Consider Investing In Ahmedabad's 5 Most Popular Localities

Consider Investing In Ahmedabad's 5 Most Popular Localities

Consider Investing In Ahmedabad's 5 Most Popular Localities
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Infrastructure projects, like the soon-to-be-operational Ahmedabad-Gandhinagar Metro Link, is expected to take the demand for properties in Ahmedabad a notch higher. If you are among the aspiring buyers looking for affordable options in a thriving metropolis, this information is for you. Ahmedabad has time and again proved that living in metro cities need not be a costly affair.

MakaaniQ lists the five top micro markets in Ahmedabad which witnessed high sale of apartments during Oct 2017 to Dec 2017:

Gota

Gota’s connectivity with a bustling highway and the affordability factor have been instrumental in driving its realty market. With over 50 ready-to-move-in properties, Gota has seen high sales of properties in recent times and there are signs it will continue to do so. A well-developed social infrastructure and proximity to the Sardar Vallabhbhai Patel International Airport are added advantages for people living in Gota. Presence of ample luxury homes in Gota also proves how diverse its housing market is. Some of the properties in the locality are launched by renowned names like the Panchsheel Group

Property prices have an average rate of Rs 2,800 per sqft. Apartments of 1BHK unit sized at 680 sqft have a price of Rs 18 lakh; 2BHK apartments of size 1,180 sqft are priced at Rs 32 lakh; 3BHK units of size 1,650 sqft are priced at Rs 45 lakh whereas luxury 4BHK houses of size 3,000 sqft have a cost of Rs 1 crore. Prices may vary depending on the quality of what is being offered.

Chandkheda

Chandkheda is an urban locality which offers numerous opportunities for a community lifestyle. One square foot of space is priced at Rs 2,500. Presently, there are over 100 properties which are in ready-to-move-in stage and the rates have appreciated by over 14 per cent in the recent months. Projects by Greenland Developers, Sreenath and Parshwanath Developers are quite popular. Served by arterial roads like Sardar Patel Ring Road and Sarkhej–Gandhinagar Highway provides smooth link from Chandkheda to the rest of the city.

Here too, homebuyers could sense the affordable nature of the property market as they can buy a 1BHK unit sized at 750 sqft for a price of Rs 15 lakh. A property with two bedrooms of total size 1,200 sqft can be purchased at Rs 26 lakh. Spacious 3BHK or 4BHK apartments with sizes above 1,500 sqft are priced between Rs 45 lakh to Rs 1.1 crore.

Nava Naroda

Nava Naroda is a well-developed locality in northeast part of the city. Located on the Gandhinagar-Ahmedabad-Vadodara (GAV) corridor, Nava Naroda is preferred among the working class as there are various industries and multinational companies nearby. Good transportation and social amenities meet the infrastructural needs in the locality. Proposed Monorail service and Metro Link Express around the locality is set to boost connectivity and real estate demand in this area.

There are over 45 new properties which are available at a price of Rs 1,700 sqft. Compact one-bedroom homes sized at 680 sqft are priced at Rs 11 lakh, 2BHK apartments of size 1,000 sqft are priced at Rs 14 lakh. Prices of properties with higher sizes range between Rs 80 lakh to Rs 1 crore.

Shela

Realty in Shela thrives owing to the presence of sound social infrastructure and strategic location with proximity to the airport and other prominent locations like Ambli, Prahlad Nagar and South Bopal. A range of housing options has attracted investors and homebuyers to this locality of west Ahmedabad. There are over 20 ready-to-move-in projects in Shela with an average pricing of Rs 3,000 per square foot of space.

A standard 1BHK apartment of 530 sqft of area will cost a homebuyer only Rs 15 lakh whereas a 2BHK house of size 1,180 sqft has a price of Rs 34 lakh. Luxury 3BHK and 4BHK properties of sizes varying between 1,500 sqft to 3,500 sqft are priced between Rs 60 lakh and Rs 1.8 crore.

 Bopal

Bopal has unfailingly been one of the preferred destinations for homebuyers owing to the right property mix including luxury villas, independent houses and budget-friendly apartments. Infrastructural growth is a key factor that ensures a consistent demand for properties in Bopal. Young homebuyers have been considering Bopal as their new home, for there are many corporate offices and colleges in the vicinity. Nearly 90 ready-to-move-in properties and new under-construction properties have augmented the investment prospects here.

The average rate of property in Bopal is Rs 3,300 per sqft. Apartments of 2BHK layouts are the most preferred and come at a price of Rs 35 lakh for an area of 1,200 sqft. Apartments of sizes 1,500 and above have prices starting from Rs 50 lakh and rise up to Rs 1.2 crore.

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