The above mentioned factors along with the others have made Gujarat as an investment hotspot. Particularly talking about Ahmedabad and Vadodara, then they can be considered as the lifeline of Gujarat and heart of realty investments.
Talking about the obvious reasons behind the growth of Ahmedabad and Vadodara's real estate market include the booming industrial sector and overall high rate of development in these two cities. Further, both the cities are rich in textile, pharmaceutical and chemical industries. Apart from being well-established education centres, Ahmedabad and Vadodara have also established themselves as major IT, ITeS and retail destination. In addition, the two cities have impressive infrastructure with consistent supply of water and electricity. Owing to these factors, a number of companies are choosing Ahmedabad and Vadodara as their base over other cities in the Northern as well as West India, thus, fuelling growth of residential as well as commercial development. Looking at these factors, the residential (including affordable and luxury) real estate market is set to gradually improve with generation of more and more employment opportunities in the two cities and people migrating here.
Thus, realty market is flourishing in all the four corners of the two cities. One can see new flats, apartments, serviced apartments, bungalows, penthouses and township properties cropping up all over the two cities. It is interesting to note here that this growth is not only restricted to areas within the city limits but even outskirts are expanding and smiling. Why only outskirts? Now the industrial areas are also glowing and positioned as next big housing destinations.
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