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 Home > About Ahmedabad
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About Ahmedabad
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Ahmedabad is the Commercial capital of Gujarat. It boasts of one of the finest Pharmaceutical
companies of India, a huge trading community and long list of entrepreneurs. The
city has a population of around 48 lacs and suburban population of another 20 lacs
making it one key cities of India. The city has been witnessing a new era of commercial
development with the advent of IT parks, SEZs & Ports.
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The city has a domestic as well as international airport. All the other cities like
Baroda, Surat, and Rajkot are well connected with road & rail. Ahmedabad-Mumbai
railway line is one of the busiest and most profitable in India.
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It’s also well connected with Delhi. The city is expanding. The Distance between
Ahmedabad and Gandhinagar is vanishing. Many companies like DLF, JP Infrastructure,
Raheja, and Parshvanath have started their innings in the city. This adds to the
already long list of homegrown developers like NG Construction, Safal, Savvy, Goyal,
Vishwanath, Bakeri, Saumya Construction etc.
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The city has already witnessed around 80% hike in property prices in last two years,
which will continue in this year also. In all senses it seems to be the right time
to make investment in Ahmedabad. The city promises to be a good value creator.
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Ahmedabad is the commercial capital of Gujarat. It has been one of the front runner
cities in industrial development. The city is around 400 km from Mumbai and 900
km from Delhi. It's also near Ports. Major part of developmental projects undertaken
by Government of Gujarat has come their city. The City was once known as the textile
capital of India but it has slowly transformed itself into a diverse portfolio of
products right from Pharmaceuticals to chemicals to Spices to Pens to IT. The City
is witnessing a plethora of reality related activities, its fast catching up with
Mumbai, Pune, Bangalore and Hyderabad. The city at this point of time looks right
for good returns. The following are the contributors…
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- A good per capital income of the city.
- Gujarat on the whole is developing and the driver is Ahmedabad, Gujarat after a
gap of 16 years has become revenue surplus, one of the rarest in India.
- Very good Law and Order situation
- A very good civic Infrastructure, Road, Electicity etc.
- Simplified procedure of Government of India.
- A huge NRI Population
- Investment of Rs. 4.6 crores promised at vibrant Gujarat, majority coming in and
around Ahmedabad
- City taking a lead in development of SEZs.
- Major Investment happening in IT. An IT SEZ from Adani, An IT park each from Adani,
An IT park each from DLF, Raheja, JP infrastructure, Savvy Construction, Safal.
- An Old Port just 80 km away from Ahmedabad is again been redeveloped.
- Reliance, Adani, Raheja, ICICI, TATA have all committed major investment in the
city.
- An Old Port just 80 km away from Ahmedabad is again been redeveloped.
- Many Townships coming up in the city like shantigram of Adani and another scheme
from Raheja.
- City has been well planned by both AMC and AUDA. New Area development has been spearheaded
by AUDA (Ahmedabad Urban Development Authority).
- It is credited for developing new areas in a planned way like satellite, Vastrapur,
S.G. Road, New C.G. Road. The new developing areas have been categorized into R1,
R2, and R3 zone with the right mix of greenery and concrete, the commercial areas
are demarcated.
- Reality has just started peaking. Land prices in some areas have shown more than
100% appreciated by almost 60% and the prices are still rising.
- The reality prices are still lower if you compare to other cities like Bangalore,
Hyderabad, and Pune. A flat in a posh locality could be bought at around 1400 to
1600 / sq. ft. Compared to Bangalore which could be 4000 to 5000 / sq. ft. or Pune
which could be 3000 to 3800 / sq. ft. or Hyderabad at around 3000 / sq. ft.
The Land prices in the developing area could be anything between Rs. 500 to 1500
/ sq.ft. which in other cities is almost unthinkable.
- Ahmedabad is also a very good city as far as safety of the investment is concerned.
There are developers of repute who have been giving clean and right papers of the
property be it flat or plots.
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Click Here To Buy Or Sell The Property
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