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A mere mention of Law Garden immediately brings to mind the world famous lane selling traditional Gujarati chania cholis and other handicrafts, behind which lies the massive Law Garden, still one of the most popular for morning walkers and children alike.
But it is the area all around this landmark that was one of the first to develop this side of the Sabarmati River. Borrowing its name from the Law College that came up in the vicinity, Law Garden quickly expanded on all sides to include residential and commercial complexes panning from Ellisbridge to CG Road.
House to many government official homes, Law Garden has forever been a posh address. A lot of old elite Gujarati families settled in this area when they first moved away from the pols and built huge bungalows and bought commercial spaces. While this is still the case, the area has off late seen a huge splurge in luxury flats and offices.
There are still two-three old and famous bungalow societies in Law Garden that prohibit the construction of apartments, but the rest have slowly given way to luxury flats. This has seen a huge rise in the number of development schemes being launched in the area and most of these are for 3-4 BHK luxury flats.
Interestingly however, many are also single-storey, low rise apartments that have come up in place of independent bungalows. While flats are available upwards of Rs 1cr, the land rate hovers around Rs 60,000-70,000 per sq yard.
An important reason why Law Garden still commands realty interest as well as a good price is because no matter which side the city extends in, Law Garden will always lie at its heart. Comfortably accessible from the airport and railway station, close to the old city and Sabarmati riverfront, and in-between the main city hub of Ashram Road and CG Road, Law Garden is as centrally located as possible.
This is also why commercial spaces in the area are at an all time high. From commercial complexes to stand alone offices, umpteen big and small companies are located in this belt. Infact according to real estate watchers, commercial interest in the area is even greater than residential interest right now. The rate for commercial land is around Rs 70,000-80,000 per sq yard.
With its old charm, openness, good maintenance and lush greens, Law Garden will remain a viable real estate option in coming years and this may be gauged from the recent development.
Surbhi Sheth, Times Property, The Times of India, Ahmedabad