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The real estate in Ahmedabad is growing each day. At the moment it is one of the top and best places to invest in properties like residential, commercial and industrial. As it has been declared as mega city in the last Union Budget, the investments in real estate are increasing each day. Hence, the future progress of investment in Ahmedabad is going to be excellent.
The trend of real estate in Ahmedabad is more inclined towards commercial as well as residential. The Market Potential Value (MPV) of Ahmedabad has been ranked seventh among all the cities in India. There are various real estate reputed companies that have planned for residential projects in Ahmedabad. There is also improvement in the roads and public transportation in the city, which is another reason for development and price high of real estate.
As Ahmedabad offers has good infrastructural base, there are excellent opportunities for commercial development as well. Many retail chains and international brands have opened various outlets in this city, hence retail rental or leasing properties trends is very good. The trend of real estate in Ahmedabad shows that the cost price of residential and commercial properties will rise at a very high rate. Even in future, the demand for property is likely to increase even more cost as it is becoming a industrial and commercial hub in India.
The wider roads facilitate the movement and thus in certain areas, prices have increased more than double as the demand of the property in these areas in increasing. Though the residential properties of Ahmedabad are less compared to the prices in the metro cities, the demand for villas is increasing each day. And the modern infrastructure provides assurance that the investors will definitely get good and high cost profits returns in the long term.
The prices of residential properties have already started going up. Thus the number of residential projects is going up each day. The city’s expansion is boosted due to IT boom and now there is going to be boom is the real estate sector as well. Developers have acquired various projects of companies, IT parks and retail chains/malls.
Commercial property is developing in various areas. As many people shift to this city for their business, they also invest in residential projects. Improved infrastructure and facilities are also attracting foreign investors. This city is now a good option for NRIs who want to get returns in future, as the real estate cost prices are going to go high.
Therefore, if you plan to invest in property, Ahmedabad may be one of the best and most suitable options for you right now and even in the near future.