a number of international brands
have shown interest. Retailing is very much on the upswing
with the highest number of malls and multiplexes in the country
located in Ahmedabad.
SG Highway is the main commercial hub. There is frantic construction
work underway for more supermarkets and big malls. Max Lifestyle
has also taken up space. Local players such as V-Mart are
expanding. Pantaloon group has chosen Ahmedabad for opening
more than one Big Bazaar outlets. Big Bazaar works along the
same lines as the economy model pattern of Wal Mart.
IT giant Acer has opened three new malls in different areas
of Ahmedabad with the partnership of leading IT hardware companies,
Drupa Electronics, Source Communication (Karnavati Infotech)
and Balaji Infotech. The move will ensure better outreach
and comprehensive product knowledge and convenient access
to the consumers.