Prahladnagar: Realty sector on the rise in Ahmedabad
Feb 19, 2014
Source : The Times of India

 

AHMEDABAD: Located in the southwest corner of Ahmedabad, Prahladnagar is a good locality to consider for residential as well as commercial purposes. Talking about commercial properties, after Ashram road, now it is Prahladnagar which is fast developing as a commercial hub of the city.

Slowly and gradually, many existing offices of companies are being shifted to Prahladnagar and many new are also coming up in the area. Not only commercial properties, but even many residential properties are coming up here.

Well-planned

One of the main reasons responsible for the growth of Prahladnagar is that fact that it is a well-planned area formed by the consolidation of four town-planning schemes. Its layout plan is very good and provides proper hierarchy of road and street pattern and distribution of public space and community facilities as per the development plan norms. As per the norms, a large part of the land has been used to build roads, provide social amenities and basic infrastructure to the people living and working here.

In fact, Prahladnagar sets a good example in the history of the process of town planning schemes with its well-planned design, timely implementation and financial self-reliance. Other than basic amenities, new recreational facilities are also developed in Prahladnagar The increase in the number of high-end commercial areas and corporate houses in the locality has prompted even the hoteliers to start their projects in the region.

On a realty growth path

Prahladnagar has a lot to offer in terms of realty. Namita Shah, a resident of Prahladnagar, says, “In last few years, the area has developed a lot. Prahladnagar is well-planned, conveniently located and offers all important facilities to its residents. The area has good infrastructural base and the residential projects offer all the necessary amenities to the people.”

A prominent realtor says, “The high-end residential properties are also attracting the investors. The capital value range on offer for residential and commercial properties in Prahladnagar makes people more attracted towards investing in property here. As a location of property investment, Prahladnagar certainly has good prospects in store for prospective investors. Further, realty in Prahladnagar also promises impressive rental income.”

In a nutshell, the real estate activity has gained momentum in Prahladnagar with big corporate brands and organisations setting their offices in the region. There is a strong sentiment for real estate investments; therefore, Prahladnagar presents excellent prospects of growth.

The property rates in Prahladnagar have seen a rapid increase in the past few years and today Prahladnagar boasts of being one of the most expensive areas in the city – both in terms of commercial and residential realty sectors. Its proximity to SG Highway and good connectivity to the core city also make it an ideal area to consider for living and working.

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