Ahmedabad's Prahladnagar realty rates higher than Florida

Ahmedabad's Prahladnagar realty rates higher than Florida

Ahmedabad's Prahladnagar realty rates higher than Florida

The real estate in Ahmedabad is sky-rocketing, while the American states are yet to recover from the sub-prime crisis. As a result, realty rates in Prahladnagar are higher than those in the American state of Florida, according to a report published in DNA.

Marcus Wally, international instructor of National Association of Realtors -- USA, said that real estate prices in his home state Florida range from $70 to $125 per square feet depending on conditions and constructions of the property. On the other hand, the prices of high-end apartments in Prahladnagar is quoted anywhere between Rs 5,500 to Rs 6,000 per sq feet. Wally was talking to the media on the sidelines of the seminar organised by the National Association of Realtors-India in the city.

Four realtors association from the state, Ahmedabad Realtors Association, Vadodara Realtors Association, Rajkot Realtors Association and Surat Realtors Association signed a memorandum of understanding (MoU) with NAR-India to become its members. "As we have become members of NAR-India, we can get an opportunity to develop our contacts at the national and international level and bring in more business for ourselves," said Sachin Shroff, president of Vadodara Realtors Association.

The aim of forming the association and get affiliation with national level association is to organise the brokers fraternity and educate them which will ultimately enable them to provide better service to customers, said Pravin Bavadiya, president of the Ahmedabad Realtors Association.

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