Here's Why Investing In Ahmedabad's SG Highway Is A Wise Proposition
Sarkhej–Gandhinagar Highway (SG Highway) is an upcoming real estate hub attracting interest of many investors as it is one of the key thoroughfares in the state that connects Ahmedabad with Gujarat's state capital Gandhinagar. The city is the industrial hub of Gujarat attracting a large working population from all over the state, thus, posing a demand for apartments here. This rise in demand has led to a boost in the number of newly launched apartments on SG Highway and also, in home sales.
PropGuide explores the factors that make SG Highway a lucrative investment market for real estate:
The highway that connects two most important cities of the state — Ahmedabad and Gandhinagar — also, contributes to the major part of National Highway 8C, which connects Sarkhej with Chiloda, Gandhinagar. This strategic location adds to the commercial value of the stretch leading to rise in number of residential projects as well.
The prominent landmarks on SG Highway boosts the investors' expectations, thus, having a positive impact on demand for real estate on SG Highway. Some of the important landmarks here are Gujarat High Court, Sola Bhagvat Vidhyapith, Sola Civil Hospital, Nirma University, ISKCON temple, Vasihnodevi Temple, Shapath V, Karnavati Club, Rajpath Club and HCG Cancer Centre.
In the past 43 months, the property prices on SG Highway have seen an uptick of 4.2 per cent. Though there has been a marginal price drop in the past eight months from Rs 3,642 per square foot in January 2016 to Rs 3,570 per square foot in September 2016, this has only created an opportunity for investors to enter the market.
Real estate on SG Highway
The seamless connectivity that SG Highway provides makes it a real estate hotspot. There are around 287 projects on SG Highway. Out of which 207 are ready to move in, 73 are under construction, five are launching soon and two are new launches. Some of the leading developers here include Arjun Group, B Kesar Group, Avirat Group and Aashray Constructions Group.