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As the Government of Gujarat developing a metro in Ahmedabad, investment opportunities are arising for the population from other cities. On top of it, the metro will take years to complete and to start operating. During this development time, the real estate industry of Ahmedabad is likely to experience a boost. But as soon as the metro project is done, prices of residential and commercial properties will skyrocket instantly. So, it is the best time to buy a property in ahmedabad.
In order to find the best properties nearby, you must understand the market first. Ahmedabad is home to many pharmaceuticals, chemical, and textile companies. These multinational companies are scattered on the outskirts of Ahmedabad. But people looking for employment opportunities prefer living nearby their employer yet around the city area to be able to enjoy off-days. These areas include Ranip, SP Ring Road, Bopal, New Bopal, Shilaj, and others. Apart from these big companies, Ahmedabad has prestigious universities such as IIM, Nirma University, CEPT University, and several CA institutes. These educational institutes attract students from all over India; giving another consumer market to lease out your bought residential property. Ideally, these students prefer living right next to their institute as commuting is a huge cost for them. And in Ahmedabad, students search for shared homes near Vastrapur, CEPT university, Naranpura, SG Highway, and Thaltej area. These areas are also highly-priced residential areas that help yield high rent upon leasing them. You can get any size of flat, be it a 2 BHK and 3 BHKflats in ahmedabad, students preference depends on their budget and requirements. So, you will easily get students as tenants.
As Ahmedabad is growing, big players in the real estate industry Ahmedabad are offering residential community or township instead of just a home. These communities-build-up processes provide many benefits such as gymnasium, pool, event hall, and many others to create a wholesome living experience. But if you really want the best residential property, then the growth corridors of Ahmedabad are SG Highway, SP Ring road, Sindhu Bhavan Road, 132 Ft. ring road and outskirts of maninagar where true ROI and families reside.
When it comes to luxurious residential projects, you can easily find new residential projects near you in Sindhu Bhavan, Bodakdev and Prahlad nagar. These areas hold some of the richest bungalow schemes with high-end amenities. And lastly, if you still prefer living in posh flats, you can easily find 5 BHK lush properties in these areas of Ahmedabad.