Ahmedabad epitomises the growth story of a Tier II city in India. With rocketing prices in prime locations of big cities like Mumbai, the investor focus has shifted to more lucrative options in Tier II cities.
Ahmedabad has leaped ahead of other Tier II cities in terms of growth, because of its development-oriented philosophy and global outlook. With Ahmedabad’s blueprint to create urban and sub-urban assets, the spheres of infrastructure,transport, regeneration and real estate development have witnessed strong and strategic growth.
Watch this video that gives you a complete overview of Ahmedabad today in terms of infrastructure development, Sabarmati Project, City beautification thus making it an urban metropolition city.
The residential markets in Ahmedabad have witnessed an upgradation in planning and facilities. The new projects have introduced lifestyle amenities such as swimming pools, club houses with billiard tables, tennis courts, state-of-the-art gymnasiums, separate entry and exit driveways and basement parking for visitors.
Most of the investments in residential developments are by individuals, though a trend towards corporate leasing is slowly being witnessed here. Many national level developers have started making their presence in Ahmedabad because of an increasing demand for residential, commercial & IT developments. Moreover, according to Cushman & Wakefield, Indian Market Review, “Ahmedabad is dominated by local developers like Safal and Heritage; inspite of interest from national developers, the local developers still hold 90% of market share. Being one of the fastest growing cities, one can realise 40% – 45% returns on an average here.” However, one does not see a major rental market, as the sector is mostly owner-occupied or has investments in holiday homes/retirement homes for NRIs.
From heritage to hi – tech, from community centres to cosmopolitan setups, Ahmedabad is witnessing it all happen fast. Being the financial capital of Gujarat, it is inherently dynamic from the stand-point of trade and commerce, plus the forces of stable governance and a globally connected community are creating grounds for further expansion and exploration.
Unesta is a UK based firm offering India residential sales, property management and commercial investment services to NRIs and PIOs in the UK, Europe and East Africa. We specialize in off plan investments and new build projects only, thus bringing the best investment deals and second homes for NRI’s and PIO’s. We bring projects from reputed developers only who have a track record of quality construction and timely delivery of projects.
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