05
Oct
Real Estate Investment opportunity alert!
Are you looking for a real estate investment whose ROI makes you smile?
Then, let us save you time and introduce a city that is dashing toward becoming the next infrastructural hub of West India!
Ahmedabad, the largest city and former capital of Gujarat, is one of India's most attractive destinations for property investment. The city boasts a rich cultural heritage, a vibrant economy, and a cosmopolitan lifestyle. Not only that, Ahmedabad enjoys attention from many Property Consultants from India because of some of the best educational institutions, healthcare facilities, and entertainment options in the country.
Investing in property in Ahmedabad can offer you several more benefits, but, before that, let’s get an overview of Ahmedabad’s Real Estate market.
- In 2022, the Ahmedabad residential market witnessed a year-on-year growth of 58% in annual demand, while the office market experienced an even more substantial increase of 88%.
- Ahmedabad's residential market saw healthy quarterly growth with 6,194 units launched in Q2 2023.
- The most preferred property type in Ahmedabad is 3 BHK apartments, accounting for 47% of demand and 44% of supply.
- The average price per square foot (psf) in Ahmedabad is INR 4,400 as of Q4 2023.
- The most preferred price segment is INR 4,000-6,000 psf, accounting for 42% of demand and 45% of supply.
- This represents a notable 30% increase compared to the previous quarter, representing a notable 30% increase compared to the previous quarter
- The mid-segment continued to dominate, contributing to 55% of quarterly launches, while the affordable category accounted for 23%.
- The Northern corridor stood out as the dominant area for quarterly launches, housing nearly 50% of all launches. This includes North, Peripheral North, and GIFT City.
There are many factors that can affect the value and performance of your property investment, such as location, property type, market trends, legal issues, economic conditions, and financing options.
We will help you through some of the important facts that you should consider before deciding to invest in property in Ahmedabad.
Ahmedabad’s Real Estate Market Overview
The real estate market in Ahmedabad is one of India's most dynamic and diverse markets. The city offers a wide range of properties for different budgets and preferences, from affordable apartments to luxury villas, from residential plots to commercial spaces.
The highest price psf is recorded in Prahlad Nagar at INR 7,500 psf, while the lowest price psf is recorded in Narolgam at INR 2,150 psf.
The city’s worth has been increasing multiple-fold with projects like The Sabarmati Riverfront Development, The Ahmedabad Metro Rail, and the Gujarat International Finance Tec-City (GIFT City). This means, that Ahmedabad will have a world-class public space, commute facilities, and a state-of-the-art financial hub. These projects are likely to boost the demand and value of properties in Ahmedabad in the near future.
As you explore the vast possibilities of property investment in Ahmedabad, it's crucial to make informed decisions. Factors such as location, property type, market trends, legal considerations, economic conditions, and financing options should be carefully evaluated. To navigate this dynamic market and capitalize on the promising opportunities it offers, it's advisable to seek guidance and expertise from professionals.
Kunvarji, a trusted name for Property Consultants in Ahmedabad, can provide you with the knowledge and support you need to make sound investment choices. Whether you are a seasoned investor or a first-time buyer, Kunvarji's experienced team can assist you in finding the right property that aligns with your goals and budget. Don't miss out on the soaring scope of real estate investment in Ahmedabad – reach out to Kunvarji today and embark on your journey towards a prosperous property investment. Your dream property in Ahmedabad awaits you!
