AHMEDABAD: Ashram road is well developed and a prime commercial area in the city. A major portion of this arterial road of the city runs parallel to the Sabarmati river. The road is a major financial hub of the city with the offices of the Reserve Bank of India and the Income Tax department located on the road. The presence of offices of big organisations is playing a key role in elevating the development on Ashram road and providing a boost to the commercial realty segment. A large number of companies are willing to make huge investment in properties on Ashram road.
Ashram road has a very good infrastructure with many residential and commercial buildings located here. Ashram road, though majorly developed, is always a welcoming place for new projects and investments. Therefore, many new projects are coming here. Approximately, the office space here at Ashram road cost Rs 63384/sq mt.
Besides the commercial office buildings, Ashram road is also known for being a good shopping destination as many prominent showrooms are located here. The very famous revolving restaurant of Ahmedabad, which is the landmark of the city is also situated here. This area has all the modern facilities including corporate houses, schools, colleges, banks, multiplexes and other recreational areas. The office of Aakashwani, VS hospital and prominent eating joints also add an impetus to Ashram road. Further, due to the Sabarmati Riverfront project, this area has come in to limelight and value of this area and the rates have increased drastically. Sabarmati Riverfront has become the heart of the city and attracts tourists as well.
Nupur Shah, a broker who has her office at Ashram road says, “Ashram road is truly one of the best areas to own an office. No other area is as commercially developed as this one. From food to movies, hangout places to offices, this area has something in store for everyone.”
Ashram road houses many educational institutes, including Mount Carmel among others. Also many colleges like the HK College of Commerce, Gujarat College, Gujarat Vidyapeeth are situated here, which are one of pioneers in the education field. As a result, the overall realty segment is growing at a fast pace at Ashram road. In fact, not only the commercial realty but now residential property market is also growing in this area.
Consequently, there is an excitement among real estate agents in Ahmedabad to buy extensive plots of land here, as there are good chances of property prices rising in the near future. In addition to this, the remarkable development and strategic location is inviting people from other areas to shift their offices here.
Sahil Shah, resident of Ashram road says, “Various builders are now coming up with new projects on Ashram road. This area has emerged as the one of the fastest developing territories of Ahmedabad. It is a highly commercialised area and definitely, a prominent landmark area of the city.”