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The real estate sector in Ahmadabad is developing rapidly. Thus Ahmadabad is now a hot property for making sound investments that will give returns in long term at huge rates. The infrastructure in this mega-city makes it even more attractive as an option for those who want to invest in quality real estate property. The boom in the real estate of Ahmadabad is for the past few years and has especially come up at even faster after it has become a mega city declared by Indian government authorities.
Prices of various estates that include commercial and residential property, land and the rental properties as well have increased around four times in the past few years. And there are no signs that this sector is going to slow down. Many SEZs and technical institutions have come up which has also been a factor for increase in the real estate.
Ahmadabad is now being referred to as ‘city of the future’. The reason why we should trust this city as a preferred destination is that has several advantages over other cities. The first reason is that some of the best brains of India were nurtured in the city of Ahmadabad as it has various top rated educational institutions in various fields such as Nirma Institute of Management, IIM, MICA, NID etc. The city of Ahmadabad is also a hub for domestic and international trade, national and international brands and also for entrepreneurs. Thus this has led to improvement of standard of living and also has provided various employment opportunities.
Whether you look at the economic growth or rise in the level of income, Ahmadabad has been continuously improving. Ahmadabad is also known as the garment hub of India. Another advantage of Ahmadabad is that it is close to Mumbai and connected to Mumbai by Highway. Ahmadabad is now a commercial hub and heaven for various traders and merchants.
These are the various factors which have helped in the development of the real estate sector of Ahmadabad. The city which was just place for residing is now the top location for Investment in India. Thus various top real estate companies are coming up with various projects in this city.
As Ahmadabad is the largest city of Gujarat, there are various unused lands that are being used in the various new projects. Thus with so many advantages and best infrastructure, Ahmadabad is one of the hot location for real estate investment.