Popular Residential Localities In Ahmedabad
The Global Residential Cities Index, 2018, ranks Ahmedabad among the top five cities that have witnessed a substantial growth in property prices. According to the report, property prices here had gone up by 15.4 per cent year-on-year in the fourth quarter of financial year 2018. Since the growth opportunity is immense, this property market has become an absolute favourite among investors, globally as well as locally.
In this article, we list five Ahmedabad localities that see the highest demand for residential real estate, and which guarantee handsome returns to investors in case they are inspired to make an investment.
Livability score: 8.7
Average price: Rs 3,389 psf
Bopal is among the well-developed localities in Ahmedabad where rates are comparatively higher. The locality lies close to some of the commercial hubs lying on the SG Highway. Located along the Sardar Patel Ring Road, the locality is the emerging investment hub is connected via the Bus Rapid Transit System (BRTS).
Property profile: Listing on PropTiger.com show investors could opt from 129 projects in Bopal. Of these, 90 are ready for possession, 32 under construction and three are recently launched. These projects offer apartments in configuration ranging between 1BHK-5BHK, with budget ranging between Rs 20 lakh to Rs 2 crore.
Livability score: 9.2
Average price: Rs 2,941 psf
Gota is among the affordable residential markets in Ahmedabad with a well-developed infrastructure. A suburb in Ahmedabad, Gota is surrounding by localities, including Vatva, Thaltej and Nava Naroda. It is one of the emerging real estate markets and well-connected to the Sardar Vallabhbhai Patel International Airport (14.3 km) and the railway station (14 km).
Property profile: Gota has over 80 projects available for purchase. Of these, 60 are available for possession, 19 are under construction and three are recently launched. Apartments in Gota are available in 1BHK, 2BHK, 3BHK and 4BHK configurations, with average price ranging between Rs 19 lakh and Rs 1.17 crore.
Livability score: 9.9
Average price: Rs 2,665 psf
Located in the north of Ahmedabad close to the Sabarmati River, Chandkheda is also one of the most affordable localities in the city. Lying close to the city centre, Chandkheda is surrounded by offices of some of the renowned organisations, including Indian Oil Corporation, Oil and Natural Gas Corporation Limited, Gujarat Housing Board and Indylogix Solutions. The Ahmedabad railway station is 1.5 km from the locality while the airport is 14 km from here.
Property profile: Units in a total of 157 projects are up for grabs in Chandkheda. Of these projects, 116 are ready to move in, 34 are under construction, four are newly launched and three are in the pre-launch phase. These projects offer apartments in 1BHK-4BHK configurations, with average price ranging between Rs 16.7 lakh Rs 1.54 crore. One could also invest in plots here, at an average price of Rs 1.29 crore.
Livability score: 8.8
Average price: Rs 5,110 psf
Thaltej is among the oldest residential areas of Ahmedabad. The area is well-developed and surrounded by various commercial hubs along the SG Highway. The locality has a Metro station of the same name. The locality is also close to the city railway station (12 km) and the international airport (15 km).
Property profile: Thaltej has nearly 90 projects. Seventy-seven of these projects are available for possession, 12 are under construction and one newly launched. Investors can buy apartments in 2BHK-6BHK configurations with the average price ranging between Rs 51 lakh and Rs 8 crore. Plots are available for sale in Thaltej at an average price of Rs 65 lakh.
Livability score: 8.5
Average price: Rs 3,327 psf
The area near Nirma University on SG Highway is one of the key residential markets in Ahmedabad. It has a well-developed infrastructure as the locality houses one of the renowned universities and also, lies on the highway. The area also has a BRTS system. Catering to a large population of students, the locality also has a strong social infrastructure and can be the right property market for investors looking at rental returns.
Property profile: There is a limited supply of projects here with only 24 available for purchase. Of these, 20 are ready for possession, three under construction and one recently launched. Apartments in this area are available in 1BHK-7BHK configurations, with average price ranging between Rs 30 lakh and Rs 7.76 crore.