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Vadodara, which was earlier known as Baroda, is a major hub for cotton textiles, chemicals, machines tools and pharmaceuticals. It is as well as known as a Pensioners’ City because a large number of non resident Indians come back to this place. Vadodara is an arch type tier II city where the prices of houses have been holding. Gift City Latest Update Main reason for it, realtors say, is this city is mainly an end user market not a speculative one such as the bigger cities Ahmedabad and Surat. Such as other cities, industry and commerce is shifting to the outskirts of the city so the developments are now happening on the outskirts. The main reason for this move could be the lower cost of land on the fringes of the city. Another development which will help the real-estate in Vadodara is the Fatehgunj flyover, which when operational, will ease the traffic congestion in the city. Fatehgunj is one of the most happening places in Vadodara and is popular with young people. Plots in Vadodara are mainly to be found along the Vadodara-Halol Expressway.

This is one of the growth corridors in Vadodara and is close to the airport. There are as well as a number of industrial and manufacturing companies located in Halol which is why housing is in demand in this locality. Those who wish to invest in a could think of this locality as it expected to appreciate and there would always be someone to rent the place once constructed. Gotri-Sevasri and Vasna-Bhayli are both rapidly developing residential localities in Vadodara. Gift City News Demand for houses in this area is mainly from the upper middle class and the middle class. Good connectivity to the Central Business District of Alkapuri is one of the reasons why Gotri-Sevasri is very popular. Ahmedabad is the largest city in Gujarat and finds its place among the most preferred real-estate investment destinations in the state. It is among the well-developed regions in the western part of India, and with several employment opportunities across the city which attracts people from all over the state, it is as well as one of the most populous cities in Gujarat being the centre of the textile and fabric industry in Gujarat, Ahmedabad is home to some of the oldest textile mills in the nation, which manufacture various types of garments.

Ahmedabad as well as has its own stock exchange, which is the second oldest one in the country. Car manufacturing is another upcoming industry that is developing in and around Ahmedabad, with several big names such as Ford, Maruti Suzuki and Honda looking to set up plants here. SUBA Group of Hotels, part of the Mumbai-based MRL Group, has seven hotels, including three in Mumbai, and one each in Ahmedabad, Vadodara, Dahej and Dubai. Huge industrial development is taking place in the state after the success of Gujarat Vibrant Summits since 2003. The state has been attracting more investors, businessmen and trading firms to various cities for setting up their industrial units. To meet their ever-increasing demands, we have decided to expand our hotel business in the state, Mehta said the group's new hotel in Vadodara is located close to the airport and railway station and is as well as near to the major corporate offices, he said.

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