Thaltej: Promising a bright future in Ahmedabad
Jan 09, 2014
Source : The Times of India


AHMEDABAD: Since the last few years, Ahmedabad’s real estate market is growing at a very fast pace and new areas are being developed due to presence of good infrastructure projects and adequate basic facilities. Further, due to factors like urbanisation, Tier-II cities like Ahmedabad, have become major realty destination. The city is seeing numerous upcoming integrated township projects across the city and suburban areas. No wonder that these new projects have caught the fancy of the investors like never before. As a result, many areas are fast developing in the city.

One of the most promising localities in the city in terms of real estate development is Thaltej. It is one of the posh and prosperous areas of Ahmedabad. This area is best suited for residential and commercial properties. It is almost 15 kilometres away from Ahmedabad airport and 10-12 kilometres away from railway station. There are many hospitals and local markets which are situated nearby. Almost all the nationalised and co-operative banks can be found in this area. Cinema halls, multiplexes, food courts, restaurants and four star hotels are also located in Thaltej. On security front also, there is no problem in Thaltej.

Ayushi Mehta, a resident, says, “The area is growing continuously and the facilities available here are also improving. In past few years, basic amenities like power supply, drainage etc., and traffic, everything has improved. However, the roads are still narrow due to encroachments and haphazard parking but this will also improve in the times to come.”

There is lot of potential in this area which still needs to be tapped. As a result of the availability of all the facilities in this area, a large number of projects have come up here, leading to a tough competition. Further, it is often seen that supply and demand always plays a vital role in appreciating the value of residential properties and the same goes for Thaltej also where the demand for rental property is increasing day by day.

Keeping the fact in mind that construction costs is increasing day by day in this area, it is the right time to invest in Thaltej. Manthan Shah, an investor, says, “Thaltej is one of the best areas of Ahmedabad because it is a little away from the hustle and bustle of the city and yet not very far. Moreover, it is a peaceful area.” Hence, if you want to invest wise or buy a perfect home, then Thaltej can be a good option.

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