Invest in Ahmedabad?
Ahmedabad, the commercial capital of Gujarat has undergone
a slow but steady transformation that is being realized in
the modern cityscape and its format, swank apartments and
retail malls. Ahmedabad has an affluent professional and business
class, the taste, preference and spending ability; which every
real estate developer, retail brands and organizations eagerly
seek to address. More than 80% of the state's urban population
resides here and is the preferred location of major corporate
Ahmedabad presents a good blend of infrastructure and decent
quality of life. It presents great prospects to rank investors
and NRI Gujaratis due to its mega city status and the strides
it has made in terms of healthcare, cuisines and malls. There
are upmarket locations that offer luxury living at a competitive
rate.The property prices in Ahmedabad show an upward trend
due to the entry of large retail stores.
With an upcoming urban project like Sabarmati Riverfront
Development Project the city is the cynosure of all eyes.
The project aims to take up the embankments on both sides
of the Sabarmati River and develop the area. Infrastructure
development, public amenities and land development is in the
The completion of Sardar Sarovar Project of dams and canals
has achieved its purpose of improved supply of potable water
and electricity for the city. Recent times have seen the Gujarat
government pumping increased investment in water supply, electricity
and communications. The IT industry has maintained good momentum
in Ahmedabad and has shown the pace of a competitive city.
The land prices in and around Ahmedabad have doubled on account
of better connectivity and wide roads. Some areas have witnessed
prices getting trebled in the event of demand exceeding supply.
Yet, residential properties are quoted in the price range
are well below the average rate in other metros.
Villas are finding favor with a lot of people and coupled
with proper infrastructure, a long term lucrative yield is
a near possibility. End users and investors in real estate
development both can be bullish on this.
Some of the reasons that encourage investing in Ahmedabad
real estate is:
||Encouraging atmosphere for business and entrepreneurship.
Availability of productive and harmonious labor force.
||Strategic location advantage. Proximity to Mumbai, commercial
capital of the country. Accessibility to the Western,
Middle East and African markets.
||Superior infrastructural facilities like improved roads,
port facilities and availability of power.
||The coastal areas offer great potential for development
for privately promoted ports.
||Opportunities of expansion in the Power Sector.
||The Sardar Sarovar multi purpose project on Narmada
River besides facilitating irrigation will also provide
water for domestic and industrial use in about 8215 villages
and 135 townships.
||Presence of world class institutions such as Indian
Institute of Management, Ahmedabad and National Institute
||With 80 per cent of the urban population of Gujarat,
housing large corporates and state and district level
public offices, Ahmedabad has the seventh highest Market
Potential Value (MPV) among all the 784 cities in India.
Ahmedabad has earned a grade of 'AA' with 30.97% share
of total MPV of the state of Gujarat.
||Greater possibilities for textiles, engineering, dairy
industry, chemicals and petrochemicals, information technology,
gems and jewellery, tourism and service sector.