Chandkheda In Ahmedabad Is A Potential Goldmine For Investors, Homebuyers Alike

Ahmedabad, a fully-developed metropolis and a highly attractive business hub, is witnessing remarkable improvement in the realty market. Many urban localities such as Satellite, Prahlad Nagar, Vastrapur and Chandkheda are undergoing rapid development and are offering enticing housing options along with promising commercial spaces. Robust connectivity, efficient infrastructure and flourishing industries are the key growth drivers for Ahmedabad real estate. This time, Propguide explores the factors that make Chandkheda a potential goldmine for investors, homebuyers alike.

Diverse housing opportunities

Ahmedabad, popular for gated affordable housing communities, offers cheap flats in Chandkheda. The city is also seen as a future hot spot for luxury homes and independent bungalows. Whether it is a spacious 1, 2, 3 or 4 BHK living space or high-end villas, there are residential options meeting every family's space and budget requirements.

Robust connectivity

The Sardar Vallabhbhai Patel International Airport is nearly 14 kilometres from Chandkheda, whereas the Ahmedabad Railway Station is approximately 15 kilometres from the town. The Bus Rapid Transit System provides good road transportation to the area. The upcoming metro rail project in east Ahmedabad will further facilitate travelling around this region.

Commercial destination

The locality houses the offices of prestigious commercial establishments namely Indian Oil Corporation, Oil and Natural Gas Corporation Limited, Gujarat Housing Board and Indylogix Solutions. This opens the doors to increasing employment opportunities as well as investment prospects. An IT park is also in the vicinity.

Sound infrastructure

Chandkheda possesses best-in-class infrastructural facilities encompassing:

• Educational Institutions viz. SSRV, Divine Child International School, Bachpan - A Play School, Leaf International School, B S High School, Manikrupa School, Podar International School, Tapovan Vatsalyadham School, Kendriya Vidyalaya, New Little Flower School, Sabarmati Hindi High School and New Gayatri Vidyalaya.
• Shopping Malls: Orange Mall, Vitthal the Mall, Alpha One Shopping Mall, R3 Mall, Central Mall, 10 Acres Shopping Mall and Reliance Mart.
• Healthcare Centres: Netra Jyoti Eye and ENT Hospital, Jeevandeep Hospital, Orthopaedic and Surgical Hospital, Parth General Hospital, Divyajot Eye Hospital and Chitra Hospital.
• Bank Branches: Axis Bank, State Bank of India, Punjab National Bank, HDFC Bank, Central Bank of India, Bank of Baroda, Corporation Bank, Kotak Mahindra Bank and Canara Bank.

Present market scenario

The prices of apartments in Chandkheda are quite economical. The average price for an affordable home in the region is Rs 2,483 per sq ft. A price escalation of 4.6 per cent has been noticed in the past 41 months. Prominent developers in the locality are Sreenath Developers, Lotus Developers, Greenland Developers and Parshwanath Developers. Aditya Elight by Lotus Developers, Metrocity by Parshwanath Developers and Landmark Greens by Greenland Developers are some upcoming residential properties.