Gandhinagar Property

The soon-to-be-operational Ahmedabad-Gandhinagar Metro Link project is set to boost property demand in Ahmedabad. Known as Gujarat's financial capital, the city has time and again proved that living in metro cities need not be a costly affair. Based on PropTiger.com data, here are five top localities in Ahmedabad that saw high apartment sales between Oct 2017 and Dec 2017.

In a recent development, the Andhra Pradesh Capital Region Development Authority (CRDA) has planned to create ring-fenced entities (RFEs) for the execution of "remunerative projects" like water and power supply, transport and a host of others in the upcoming capital city- Amaravati. Infrastructure majors such as Larsen and Toubro and Shapoorji Pallonji and Co Ltd have started undertaking work to turn Amaravati into a world-class city.

Located in the new west zone of Ahmedabad, Vejalpur is one of the high-potential property markets. A homebuyer can easily zero-in on a 1,200-1,300 sq ft apartment for Rs 40-45 lakh in this locality. Thanks to the stable real estate market scenario, the prices in this locality have not increased in the past three years and this could be an opportune time to enter the market and own a property in this growth-oriented area.

Bengaluru's civic body, in its newly released Smart City proposal, has created plans for 17 wards including Malleswaram, Gandhinagar, Shivajinagar and Chamarajpet.

The apartments built under the model suggested by Confederation of Real Estate Developers' Associations of India (CREDAI) will spread in an area of 646 sq ft and will cost nearly Rs 60 lakh each.