Value For Money Options Abound in Ahmedabad's New CG Road

New C G Road is an extension of the bustling road in Ahmedabad, the Chimanlal Girdharlal Road. The location is mainly popular for its busy market and retail shops. Recently, the locality has displayed signs of a hotspot for quality housing, that too for all budget categories. The area is named after Chimanlal Girdharlal who was a renowned businessman of the 1960s. Of late, New C G Road has become an integral part of Ahmedabad real estate. PropGuide analyses the factors that make Ahmedabad's New C G Road a promising investment destination.

A thriving commercial and financial hub

Chimanlal Girdharlal Road is well-known for its corporate offices and retail spaces. The area is also home to stock exchange and mutual fund offices as well as government institutions like BSNL. MM Market is a popular and busy marketplace in the neighbourhood that has gained recognition for its culinary delights- street food and restaurants. Moreover, jewellery shops are the other major attraction in the area. 

Developing infrastructure 

Civic Infrastructure: New C G Road is well connected to one of the oldest commercial road named Ashram Road. ST Bus Stop is a prime link to an effective public transportation network. Sardar Vallabhbhai Patel International Airport is easily accessible from the region. 

Social Infrastructure: Excellent educational institutions are in the vicinity namely Bachpan - A Play School, Divine Child International School and Swaminarayan Gurukool Vidyapith. Anand Hospital, Lifeline Multispecialty Hospital and Jeevandeep Hospital are prominent healthcare centres in the area. In addition, there are high-end shopping malls, restaurants and entertainment options.

Residential realty market of New C G Road

The New C G Road market is chiefly a redevelopment centre which implies that most of the housing properties are in the reconstruction stage. Contemporary homes are coming up in the region that exude luxury features and have the finest amenities.

Lucrative buying and rental options

Luxury apartments in New C G Road are available at an average rate of Rs 3,080 per sq ft. At the same time, buyers looking for houses on rent also have a plethora of options. The average rental rate for the region is Rs 12,093 per month.

Top housing projects

Best ready-to-move-flats in New C G Road are available under a prestigious project named Merlin Group Opal, located at Navrangpura. Extending over an area of 0.37 acres, the property offers spacious 3BHK homes of sizes 2,075 sq ft along with modern amenities such as 24x7 security system and a gymnasium, among others.  

Advance Group Ahmedabad Le Jardin is another prominent residential property which is under construction and houses 166 units of 3 and 4 BHK homes of sizes varying between 2,500 sq ft to 3,550 sq ft. The project is ideal for those looking for a premium lifestyle and comes with several high-end amenities. 

Ellis Bridge which is just few metres from New C G Road houses a beautiful housing complex named Arvind Infra Citadel sprawling over 7.23 acres. The property presents 58 units of 2, 3 and 4BHK homes of sizes varying between 1,313 sq ft to 2,043 sq ft. This under-construction project comprises lavish amenities like a gymnasium, a swimming pool, an intercom facility and a children's play area.