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.