AREA WATCH - Hotspots for homebuyers
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Aug 21, 2016 : The Times OF INDIA

Certain areas in Ahmedabad are always on top in demand for developers as well as homebuyers thanks to their attractive location and prospect for price appreciation

In Ahmedabad, homebuyers and developers have their choices spoilt for a property suiting to their requirements, be it commercial or residential. Certain areas are always on top in demand and their constant property related development witnessed. Bopal, Satellite, SG Highway, South Bopal, Prahladnagar, Gota, Bodakdev, Chandkheda, Thaltej and Maninagar have alwasy been popular localities which are always preferred by buyers.

SOPHISTICATED SATELLITE

Satellite area has emerged as an expensive and well-developed locality of Ahmedabad. It has well-developed environment with commercial complex, educational institutes, recreational clubs, automobile showrooms, multi-cuisine restaurants, theatres, corporate houses, multi-specialty hospitals among others. It is the second most-preferred locality for realty investors and most suited for residential and commercial purposes. Its proximity to Prahladnagar and decent connectivity to rest of the city are two major factors driving people to this area. The capital values of apartment here range between Rs 4600 and Rs 5850 per sq ft. As far as road network, rail and air connectivity are concerned, Satellite has connectivity from SG Highway and 132-foot Ring Road. Bus services are provided by both Ahmedabad Municipal Transport Services (AMTS) and Bus Rapid Transit System (BRTS). It is located 3-km away from Vastrapur Railway Station, 9-km from Ahmedabad Railway station and 15-km away from Sardar Vallabhbhai Patel International Airport.

SG HIGHWAY

Sarkhej-Gandhinagar Highway, popularly known as SG Highway, is the nerve of western Ahmedabad. It has a wider road connectivity towards north. It connects Ahmedabad to capital city of Gandhinagar. Towards south, it connects Vadodara, Bharuch and Surat. Towards west, it connects Ahmedabad with Shaurashtra region and towards its east connects to old Ahmedabad. SG Highway is a connecting hub on the prominent road of Ahmedabad city and a busy spot. At present most of the development both in industrial and residential sector is occurring in localities along the highway. Property prices along the highway range from Rs 2950-3850 per sq ft. Commercial and residential projects offering both ready-to-movein and under construction properties at affordable prices are luring people towards the area.

PRAHLADNAGAR

Commercial set-ups are the major reason behind the popularity of the area. There are several multi-national companies, BPOs, commercial complex, restaurants, eating joints, coffee shops, etc are located in the area. Being one of the well-planned and developed areas of Ahmedabad, SG Highway has all basic facilities such as schools, hospitals, banks, restaurants, malls, etc within the vicinity. The property values range from Rs 4300 to Rs 5900 per sq ft. Upper-middle class and high class people generally buy properties in the area, which is located adjacent to SG Highway and is just 1-km away from Vastrapur Railway Station.

BODAKDEV

Bodakdev is probably one of the most expensive amongst these locations with property prices ranging from Rs 4850-6150 per sq ft. Corporate offices, government offices, residential colonies, commercial complexes are available in the area. SG Highway runs right through the middle of it connecting it to the rest of the city.

Availability of physical and social infrastructure such as wide roads, schools, public transport, hospitals, banks, malls, etc in proximity makes Bodakdev further more favourable destination among home buyers.

CHANDKHEDA

Chandkheda is less expensive and a popular choice of middle income or low income group to buy a property.

Tapping on buyers’ budget and financial capability, realtors too launch such projects which are viable and can grow. The capital values here range from Rs 2300-2850 per sq ft.Apart from having a railway station here (Chandkheda Railway Station), the locality gets its connectivity from SP Ring Road and 132-foot Ring Road.

THALTEJ

Located in between SG Highway and Sardar-Patel (SP) Ring Road, Thaltej is one of the premium localities of Ahmedabad. It connects to other well developing areas of Shilaj and Rancharda. The property prices here vary from Rs 4500-5700 per sq ft. Thaltej is mostly a residential area that is situated away from the hustle and bustle of the city. Less traffic, peaceful environment and affordable prices attract buyers towards it.