Highest Real Estate GrowthAhmedabad | admin | April 1, 2010 at 12:34 am
Real Estate is on demand in Ahmedabad. Ever since its inception and majorly since last few years, the growth of Ahmedabad is tremendous. From Bopal to Vatwa, Naroda to Narol, the city is expanding like a bacteria multiplying itself in a night.
Ahmedabad specifically has a lot of Investments locally as well as NRI funding for buying new properties. An Investor normally buys up a property when the scheme is launched by paying the builder in Downl payment in full. Doing so the Builder is benefited by getting 100% amount upfront so does not have to go to a financial institution for getting a loan. Also in return most of the time the investors get upto 20% off on the normal pricing of the property.
With new areas like, Nikol, New Maninagar, New CG Road, Bopal, Gota, etc getting developed it becomes challenging even for the Local Municipality to capture the needs for basic amenities like water and drainage system.
As per the trend, Majority of the home buyers are interested in getting a 2 bedroom Flat / Bungalow which is priced at around 20-50 Lakhs. There was a survey conducted which said that 12% of an average Indian household spends on house rentals.