Annual increase in price per sq feet in this city, basis makaan listings
Annual Rental Yield
% of property cost that you are likely to recover as rent in 1 year
Property in Vadodara
: an overview
About Vadodara, also known as Baroda, is the third largest city in the western state of Gujarat. Situated on the banks of the Vishwamitri River, this city is at a distance of 139 kilometres from the state capital Gandhinagar. Besides being the administrative headquarters of Vadodara District, the city is an important industrial, cultural, and educational hub of western India. It is also known as Sanskari Nagari, and it is one of the most cosmopolitan cities in the country. City Infrastructure Vadodara is often termed as the Gateway to the Golden Quadrilateral, due to its position on the major road and rail arteries that join Mumbai with Delhi and Ahmedabad. Vadodara Airport connects to several major cities. A new terminal is being constructed here, and by 2016 Vadodara is expected to have an International Airport. Vadodara Junction Railway Station is Gujarats busiest station with almost 150 trains passing through every day. Important trains including Rajdhani, Shatabdi, Duronto and other mail/express trains halt here. There are 10 major railway stations in the city. National Highway 8, which connects Delhi and Mumbai, passes through Vadodara. The Indian National Expressway 1, a super highway stretching across 97 kilometres connects the city with Ahmedabad. This project has been placed on a fast track priority, and currently it is at the stage of land acquisition. There are plans to extend it southwards from Vadodara all the way till Mumbai, in the near future. An airport like bus terminal was recently inaugurated here. A bus rapid transport system (BRTS) has also been planned for the city. Real estate There has been a boom in the residential houses as well as commercial complexes in Vadodara by several leading builders. Several NRIs are also investing in local property her, and with the implementation of townships, posh bungalows, luxurious apartments, spectacular villas and penthouses in the city, the city is witnessing a bright real estate scenario in recent times. Vadodara does not suffer from scarcity of land unlike many large cities, which is attracting homebuyers to look for property here. The affordable prices, coupled with the vast opportunities and prospects that the city holds owing to the flourishing IT sector and other industries, makes this a hotspot for real estate investment. Lifestyle The city hosts a number of palaces such as Laxmi Vilas Palace, Nazarbaug Palace, Makarpura Palace, Pratap Vilas Palace, etc. The well-known buildings and monuments include Maharaja Sayajirao University of Baroda, Kirti Mandir, Kirti Stambh, Nyay Mandir, Aurobindo Ashram, Dakshinamurty Temple, Hazira Maqbara, Kala Ghoda, and Mairal Ganpati Mandir. There are also a few museums and gardens gracing the city, such as Maharaja Fateh Singh Museum, Baroda Museum and Picture Gallery, and Sayaji Baug. Vadodara also houses several venues for excursion, like Ajwa & Nimeta, Dabhoi, Pavagadh, Champaner-Pavagadh Archaeological Park, Kayavarohan, Sursagar Lake, Vadhavana Bird Sanctuary, Dakor, etc. The oldest cricket ground in Asia, called Moti Baug, is located here. Several new colleges and educational institutions have cropped up in the city. The festivals that are celebrated with great fervor include Diwali, Uttarayana (festival of kites), Holi, Eid, Gudi Padwa, Ganesh Chaturthi, and Navratri (Garba).
What Makes Tier-II And Tier-III Cities Attractive For Developers?
According to market research, real estate investments in Tier II & III cities have increased by around 20 per cent as compared to last year. These cities include Chandigarh, Jaipur, Udaipur, Sohna, Amritsar, Nagpur, Lucknow, Surat, Vadodara and Visakhapatnam. The development of physical and social infrastructure has pushed up the affordable housing demand in these cities.
The Gujarat Real Estate Regulatory Authority has slapped notices to 448 projects across the state for non-compliance. The developers of these projects failed to submit their annual audit reports as mandated by the real estate law. These defaulters have been given time till this month to comply with the rules failing which action would be taken and penalty will be imposed.
Delhi-Mumbai Express Highway May Cut Travel Time By 8 Hours
Union Minister Nitin Gadkari on March 8 laid the foundation stone for the six-lane Rs 90,000-crore Delhi-Mumbai Expressway. The access-controlled highway that will be built in next three years, under the Bharatmala Pariyojna Programme, will connect India's national and financial capitals, and will reduce the travel time between the two cities from 20 hours to a mere 12 hours.
Property Prices Increased By Up To 22% In Q1, Shows NHB Residex
Property prices across 33 cities in India have witnessed a rise of upto 22 per cent in the first quarter of the financial year 2018-2019 when compared to the same quarter of the previous fiscal, shows the National Housing Board’s housing price index, NHB Residex. Prices dropped by upto 13 per cent in 14 cities and remain stable in three, the index shows. The report released on January 2 studies property prices on a quarterly basis across 50 Indian cities, with FY2018 as the base year.