Ahmedabad's Ghuma Has The Potential To Become A Goldmine For Investors

Ghuma, a neighbourhood in Ahmedabad, is an upcoming real estate hub for both investors and end consumers. The real estate in Ahmedabad is picking up. In the last 41 months, property prices in Ahmedabad increased by 10 per cent. The city's economy and good employment opportunities attract a large number of rural population. This creates demand for localities like Ghuma wherein property at comparatively low rates can be purchased. This along with sound connectivity and good social infrastructure has led to an increased demand for plots and apartments in Ghuma. Here is how Ghuma has emerged over the time as a real estate hub.

PropGuide lists the factors that make plots and apartments in Ghuma a profitable investment.

Access to smooth connectivity

Ghuma provides good transportation facilities to its residents. It enjoys proximity to Sardar Patel Ring Road. Also, at a distance of around 16.9 kilometres (via Swami Vivekananda Road) there is a railway station. The Sardar Vallabhbhai Patel International Airport is at a distance of 33.2 kms. Moreover, the locality is facilitated with good public transport network comprising of low-floor air-conditioned buses. This access to public transport impacts both the residential and commercial real estate of a locality. Connectivity is one of the main reasons behind the increasing demand for apartments in Ghuma.

Comfortable living

The Urban Development Authority (UDA) has recently given Ghuma the status of a municipality. Ghuma offers its residents the comfort of living in a locality that has sound infrastructure. The locality is well-planned with reputed educational institutions, bank branches and healthcare facilities. Even more efforts are made to improve the infrastructure of the locality. The UDA is linking areas in Ghuma to the drainage line. This improving social infrastructure will create long-term satisfaction among investors leading to increased demand for apartments and plots.

Relatively low prices

Despite the growing demand, property prices in Ghuma are comparatively low. This attracts both investors and end users to purchase plots and apartments in Ghuma. This further encourages developers to come up with more projects in the locality. At present, there are around 29 ready to move in apartments in Ghuma.