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Property in Gandhinagar
: an overview
About The capital of the western state of Gujarat, Gandhinagar is situated about 23 kilometres north of Ahmedabad. On the west-central point of the industrial corridor between Delhi and Mumbai and is positioned on the west bank of the Sabarmati River.
City infrastructure The nearest airport is Ahmedabads Sardar Vallabhbhai Patel International Airport, around 18 km from Gandhinagar. The Gandhinagar Capital railway station has many trains on the western zones passing through the city. The closest rail junction is Ahmedabad Railway Station, which provides connectivity to all key cities and towns of India. There also is a proposal for a Metro Link Express between Gandhinagar and Ahmedabad to introduce rapid transport into the city. When it comes to road connectivity, National Highway-8 links the city to Surat, Mumbai, and Navi Mumbai, while National Highway 8C connects it to Ahmedabad, Jaipur, Udaipur, New Delhi, and Chandigarh. A bus rapid transport system is also being planned to connect Gandhinagar and Ahmedabad. Gandhinagar is one of the cities chosen to be developed under the Centres Smart Cities Mission.
Real estate Gandhinagar has emerged as one of the most viable options for property investment in recent times. With the smooth network of BRTS connecting Ahmedabad and Gandhinagar, the twin city has received a major thrust in terms of the real estate market. With a well-developed infrastructure and remarkable commercial opportunities, residential real estate here is witnessing fast-paced growth. The city, planned in four phases, is enriched by a green cover that attracts builders to develop housing complexes. There has also been a significant surge in property prices here in the past few years. However, the prices are still not as high as other big cities. Gradually, Gandhinagar is attracting people from all parts of India, thanks mainly to its educational and employment opportunities, infrastructural development, and excellent connectivity to Ahmedabad, Anand, and Vadodara, This, in turn, is largely contributing to real estate industrys growth in the city. Investors, as well as developers, are keen to pursue property prospects here to procure assured high returns.
Lifestyle Gandhinagar boasts a variety of tourist attractions like the Akshardham temple, Deer Park, Mahatma Mandir, Childrens Park (Sector 28), Punit Van, Sarita Udyan, GIFT City Tower, Rupal Village, and a few others. Since cricket is the most popular sport in the city, there are a number of cricket grounds, including the well-known Sardar Patel Stadium, Motera. The most important festivals celebrated here are Uttarayan, an annual kite-flying day, Navaratri, Diwali & Gujarati New Year, and Holi. When it comes to education, Gandhinagar offers a host of colleges and institutions with different fields of study. Some of these institutions are Gujarat Forensic Sciences University, Gujarat National Law University, IIT Gandhinagar, Dhirubhai Ambani Institute of Information and Communication Technology, National Institute of Design-Gandhinagar, National Institute of Fashion Technology, Kadi Sarva Vishwavidyalaya, and Government Engineering College-Gandhinagar.
The Mumbai Metro Line-IV has been planned as a fully elevated corridor with 32 stations from Wadala near south Mumbai and Kasarvadavli near Thane West via Ghatkopar and Mulund. There are plans to extend the line by 2.7 kilometres to Gaimukh. The 32.32-kilometre Metro corridor has an estimated cost of Rs 14,549 crore and is expected to be completed by 2021.
Consider Investing In Ahmedabad's 5 Most Popular Localities
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.
Amaravati: Inching Towards Becoming A World-Class City
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.