Real Estate Scenario, Ahmedabad
Ahmedabad is one of the major cities of India. It is the seventh largest city of India and the largest city of Gujarat. It was founded in 1411 by Sultan Ahmad Shah and the name of the city is derived after its founderÃ¢€™s name. It is currently one of the most populated cities of India with the population of more than half a billion.
It has always been the prime administrative center and was the capital of Gujarat for a decade (1960-70). Its prime location along the Sabarmati River has added to its fame. It has been consistently developing since Independence of our country and has gained worldwide exposure.
The Real Estate Sector in Ahmedabad is growing at a fast pace due to the advancement that has been incorporated by the central and state Governments.
It has well-organized municipal corporation that looks after the maintenance of the civic amenities. Sanitary conditions are well maintained here. Electricity is in the hands of a private organization that ensures its constant supply. The water problem of the city has been resolved after the completion of Sardar Sarovar Project.
Efficient Transportation system is the symbol of a cityÃ¢€™s growth. Ahmedabad is well connected to all the neighboring cities by all the means of transport like Air, Rail and Road. It is an easily accessible place from all the parts of the country. This makes it a suitable place to live as well as set up an Industry. Roads of a place reflect their degree of development. The roads of Ahmedabad are well constructed and maintained by the concerned authorities that helps make it a perfect city.
Ahmedabad has become one of the educational hubs of India as it has well-known Institutes like IIM, Mudra Institute of Communications, etc. The Students from all over the country as well as abroad, come to study in these institutes. So, the need for rented houses has shot up. The real estate sector has shown considerable rise since the establishment of various Colleges. The city also has branches of various well-known Schools of India.
Industrialization has always brought along with it advancement and overall growth of a place. Ahmedabad has given space to various developing Industries. A number of IT and Scientific Industries have come up that has contributed to good employment rate of the state. Increasing number of Industries have augmented the need for residential space and well as commercial complexes.
This city is well-equipped with all the medical facilities and has various reputed Hospitals situated here. Having all the basic amenities, Ahmedabad is counted among the top ten cities of India in terms of development. These amenities have facilitated the growth of Real Estate Sector significantly. Seeing the mounting demand of Commercial, Residential and Industrial properties, many Reality Developers and Dealers have brought up their projects here. The prices of the property vary with due respect to its location and available facilities but is reasonable as compare to other metro cities.
The government of Gujarat has contributed largely to its expansion and has invested a large amount of money in various Projects in order to develop the state. Ahmedabad with all its developments still remains the commercial and cultural heart of Gujarat and the Western India. So, owning a property in Ahmedabad will turn out to be a highly lucrative deal.