Know Why Ahmedabad's Satellite Is A Promising Real Estate Market
Satellite is one of the most prosperous areas in the heart of Ahmedabad city. An expansive locality, Satellite is situated in the western part of the city. The Sabarmati River cuts off land from rest of the city, and thus gives it a distinct identity. Satellite is among a cluster of well-known localities such as Vastrapur, Vejalpur, Bodakdev, Jodhpur and Prahlad Nagar. Satellite is a key contributor to the Ahmedabad real estate market, and has a good mix of properties including commercial space, retail space, affordable housing as well as high-end villas and apartments. Satellite has successfully won the hearts of home buyers in Ahmedabad as well as buyers across India, because of its superb transportation network, and as it is centrally located.
Here is PropGuide's analysis of why Ahmedabad's Satellite is a happening real estate market.
Smooth connectivity
It is easy to commute from Satellite to most parts of Ahmedabad via road and rail. SG Highway is an important route that links neighbouring regions viz. Bopal, Thaltej, Gota and Sola. Municipal Transport Services provide excellent public transportation to Satellite. The nearest railway station is 10.1 kilometres from Satellite, while Sardar Vallabhbhai Patel International Airport, the nearest airport is at a distance of 16.1 kilometres.
A recreational hotspot
The location is well-equipped with excellent recreational facilities including clubs. Karnavati Club, Rajpath Club and YMCA Club are a few of the popular clubs in this locality.
High-class living experience
Strategically located, Satellite is known as an upmarket residential township, and is undergoing development at a rapid pace. Owing to great demand, upcoming properties in Satellite sell at a high rate of Rs. 6,912 per sq ft. A contemporary 3 BHK apartment is available at a price of 1.37 Crore whereas price of 4 BHK apartment is worth Rs. 3.24 Crore. Housing prices have risen by 58.6% in the past 41 months.
Social infrastructure
Most gated communities in access to good infrastructure in the vicinity.
Healthcare centres: SAL Hospital, ABC Surgical and Medical Hospital, Astha Ayurvedic Clinic, Shreeji Maternity Hospital and CIMS Hospital.
Prominent educational institutions: Kameshwar School, International School, Asiatic School, Happy Feet Prep School, Shri Narayan Guru Vidyalaya and St Meera Institute of Management and Technology.
Retail spaces: Iskon Mall, Satyam Mall and Star Bazaar, all of which are at walking distance.
Upcoming housing properties in Satellite
Nishant Construction Ratnaakar Halcyon: Launched in Feb'16, this under-construction gated complex offers 96 units of 3 and 4 BHK apartments of sizes that range from 2,079 sq ft to 3,915 sq ft.
Nishant Construction Ratnaakar BeauMonde: Beaumont is an under-construction, thoughtfully designed gated community. It is an ultra-luxurious project in Jodhpur Village, two kilometres far from Satellite. It has 70 units of premium 4 and 5 BHK homes of sizes ranging from 3,915 sq ft to 5,130 sq ft. Equipped with lavish amenities, BeauMonde promises a dream lifestyle for buyers.
Savvy Sierra: Sierra is a smartly designed, newly launched residential complex near Satellite, at Prahlad Nagar. Situated in a posh locality, the property is spread over 3.09 acres, and offers modern 3 BHK apartments with luxury fittings. The sizes of housing units range from 1,880 sq ft to 2,375 sq ft. The property has excellent facilities. The social infrastructure in the neighbourhood is also quite good.
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