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.
source:http://content.magicbricks.com/is-it-the-right-time-to-invest-in-ahmedabad-market
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