Economic Growth: 10.1% per annum
Property Prices: estimated Rs 8,083 per sq ft
Population growth: 54.88 per cent over the past decade
Unemployment Rate: estimated 10%
GDP: estimated to be $64 billion
Growth Drivers: jobs in textile and garment industries, strong presence of pharmaceutical firms
Hotspot to watch in 2015: SG Highway, Vastral
NRI real estate investors contemplating property investment in Ahmedabad can expect “growth” – in every sense of the word.
Over the past three to four years, Ahmedabad has developed from being a primarily industrial area to one of the most business-oriented and diverse municipalities in India.
Hailed as one of the “fastest growing cities in the world” by Forbes in 2010, Ahmedabad is set for a population increase expected to bring the total number of inhabitants to over 7.6 million by 2025. From the textile to automotive and financial industries, there are numerous opportunities for jobs that are bringing people into Ahmedabad, and subsequently creating a strong demand for affordable housing here. The government expects the GDP to grow by 6.0-6.5 per cent in 2014, and there are also plans in place to improve the SG Highway and Ahmedabad Municipal Transport Services, both of which are set to contribute to the demand for accommodation.
Between a strong economy, high levels of employment, planned improvements to infrastructure and ample demand for housing, there are many reasons NRI real estate investors would benefit from buying now in Ahmedabad.
Godrej Garden City, behind Nirma University, off Sarkhej Gandhinagar highway, village Jagatpur, Ahmedabad
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Shantigram, CBD Shantigram, Nr. Vaishnodevi Temple, S.G. Highway, Ahmedabad-382 421
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Addor Cloud 9 at Nehrunagar, Near Satellite, Ahmedabad
Premium lifestyle apartments with amenities and features that are extraordinary. This is the only apartment scheme that has seen so much focus on more than a lifestyle. The project has been executed with great emphasis on detailing and living outcomes. Relevant research into the people’s expectations and ....