Thursday 20 June 2013

Urbanization Playing Pivotal Factor for Real Estate Expansion in Ahmedabad

The city of Ahmedabad is known to be one among the most emerging and the largest city in Gujarat. This city is successfully known to witness tremendous growth in the real estate from the past five to six years. This city is thereby known to offer the most exceptional returns on the real estate and is thus is known to be the most sought after the investment destinations in the country. Starting from the shopping malls, luxurious apartments, integrated townships as well as hotels, the development in the city of Ahmedabad is processing at much fastest pace.

As the prices are shooting up, hence many prominent investors as well as developers in Ahmedabad are eyeing to set their business over here. Both the residential as well as the commercial properties are gaining high momentum. Vigorous economic growth, growing population, important infrastructure projects, progressive policies as well as the urbanization are the certain factors that have contributed a lot in terms of expanding the real estate rapidly. As this city has always been the industrial destination, numerous industrial developments have been seen to play major role in this city.

With the successive increase in the population as well as the increasing demand for the residential spaces, the New Residential Projects in Ahmedabad were seen to witness an appreciation of nearly 50% in the past two to three years. One such location, i.e. West ahmedabad is highly anticipated in order to emerge as one of the most remunerative residential investment area with high residential properties that are still under construction phase.

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