Buying Property in Ahmedabad appears to be a frugal investment.

Ahmedabad is the largest city in the State of Gujarat and one of the top ten largest cities in India. The city is located on the bank of river Sabarmati. Ahmedabad is located quite strategically in close proximity to the financial and commercial city, Mumbai.

Ahmedabad is a booming city. Being the cultural capital of Gujarat, the city holds a magnetic charm and invites many investors to buy property in Ahmedabad.

It is very well connected to other important cities in the State and the country. Since Ahmedabad is the commercial capital of the State of Gujarat, its connectivity to port cities of the State plays a very crucial role in the economy. Ahmedabad is already a very important center for trade and commercial activities in Western India. The workforce in the city is basically constituted of people from other parts of Gujarat and neighboring states. Apart from that the city also has a very well established textile industry. Being the commercial capital of the state, the city is driving top builders in Ahmedabad to launch their projects.

Ahmedabad is home to several public and private sector companies and multinational firms. Several pharmaceutical, chemical and IT companies have their bases in Ahmedabad. Other than these, the automobile, oil and natural gas industries are also shifting their focus to this city thereby developing at quite a fast pace. This has fuelled the demand with more number of people interested to buy property in Ahmedabad.

The city has some of India's best educational institutes which attract the best brains of the country. Thus, there is no paucity of skilled workforce in the city. Also, all major public and private sector banks have branches in the city. The city also offers world class health care facilities to its residents. All these factors attract the top builders in Ahmedabad to come up with their promising projects. Also, the cost of investing in Ahmedabad is much lower than other metropolitan cities which further adds to its attractiveness.

The government of Gujarat is taking adequate measures and also investing heavy amount on improving the overall infrastructure of the city. Other development plans for the city have contributed to improved roadway networks and telecommunication. The Gujarat government has announced a number of incentives and policies to attract investment in the city of Ahmedabad. The administrative set up of Gujarat is proactive and takes various initiatives from time to time. The process of investment in the city has been made very transparent and easy. Due to the initiatives taken by the Gujarat government, the city is now witnessing a constant stream of investors.  Ahmedabad is growing at a very good pace and sky seems to be the limit. So, investing in Ahmedabad property seems to be a frugal decision with affordable prices and hosts of benefits. The city also offers a tranquil living away from the horn blaring city mundane.

Localities of Ahmedabad

As the largest city in the most prosperous state in the country, Ahmedabad has a great deal going for it. It has excellent infrastructure as well as a standard of living that is higher than the national average, although the city may not yet have the allure of cities such as Bangalore and Pune; it does have an identity of its own as a city with good schools and plentiful modern industry.

An attractive location for homebuyers keen to own property in Ahmedabad is Thaltej, located in western Ahmedabad. The price of property at this western part of Ahmedabad appreciated greatly over the past few years only to now settle back down at slightly below 4,700 rupees a square foot. Thaltej has a large number of luxury housing developments with many units priced between 1 and 2 crores, most units priced at this range consist of 2 to 3 BHK apartments.  For buyers who are keen to own luxury villas in Ahmedabad, Thaltej is an attractive option with a wide availability of 5 BHK villas, however some such villas priced at upwards of 5 crores would not be considered inexpensive in any real estate market in the country.

As an attractive real estate destination, over 20 new projects in Ahmedabad are under construction at Thaltej, many in the form of high rise apartments.

The more modest and certainly less expensive locality of Chandkheda in Ahmedabad may be an attractive location for buyers who are keen to own budget apartments in Ahmedabad. Most of the flats at this locality are priced well below 50 lakhs giving some respite to homebuyers who are keen to own affordable homes in Ahmedabad. A 2 BHK 1,350 square foot flat at Chandkheda would cost you only a little over 28 lakhs and a 1,600 square foot 3 BHK flat here could be yours for approximately 40 lakhs. The price of property at Chandkheda has appreciated slightly more than 6 percent over the past 36 months.

Motera, a locality of Ahmedabad a few kilometers from Channdkheda is a slightly more upmarket locality than Chandkheda with numerous apartments priced between 50 lakhs to 1 crore rupees. A good quality 3 BHK flat here by one of the top builders in Ahmedabad could be yours for a little less than 80 lakhs. Motera has a moderately established social infrastructure of schools and hospitals, though not as well developed in regards to such facilities as many other parts of the city, Motera still has the advantage of being well connected with the rest of the city and the infrastructure though not as yet fully matured is heading in that direction.

As one of the leading real estate destinations in the country, Ahmedabad is quickly becoming a destination for homebuyers as well as investors. Property in Ahmedabad is not as exorbitantly priced as property in similarly sized cities such as Pune and Bangalore but is still a great bet for homebuyers as well as investors. With time the real estate market in the city can be expected to scale newer heights.