South Bopal Is Ahmedabad's Next Real Estate Destination
What if you can buy a property close to your office? What if you want to buy a home in an area which promises exponential growth? What if you cannot pay too much premium for the home you want?
If you are living in Ahmedabad and working in one of the large corporate offices in the city, you will be one of those lucky few, who can get to live next to commercial offices without paying through the roof. South Bopal property combines the advantages of location, price and growth.
1. Next to corporate hub
South Bopal is located close to West Ahmedabad, which is emerging as a new corporate hub where companies are setting up offices. Though South Bopal is technically on the outskirts of Ahmedabad, it is close to the Sardar Patel Ring Road that facilitates smooth connectivity to the city. The area's public transportation has also been spruced up with buses and other modes.
2. Growth potential
The area connects directly to Dholera, which is part of the proposed Delhi-Mumbai Industrial Corridor (DMIC). Expansion of industries in Dholera and other areas around it, like Sanand, will also ensure that the value of properties in this area steadily rises. The area has already been declared as a municipality, giving it the much needed civic amenities and utilities.
3. Better than neighbors
South Bopal is located close to premium real estate markets like Prahlad Nagar and Bodakdev. However, the new apartments for sale in Bhopal are affordable, as the average price per square feet is around Rs. 3,700. A 3BHK in South Bhopal costs around Rs. 46 lakh, 2BHK costs between Rs. 30 lakh and Rs. 36 lakh. Most 2BHK affordable flats in South Bhopal are targeted at working professionals who look for homes close to their workplaces. Premium and luxury projects in South Bhopal are also being developed. A 5BHK can cost anywhere between Rs. 1.5 crore and Rs. 2 crore.
4. Good inventory
A number of builders have already launched their projects here. Bopal and South Bopal have seen the most number of new project launches in the past three quarters within Ahmedabad. A few developers of upcoming properties in South Bhopal also offer ready to move in apartments that constitute a major chunk of properties in the area. This gives an investment opportunity to both residential home seekers as well as investors who want to bet on the location.
5. Social infrastructure
In spite of it being far away from the city, South Bopal has all the necessary utilities and infrastructure like hospitals, malls, schools and colleges in the vicinity.
(The writer has been working as a business journalist for the last nine years, and has covered beats across banking, pharma, healthcare, telecom, technology, power, infrastructure, shipping and commodities)