Know where you should consider investing in Ahmedabad real estate

The homebuyers having a modest budget and is looking for affordable property in Ahmedabad may consider these few localities for investment. While Ahmedabad is widely regarded as a tier 2 city, it is a real estate market, driven by investors rather than by end users. Investors in Ahmedabad prefer to buy homes in the primary market and like to buy directly from builders, rather than from individuals or households. The most popular apartments in Ahmedabad tend to be 2BHK units priced within Rs 50 lakhs. This configuration is the most preferred among investors in Ahmedabad. Recently, there has been a spike in demand for 3BHK priced close to Rs 50 lakhs. Investors are showing interest in such compact 3BHK flats not only for end use but also for investment purpose. Let us know the localities that have attractive property in Ahmedabad:

South Bopal: Affordable yet Well ConnectedThis is an attractive locality, which is affordable than other localities such as Prahlad Nagar and Satellite. South Bopal is on the radar screen due to the seamless connectivity this neighborhood has with other regions of Ahmedabad. Despite South Bopal being on the outskirts of Ahmedabad, it is well connected with other regions of Ahmedabad due to the Sardar Patel Ring Road, which connects South Bopal with other regions of the city. The Real estate projects in Ahmedabad at this locality tend to cater largely to budget homebuyers and prices vary between Rs 3,200 to 3,800 per square feet. Such rates make homeownership affordable in South Bopal to many who have less than one crores to invest.

Gota: A New Satellite City of AhmedabadThe mid-segment homebuyers have a strong preference in Gota when it comes to homeownership. Gota is a fast developing locality and is located on the Sarkhej-Gandhinagar Highway. It has excellent public transport linking it to other regions of Ahmedabad. Unsurprisingly, Gota has acquired the term the new “Satellite City” of Ahmedabad. This region has projects built by some of the top builders in Ahmedabad. There is outstanding social infrastructure. There are many schools and entertainment avenues, which contribute to the vibrancy of this region. The presence of the High Court also adds to the importance of this “Satellite City”. This region has Projects in Ahmedabad, which is on average priced between Rs 3,000 to 3,400 per square foot.

Vaishnodevi Circle: Between Ahmedabad and GandhinagarAs stated above Vaishnodevi Circle lies between Ahmedabad and Gandhinagar. This region is located on the SG Highway and is one of the fastest growing nodes of Ahmedabad. A number of townships projects have made this region quite popular among the residents of Ahmedabad. Vaishnodevi Circle is connected with the SP Ring Road as well as to the SG Highway. Vaishnodevi Circle is in the proximity to the airport and the railway station. A well-developed social infrastructure also drives demand for homes in this locality. Home prices here vary between Rs 3,300 to 3,700 per square feet. These regions bring consumer high-quality homes at affordable. We hope this provides the homebuyers a good return on investment.