Gift City Posh and Really quality residential location

Ahmedabad is the largest city and former capital of the Indian state of Gujarat. Ahmedabad was known as the Manchester of the East, for its textile industry. The city is the largest supplier of denim and one of the largest exporters of gemstones and jewellery in India. It, thus, generates a plethora of job opportunities for people of India. The automobile industry is as well as important to the city after Tata's Nano project, Ford and Suzuki are planning to establish plants near Ahmedabad while the groundbreaking ceremony for Gift City has already been performed. In recent years, the Gujarat government has increased investment in the modernization of the city's infrastructure, providing for the construction of larger roads and improvements to water supply, electricity and communications. The information technology industry has developed significantly in Ahmedabad and is one of the major job creators in the city, with companies such as Tata Consultancy Services opening offices in the city. A NASSCOM survey in 2002 on the Super Nine Indian Destinations for IT-enabled services ranked Ahmedabad fifth among the top nine most competitive cities in the country. With the market witnessing a gradual slowdown since last six months in Ahmedabad, the trend seems to be finally taking a toll on property prices.

According to experts, while a 10 per cent correction has already set in among residential properties, in the next couple of months it could go up to as high as 20 per cent in Ahmedabad. The slowdown in property bookings is being attributed to factors such as artificial hike in property prices, hike in rates and more supply of high end properties. These factors have resulted in heavy recession in the real-estate market in Ahmedabad, especially in Gift City Ahmedabad properties. This has resulted in correction in few products while more is expected in the next few months, says NK Patel, director of Real-estate Studies and Management Academy RESMA, Ahmedabad. As per experts, since January, real-estate brokerage firms in Ahmedabad have seen a slump in business by about 30 per cent. Property bookings have as well as been on a downhill since couple of quarters now. Real-estate consulting firm, Jones Lang LaSalle JLL India states that the downgrading of US economy has as well as played a part in aggravating negative sentiments among buyers Buy are as well as getting pensive over the recessionary trends, apart from inflation taking a toll on their purchasing power. The way, the perception has been built and spread, it’s a matter of great concern and Prime Minister and others have conveyed to her to rectify and improve the image, said a top source close to her and the Prime Minister not only in Gujarat, even in Delhi, it has become a point of discussion regarding her children's involvement in the governance process, he said, stressing that this perception has been created by her rivals from within the party as well as opponents.

Neither of the two, Anar or Shwetank, have ever tried to interfere in our work, the official, however, added. It is learnt that the Prime Minister Modi had a word with Chief Minister Anandiben Patel on the issue when she had gone to Delhi on January 25, the day Amit Shah was elected as BJP president. Some BJP workers and bureaucracy have even started drawing comparisons between her government and that of Keshubhai Patel, who also faced allegations of interference and corruption by his family members that eventually led to his unceremonious removal from the power in October 2011. Ever since the 73-year-old Ms. Anandiben Patel took over as Chief Minister of Gujarat succeeding Mr. Modi following the parliamentary polls in May 2014, an impression has gained ground that her two children are powerful and wield influence in the government.

Property Mart is Leading Real estate Consultant in Bangalore from past couple of years offering to Book Prestige New Projects in Bangalore. For Booking Call us on: @ +08971315026 and Visit Out official site http://giftcityahmedabad.in