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Ahmedabad’s real-estate market has grown tremendously over the past decade thanks to ultra-progressive policies and intelligent development governance. The city is providing extraordinary and unprecedented returns on the real-estate front, and is one of the most exciting investment destinations in India today. Gift City Latest Update And investors from all over the country are beating a straight path to Ahmedabad office space investments have shown amazing growth, with capital values for commercial properties rising by as much as 20-30 per cent in areas such as Prahladnagar, Sarkhej-Gandhinagar highway, Ashram Road and some parts of East Ahmedabad. Residential property appreciation in the city has been to the tune of 50 per cent over the last three years. The areas currently commanding the highest demand for residential space are South Bopal, Bodakdev, Vastrapur, Nicol, Nava Naroda and New Ranip.

Flats, apartments, serviced apartments, bungalows, penthouses and township properties are cropping up all over to meet the demand. In the past, residential development in was predominantly in the individual bungalow segment, and even today new bungalow schemes can be found on the outskirts of Ahmedabad city, especially along the Sardar Patel Ring Road. However the scarcity of land and expensive real-estate prices in the city has brought in the trend of apartment houses in form of high-rise towers in the city. Gift City News prime residential areas in the city are Shahibaug in the northern part of the city, Satellite, Bodakdev, Vastrapur, Prahladnagar, Thaltej in the western parts of the city, Maninagar and areas around Kankaria and Chandola Lake in the southern eastern parts of the city. The growth corridors for real-estate development are the Sarkhej-Gandhinagar Road, Sardar Patel Ring Road, Maninagar and on the north side of the Inner 132 feet Ring Road in areas such as Nirnaynagar and Ranip. S-G Road and Sardar Patel Ring Road in particular have witnessed a lot of residential bungalow and farm house developments in the recent years. Despite the higher project cost, very few real-estate firms have gone for Initial Public Offering IPO as it is still highly unorganised sector, opined Patel, adding that in case of industry status many real-estate firms would be encouraged to go for IPO and as result of it the sector would be able to provide adequate number of housing to people, which is as well as the priority of the Central Government.

Ahmedabad’s real-estate market is on an upswing because of to the huge growth of its industrial sector and the overall high rate of development, both in commercial and residential terms. It is the largest city of Gujarat, and as well as its commercial capital. It is the hub of the textile, pharmaceutical and chemical industries. Apart from being a well-established education centre with national institutes such as IIM, NID and CEPT Ahmedabad has as well as established itself as a major IT/ITeS and retail destination. The combination of the favourable factors naturally makes it a highly desirable residential destination. That matters because the state's chief minister, Narendra Modi, could soon run the country. Exit polls show that when results of a general election are announced on May 16, Modi's Bharatiya Janata Party BJP and its allies will win a majority in parliament, almost certainly making him the next prime minister. The 63-year-old Hindu nationalist has ruled Gujarat since 2001. He has surrounded himself with technocrats and as well as ministers and advisers who promote Hindutva, a belief in the supremacy of Hinduism. As prime minister, Modi would lead not just 975 million Hindus but 175 million Muslims, around 15 percent of India's population and the third-largest Muslim population in the world.

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