5 Top Rental Localities In Ahmedabad
Ahmedabad, the financial capital of Gujarat, has witnessed an upsurge in the residential rental market. Traditionally, Gujarat has been known as a preferred destination for home buying rather than rental housing. But, the growing economic activities, low cost of living and rising migrant population are influencing the rental market, too. A large percentage of the population here includes non-resident Indians (NRIs), working professionals, tourists and students.
MakaaniQ lists top five rental localities in Ahmedabad that offer offering best units:
Near Vaishno Devi Circle on SG Highway
Located on a major growth corridor of the city, SG Highway, the serene locales of Vaishno Devi Circle are preferred by homebuyers owing to its well-developed social infrastructure. Proximity to the proposed Metro and upcoming highways are the key USPs to bank on for those looking for smooth connectivity.
The locality offers apartments at an average rental rate of Rs 14,063 per month. Rents start at Rs 6,000 for an apartment spread in an area of 650 sq ft.
A hub for affordable housing, Gota is a newly emerged micro-market for rental properties. The locality that houses small corporations and commercial spaces, has witnessed a positive impact on the rental values. The average rental rate in the locality stand at Rs 13,231 per month. The rents here start at Rs 6,100 for an apartment spread in an area of 1,125 sq ft.
Motera is a fast-developing suburban location. The locality is now home to a new cricket stadium as well, Sardar Patel Gujarat Stadium. Once the Phase-II of Ahmedabad-Gandhinagar Metro project is completed, Motera will also become a Metro rail interchange hub, ensuring a strong connectivity to different areas of the city.
Average rental rates in Motera, at present, stand at Rs 12,877 per month. The rents here start from Rs 5,500 for apartment spread in an area of 600 sq ft.
Nava Naroda or New Naroda
Situated in the northeast region of Ahmedabad, Naroda is primarily an industrial area. The region has now stretched up to New Naroda and has become a desired choice for middle-income groups working in industries or offices nearby.
Average rental rates in New Naroda are Rs 9,000 per month while the rents start at Rs 6,000 per month for apartment spread in an area of 1,098 sq ft.
Bopal offers diverse rental options for all income groups. The upcoming flyover on the Sardar Patel Ring Road is a major growth driver. The average rental price in the region is Rs 23,677 per month. The starting rent here is Rs 8,500 for an area of 870 sq ft.