Which are the pocket friendly real estate destinations in Ahmedabad?

How well is Gujarat’s realty scene developing? The realty sector is this Indian state is shifting its focus from Ahmedabad and is currently spreading its wings throughout the state. The insurgence of various commercial set ups, pharmaceutical industries and textile industries are ensuring that many pockets like Surat, Rajkot and Vadodara are thriving. The proposed housing schemes are pushing many government bodies like the GHB (Gujarat Housing Board) and the AUDA (Ahmedabad Urban Development Authority) to create many options for all the prospective home buyers. Why are real estate developers in Gujarat concentrating on the creation of affordable homes? The growing industrial belt is attracting a pool of both skilled and unskilled professionals who are showing a keen interest in residing here. And with the state government promising on working towards creating various affordable housing units – reputed real estate players are entering the market and are announcing residential projects that meet the needs and demands of many LIGs (Lower Income Group individuals) and MIGs (Middle Income Group individuals). Property developers are now purchasing properties in Ahmedabad only to create modest ventures. Homes here are estimated to cost anywhere between INR 10 lakhs and INR 20 lakhs. Apart from this, the conversion rate for economical homes is higher when compared to luxury homes, so builders are tapping into the demand and are creating various organised multistorey buildings that offer cost efficient homes. Which the pocket friendly real estate destinations in Ahmedabad? In the past few years, Ahmedabad has witnessed tremendous growth and has become a city that is bustling with a lot of construction activity. Providing homes ranging from affordable to mid-segmented to even premium projects- Ahmedabad is fast becoming a realty hotspot. Some of the active localities that are brimming with various realty options include Gota, Bopal and Mani Nagar.Apartments for sale in Ahmedabad are priced between INR 2,100 and INR 3,600 per square feet. The perfect blend of both commercial and residential spaces makes these vicinities the most preferred realty hot spots. Its seamless networking and the presence of educational institutions and health-care facilities make these areas ideal investment destinations. Which are the factors that are influencing Vadodara’s real estate scene? Rapid urbanization and steady physical development are two factors that are helping Vadodara’s realty sector. In the past few years, the city has resurfaced as a bankable realty destination, and is thereby attracting many potential home buyers and investors. An array of multistorey apartments have mushroomed in areas like Fatehgunj, Akota, Gotri and Vasna. Various suburbs like Ajwa, Sevasi, and Pratapnagar are dotted with many independent homes and villas.Properties in Vadodara are expected to cost anywhere between INR 1,900 and INR 4,150 per square feet. The continuous developments along the industrial front too is playing a pivotal role in helping the city’s realty market boom. Where can I find affordable 2 BHK homes in Rajkot? Realty developments in Gujarat are pushing boundaries and spreading evenly throughout the state. A city that is currently resurfacing as a sought after realty destination is Rajkot. The introduction of many IT/ITeS companies and their employment opportunities are luring many to invest here. And with IT professionals showing a keen interest in owning smaller homes, various localities are now dotted with many projects that offer 1 and 2 BHK homes. Vicinities like University Road, Kalavad Road, Yagnik Road, Ambika Park and Vardhaman Nagar are highly recommended. On an average, an 800 square feet apartment in Rajkot is cited to cost a minimum of INR 25 lakhs.