These Are Ahmedabad's Most-Searched Properties
There is something intriguing about Ahmedabad and its real estate. Property markets of this Gujarat city, which is also popularly known as the Manchester of the East, not only attract the local crowd but also non-resident. However, the demand for affordable housing remains a consistent feature of property deals.
Based on a recent study by PropTiger DataLabs which took in account consumers preference based on their searches on the website, localities such as Gota, Bopal, Vaishno Devi Circle and Nirma University vicinity contributed to about 83 per cent to the overall residential demand in the city. The study takes into account the data between March 2016 and March 2017.
Also read: Monthly Watch: Home Sales Up 15% in Ahmedabad
Search for affordable
The study shows that Makarba, Vasna, SG Highway, Vaishno Devi Circle, Gota and Bopal, among others, register the highest demand for affordable homes. As far as specifications are concerned, 2BHK variants are a popular choice with most prospective home buyers.
Locality | Budget range |
Makarba | Rs 19 lakh to Rs 1.90 crore |
Vasna | Rs 21.60 lakh to Rs 1.50 crore |
SG Highway and vicinity | Rs 18.8 lakh to Rs 8 crore |
Vaishno Devi Circle | Rs 19 lakh to Rs 2.5 crore |
Gota | Rs 16 lakh to Rs 1.25 crore |
Bopal | Rs 14.30 lakh to Rs 2.34 crore |
Luxury rules in west
Ambavadi and Shela are popular choices among the lovers of high-end lifestyle. Data show all the searches in these two localities are for luxury homes. As far as specifications are concerned, Ambavadi receives 77 per cent for 2BHK units, 15 per cent for 3BHK units and eight per cent demand for 1BHK units.
Also read: Check Out The 5 Most Expensive Properties In Ahmedabad
Shela, on the other hand, receives 44 per cent demand for 1BHK units, 28 per cent for 2BHK units and 27 per cent for 3BHK units.
Locality | Budget range |
Ambavadi | Rs 70 lakh to Rs 4.5 crore |
Shela | Rs 16 lakh to Rs 4 crore |
The combined forces
The study shows that there are over 300 projects under various stages of construction in the city. Of these, 50 projects are either launching soon or have already been launched in the city. Over 1,100 projects are ready for possession or in the secondary market.
Data show that from April 2013 to March 2017, capital values of Ahmedabad property have climbed from Rs 2,640 per sqft to Rs 2,950 per sqft. These are the average value of homes in the city.
What is up?
Certain recent developments are likely to give a boost to the residential property market. These include: