Ahmedabad’s real estate market has been evolving gradually. When talking about the major home buyers, the market caters to the demand of mid-segment home buyers. The city has traditionally been a cost-conscious market with high demand for affordable housing in Ahmedabad. But in recent past, the city has seen an increased number of luxury projects. Apart from the shift in housing segment, the point to be noticed here is that the demand is increasing at a time when the overall market is showing signals of slowdown.
The reason behind increasing number
of luxury projects by top
builders in Ahmedabad is demand from the non-resident Indians (NRIs).
As per a recent report, almost 52% NRIs are planning to come back to India and
settle here. They further find real estate market a safe and reliable option to
invest their savings. After spending a luxury lifestyle abroad, these NRIs
expect to get the same experience in India, thereby playing a vital role in
growing luxury housing segment.
Difference in new projects
There was a time when luxury projects
used to be defined by merely extra space, but the situation has changed now. New
projects in Ahmedabad are now launched with state-of-the-art amenities
like gymnasium, elevators, lifts, landscapes, personal swimming pool, retail
complexes within the residential complexes and round-the-clock security. The
city already has 2-3 good golf township projects to meet the class and
lifestyle of NRIs. Along with residential projects for personal use, NRIs also
put money in commercial and affordable housing projects as an investment.
Future potential of real estate
property in Ahmedabad
Looking at the ongoing and planned
infrastructure projects, the city can become one of the best luxury
destinations in India. New real estate developments, smooth connectivity to
other cities and ample job opportunities due to growing industrialization
further contribute in increasing demand for real estate property in Ahmedabad.
A number of top builders are coming
up with new projects in Property
to cater the requirements of NRIs as well as Indian home buyers. It gives home
buyers more choices to put in their money and get high returns from it.
Though it is the beginning of luxury
housing in the city, the developers are trying their best to meet the
expectations of high net worth home buyers. There is a lot of scope for the
investors as well who are not able to find the right property in metro cities
like Mumbai and Gurgaon.
Post By : Shrikant sain
Post By : Shrikant sain
For more: propchill.com
Contact number: 7827456456
Email ID: propchill01@gmail.com
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