The real estate sector in Ahmedabad differs greatly from
those in other Indian cities and it has been able to maintain its steady growth
over the last few years. In other cities like Bangalore and Pune, realty prices
have been fluctuating from high to low during the same period. Builders
in Ahmedabad opine that Ahmedabad’s real estate market is more
resilient than in other cities where price fluctuation is very rampant. The
average price of residential units in the city is Rs 3,219 per sq./ft which is
the lowest among major Indian cities.
According to a recent report on the Indian real estate
market, the housing industry in the city has continued to grow by 9% annually.
In other markets like Delhi NCR, Bangalore, Pune, Mumbai, etc. the impact of
various government reforms like demonetization, RERA, and GST was severe and
led to the sharp decrease in price and sale of flats and apartments.
Ahmedabad’s real estate sector is different from other cities
in several ways. Builders here offer luxurious flats and apartments to buyers
that are of high quality and contain world-class amenities and services at an
affordable price. The city has a conducive environment for affordable housing
due to land reforms, quick approval to projects, and ease of doing business.
One of the main reasons behind the flourishing real estate market in the city
is average per-unit cost which is much lower than in metro cities. The average
cost of 2 BHK flats at prime locations in Ahmedabad is almost half of those in
Mumbai and Bangalore.
Observing the potential of the real estate market, many
builders are launching new projects in the city. T Poddar group, one of the
leading real estate developers in Gujarat, has many ongoing and completed
projects in Ahmedabad and Surat such as Shaurya Palace, Riveria Blues, etc. The
group also comes among famous builders in Surat and has multiple
projects in Surat city like Poddar Arcade, Poddar Avenue, Poddar Plaza, etc.
The group offers luxurious homes with world-class amenities at an affordable
price. If you are planning to buy your dream home, then the T Poddar Group can
fulfill your dream.
Nice post and I agree with you as I really believe that builders in Ahmedabad are emerging in real estate market. Thanks for sharing and you can also check luxurious flats in ahmedabad
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