A Few Tidbits about Property in Ahmedabad

Ahmedabad Property at Makaan.com

Gujarat's largest city, Ahmedabad, has been the witness to immense real estate activities. Backed by a strong economy, considerable industrial development, and the mighty presence of textile & chemical industry, the city has treaded well in terms of realty development. According to the rating by CRISIL(Credit Rating Information services of India Limited), the city has a number of 5 and 6 tattered projects across its various localities. Ahmedabad properties projects such as Suramya Abode by Synthesis reality and Sangath Terraces by Sangath Infrastructure Pvt. Ltd. are among the 6-rating projects.

Construction of property at Ahmedabad, at present, is not limited to luxury bungalows only, which was the case several decades ago. The realty construction of flats, independent houses, multistory apartments, and villas are in full vogue. The realty boom that this commercial capital witnessed over years has resulted in appreciable increase of prices. Still, the city ranks second in terms of affordability of buying a house. In terms of rental properties too, the city ranks 5th among tier-1 Cities of India. City's average per square feet rate is far lower than that in cities like Delhi, Mumbai, or Bangalore.

Localities like Satellite, Ranip, Bodakdev, SG Road, and Sardar Patel Road are the prime residential areas and have seen a spurt in constructions of residential property at Ahmedabad. Most of these areas have well-developed IT infrastructure and good connectivity to other parts of the city. Currently, a number of realty constructions are taking place over Thaltej and S.G. Road.  

The seekers of 1 BHK, 2 BHK flats in Ahmedabad, one can make a search over online realty portals.