Ahmedabad Metro is Game Changer in Property Market

The demand for property in Ahmedabad held primly because of the interest from investors and non-resident Indians. Realtors say that Ahmedabad remains considerably more economical than other metro cities in India. Ahmedabad is the largest city in Gujarat and is located on either side of the Sabarmati River.

The western aspect of the Sabarmati has all the shopping malls, educational institutions, and the new business hub while the eastern side has the old city, the posts office, and Railway station. The area has long been a hub for the chemical, pharmaceutical, and textile industries. The Vibrant Gujarat Summit earlier this year has highlighted the advantages of investing in Gujarat, especially in Ahmedabad. Reality investments are a major part of this boom.

Unlike other cities in India, the property market in Ahmedabad did not fare too poorly last year. The corridors of development, such as New Ranip, Motera, Bhopal, and Chandkheda have many new projects. Ahmedabad is especially a good bet for some reasons. The primary reason for investing in property in Ahmedabad would be that the investment activity. The trickle down advantages on the real estate market is that there would be a requirement for more housing space. According to a new study, the Indian economy is likely to grow at about 7.5% in the next fiscal.

It is backed by parallel industrial development which will result in more employment opportunities. The predicting gurus have forecasted a better run for the real estate sector this financial year. Another game changer in the property market will be the Ahmedabad metro. Properties in Ahmedabad, which are coming along the Ahmedabad to Gandhinagar Metro line, are likely to acknowledge and bring in good returns for property buyers.

According to study, the people who are likely to invest near good public transportation nodes are from the middle class and comfortable commuting to work is on top of their bucket list. Prices of properties near the metro lines are likely to increases as people like to invest near good metro connectivity. Real estate growth along the routes is also likely to increase, in particular on the empty land nearby. Housing projects are coming up in regions such as Hebatpur, Sindhu Bhavan Road and also within a three-to-six kilometer radius from Thaltej metro station.

Similar to reality market growth in other cities across India, the dominant housing construction in prime regions of the city is now multi-storey properties which have taken over from the independent bungalows. Villas and independent homes are still being constructed on the outer greatest extent such as the Sardar Patel Ring Road. The lack of land and the increasing square foot cost of buildings in posh localities have made multi-storied apartments the answer. The prime areas of the city are Shahibaug, Vastrapur, Thaltej, Bodakdeve, Satellite, Prahladnagar, Maninagar as well the lakefront region near Kankaria and Chandola. Ahmedabad is also a favored investment destination for non-resident Indians (NRIs).

According to a survey done by Assocham, an industry body, NRI investment into the property in Ahmedabad is expected to grow by 32% this year. The study predicts a 35% surge in capital investments all over India from NRIs, further states that NRIs consider Ahmedabad a very real market, especially regarding absorption and demand of both commercial and residential property. The NRI investments are expected to come mostly from the US, UK, Canada, Singapore, the UAE and South Africa; all regions which have a large Gujarati.

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.