Ahmadabad - Top Place To Be

By Author: Parshwanath Corporation
Total Articles: 4
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Growth Drivers
Skilled labour, availability of land, quality real estate, low operational costs, good connectivity and entrepreneurial culture are the city's strengths.
The Metro Rail Project is being planned with private sector participation. There are plans for upgrading the highway under a build, operate and transfer scheme. An arterial road network of 155 kms has been identified for Rs 950 crore Bus Rapid Transit System (BRTS) in Ahmadabad.

Residential real estate
With the industrial and commercial growth in the city, demand for residential property is increasing too. The residential capital values in city are around Rs 1000- 3000/ sqft.
The rental values across Ahmadabad's localities have grown on an average by 100% in the last 3-4 months. Suburban and peripheral locations like Bopal, Ambli, Shilaj, Satellite, Memnagar, Vastrapur, Prahlad Nagar, Vasna and Paldi are the upcoming residential development zones.
Commercial real estate
The demand in commercial segment is fuelled by retailers and corporate houses, mainly private banks and stock broking firms. According to media ...
... reports, an astounding 25-40 lakh sqft of office space is expected to be added within a year.
Also the entry of retail giants such as Pantaloons, Reliance has led to an increased growth in the retail arena. A lot of new mall projects are coming up in the city. The hot areas for commercial development include Prahladnagar, Ashram road, C G Road, S G Highway and more.
Future Outlook
Ahmadabad is fast flourishing into a popular choice for foreign investors. The cost of living in the city is still lower than in other Metro's. With an improvement in its infrastructure and other facilities, it is no wonder that many new ventures are looking forward to this city.
Parshwanath Corporation is one of the most respected and diversified in commercial, residential and hospitality real estate development services.