1 Oct 2012

Is it the good time to invest in Ahmedabad market

Propelled by economic and infrastructure growth, Ahmedabad real estate market continues to be a high yielding market for buyers and investors.  As per data available with MagicBricks.com, while properties in the city have yielded 2.8- 4.0 per cent on investment over the past one year capital values have also appreciated in the range of 9-13 per cent in the past one year.

With the capital appreciation of over 10 per cent, localities like Vejalpur, Bopal, Vastra Pur and Bodakdev remain the favourite among the investors, buyers and end-users.
Even investors, who want quick returns by selling over a short-duration, have made profits, as the city has yielded 2-6 per cent consistently over the corresponding quarters.

The Ahmedabad real estate market offers something to each category of buyers. Comprising of affordable and luxury properties, it offers a number of options in the multi-storeyed apartments’ space in the price range that starts from Rs 22 lakh and goes as high as Rs 3 core.
According to MagicBricks.com data, demand for properties is maximum for properties in the range of Rs 30 to Rs 60 lakh.

Looking at the appreciation potential, several local as well as national-level real estate developers have entered the Ahmedabad market and announced housing and commercial projects.
Some other projects offer plots and villas too. Delivery should not be a concern for buyers, as the MagicBricks data shows most developers have promised to give possession of their projects in the next 18 to 24 months.

The city is witnessing good supply of multi-storey apartment projects that would cater to the ever increasing housing demand emanating from the increasing workforce of the city.
Apart from SG Highway, which offers both residential as well as commercial properties, areas such as Thaltej, Satellite, Bopal, Thol-Kadi Road are some other prominent areas witnessing primarily residential developments.  Prahlad Nagar, Bodakdev and Vastrapur are some other areas having good appreciation potential.


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