Gift City Alluring and Absolutely Luxurious apartments

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. As Gujarat’s second largest city Gift City is all set to become an international diamond trading hub. It is located on the Golden Quadrilateral highway and is well connected to Mumbai and Delhi. These are major market drivers. Vesu, Piplod, Pal, Adajan and Varachha Road are the traditional residential destinations, and suburban locations such as Bamroli, Khajod, Palsana and Puna Kumbharia Road are coming up. Vadodara is Gujarat’s third-largest city and another preferred emerging investment destination.

The prime residential areas are Alkapuri, Race Course Road, Old Padra Road, Jetalpur, Akota and Fatehganj. Besides, these five states account for over 70% of the total outstanding investments attracted by realty sector across India. Outstanding investments in real-estate have risen by over 25% throughout the country during the five year period of 2008-09 and 2012-13, further highlighted the ASSOCHAM analysis. According to the real-estate sector in India has been plagued with serious problems of late such as falling sales, rising construction costs, dampened market sentiment overall, sluggish economic growth, high and poor industrial production due to which leading players in the sector had to sell of their land to reduce debt, players have trimmed their exposure in realty sector and general slowdown in various industries has hit commercial real-estate. Gift City Ahmedabad has attracted about 14 per cent of the total investments worth over Rs 12 lakh crore attracted by real-estate sector from private investors including both domestic and foreign as of FY 2014-15 and has managed to increase its share by about 10 per cent during the last decade in this regard, noted a recent study by apex industry body ASSOCHAM Maharashtra and Uttar Pradesh UP have remained ahead of Gujarat with 22 per cent and 16 per cent share respectively in private investments and these three states together account for over half of the total investments attracted by real-estate sector from private investors, highlighted the study titled ‘Real-estate investment: State-level analysis,’ conducted by The Associated Chambers of Commerce and Industry of India ASSOCHAM. Gujarat particularly will attract sizeable investments as it is an integral part of India.

So, if India grows, Gujarat will as well as grows. Warehouses, high-end apartments, bungalows, low-end apartments and plots will be the segments to revive fast after the election results, across the board, there is optimism for a speedy revival. However most importantly Gujarat's real-estate market is undoubtedly one of the most sought after the tier-I cities. There are several reasons such as rapid industrialisation, employment opportunities, connectivity, excellent social and civic infrastructure and most importantly, capital values that are lower than those of many tier-I cities. IT and ITES in Gujarat are still at a nascent stage, but it seems that anticipation of a boom in the sectors is already pushing real-estate development. Gujarat is as well as a major industrial centre with big pharmaceutical and chemical manufacturers. Thus, keeping in mind the overall growth of Gujarat, the real-estate developers in the state are chalking out a diverse range of residential avenues such as multi storey apartments, plots, row houses and villas. Trends show that while the natives incline towards investing in plots, a majority of the migrant population is opting for multi-storey apartments.

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