Gandhinagar: Residential realty on the rise
Apr 17, 2014
Source : The Times of India

 

AHMEDABAD: Gandhinagar is located on the west bank of Sabarmati river. Previously seen as an administrative city, Gandhinagar has already developed as a trade capital of the state and now the residential realty is also growing at a fast pace in the region.

The IT and electronics industry around the region is fast growing and this is providing a boost to the residential reality market. Gandhinagar is a home to the Electronics Special Economic Zone, and a variety of other industrial parks. The Gujarat International Finance Tec-City (GIFT) has also been set up as a one-stop destination for the global financial service industry. It is said to create jobs for lakhs of people and is one of the biggest industrial initiatives of the country. Thus, people who don’t wish to travel much are looking forward to buying property in Gandhinagar and this is providing a boost to the residential realty in the region.

Amit Shah, an IT professional and resident of Gandhinagar, says, “Well-organised infrastructure and basic amenities have significantly contributed in the growth of residential property market in Gandhinagar. Even the better transportation system, enhanced infrastructural setup, improved basic amenities, etc., are a few other reasons for the growth of residential realty in the region. The Bus Rapid Transit System (BRTS) from Gandhinagar to Ahmedabad has helped in easy commutation and made the travel convenient and cost-efficient.”

Overall, the city has bloomed into a perfect township anchoring beautiful residential complexes and buildings. Gandhinagar is also very well-planned and organised. There are wide open green parks, extensive planting and a large recreational area along the river rendering it a lush green gardencity atmosphere. This is attracting a lot of builders to the city. Due to this growth of the residential realty, the property prices in Gandhinagar have seen a huge surge in last few years. However, in contrast to the big cities which have reached their saturation, the residential and commercial property in Gandhinagar is still affordable. As a result, the properties in Gandhinagar are high on demand among the investors who are looking for assured high returns.

Not only Gandhinagar but the surrounding areas are also witnessing growth. The Sarkhej-Gandhinagar Highway, commonly referred to as SG road which connects the city of Ahmedabad with Gandhinagar, is a prime area for commerce and public transport, is also witnessing a major construction boom along its route to Gandhinagar. Various other areas like Chandkheda, Motera etc., nearby Gandhinagar are also developing at a fast pace.

Latest Realty News

Around 52,000 hotel rooms to be added in top cities by 2017
Apr 16, 2014
AHMEDABAD: A Cushman & Wakefield (C&W) report states that the hospitality sector will see a rise of over 65 per cent in total hotel inventory by 2017. Approximately, 52,000 new hotel rooms are expected to come into existence in the next five years (2013-2017). Despite a slow response, the hospitality sector of India, is expecting to witness better demand, in the coming years, on account of improved global economic conditions. Many hotel projects, that were delayed in the last two years, are also
Investment in realty sector dips 65 per cent in 2013 at USD 1.2 billion
Apr 15, 2014
AHMEDABAD: Investment in Indian real estate declined by 65 per cent to USD 1.2 billion during 2013, but the country was able to retain 10th rank in Asia Pacific, global property consultant Cushman & Wakefield said. Investment in real estate sector in India stood at USD 3.4 billion during 2012.
Expressway to facilitate real estate growth
Apr 15, 2014
AHMEDABAD: To say that expressways are lifeline of urban centres would be like stating the obvious. The expressways across the country have been a connecting point of the main city with the periphery locations, thus, ensuring that satellite cities are sustainable for the working class who otherwise cannot afford to buy a house in the main city. In the process, expressways also act as catalyst in providing a boost to the economy of the region.
New Maninagar: On a realty growth path in Ahmedabad
Apr 09, 2014
AHMEDABAD: Ahmedabad’s Real Estate market is on an upswing because of the huge growth of its industrial sector and the overall high rate of development, both in commercial and residential terms. Particularly, due to the industrial growth in the city, many new residential areas are being developed near the industrial areas and new Maningar is one among them.
GNLU teaches real estate laws to builders, architects
Apr 09, 2014
AHMEDABAD: Gujarat National Law University, Gandhinagar (GNLU) conducted a certificate course on real estate laws recently, keeping in mind country’s aspiring stakeholders in the real estate industry. Realizing the dearth of awareness among real estate stakeholders regarding real estate laws, this was GNLU’s second endeavour in promoting these laws; the first one being a national symposium of realty law that was organized recently.
Touching nine realty markets of Gujarat and beyond
Apr 07, 2014
AHMEDABAD: A number of reports by the business bodies have suggested that there has been an increase of business and economic activity between Gujarat and Madhya Pradesh in the last few years. The reports, however, fail to acknowledge the fact that the pace of the real estate developments has been even faster in the two states.
Home loans decrease by 55%
Apr 03, 2014
AHMEDABAD: The slowdown in real estate and overall economic slump has led to a record shortfall in demand for home loans last year. According to the latest report by state-level bankers' committee (SLBC), fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year, a decrease of 55% from the same period in 2012.
Proposed regulation, pending reforms, to bring back growth
Apr 03, 2014
AHMEDABAD: With the upcoming general elections in May this year, the country’s political fate would be decided. As the political scenario in the country will get a direction, the newly-elected government can also decide on some of the pending bills that will bring some policy framework to the country. There are a number of key draft legislations pending before the parliament. Industry estimates suggest that more than 120 bills are pending to be passed by the parliament.
Over 11,000 encroachments on pastoral land in Gujarat
Apr 02, 2014
GANDHINAGAR: Despite Supreme Court's order to clear encroachments and restrict sale of pastoral (gauchar) land, Gujarat still has more than 12,000 cases related to illegal possession of pastoral lands.
Survey on green real estate sector 2014
Apr 02, 2014
AHMEDABAD: While construction processes are increasingly adopting environmental improvements, waste minimisation practices and resource inputs, are getting less attention. One of the key objectives of the national mission on sustainable habitat, released by the Indian prime minister in 2008, was to extend the energy conservation building code to new and large buildings, to ensure energy efficiency in a significant way. However, even after six years of its release, the uptake of sustainability pr

Latest Realty News Of State

Realty Talk's