Ahmedabad, which has recently started leveraging its real estate potential for 'real' now, has some real residential hotspots coming up. For instance, there will be considerable economic activity with the arrival of the Tata Nano project, which will definitely boost the value of real estate in and around the corridor of Sanand.
Drivers
1. Located in an industrial region rich with SEZs.
2. NANO plant coming up.
2. Infrastructure up gradation in process.
4. Good connectivity due to S G Highway ad SP Ring Road.
5. Good land availability.
6. DMIC investment region.
7. Low land prices (Rs. 650 per sq.ft).
Some of the reputed developers active in this region include Pacifica Sahara, Savvy and Safal. Residential units are primarily villas, selling at rates between Rs. 2600-3000 per sq ft.
Prahlad Nagar is another good area to consider. It is surrounded by premium areas; has a high income population and the prices are sill relatively low. It is also close to the new business district on SG Highway and has good connectivity to the core city Rates range between Rs. 2300-3000 per sq ft.
One should also mention the Sabarmati-Gandhi nagar highway which is close to the airport and Gandhi nagar, as well as the upcoming GIFT city and Ecopolis; has good connectivity and infrastructure and will soon see many institute campuses like NID, IIT and DAIICT coming up.
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