How Job Creation Lead to Increased Demand For Homes in Ahmedabad?

Availability of employment opportunities in any city is one of the biggest contributors in property demand there. Be it residential property or commercial property, job creation has a direct impact on the real estate market of any city.

Gurgaon and Bangalore are biggest examples of cities that grew rapidly just because of career opportunities available there. One new name in the list of cities growing due to job opportunities is Ahmedabad. Builders and developers in Ahmedabad are launching new projects every now and then to meet the increasing housing demand here. With the increased career opportunities generated by businesses, the city has become the focal point of interest for builders offering residential housing projects.

Working professionals look for homes close to their workplace for easy access to the office. Developers leverage the situation by launching projects in areas close to commercial hubs. They develop different types of housing projects to meet demands of varied homebuyers.

Not just end-users, investors also find these newly developed areas new commercial hubs beneficial. They search new projects in Ahmedabad to rent them out and get recurring income. Temporary employees have no plans to settle in the city and look for 1BHK and 2BHK rental homes. Property investors use their second homes to as rental property and help the working people find a suitable home.

When launching a project for working class in Ahmedabad, builders have to do a lot of research. They first understand their housing requirements, budget and other preferences to plan a project that fits into their every requirement. It also helps builders to get buyers for their project and sell all the inventories quickly. To meet housing requirements of high-income groups, they launch luxury apartments in Ahmedabad.

To gain maximum profit on the residential projects, both the developers as well as property investors in Ahmedabad should gauge the areas with high job creation. It will help them get an update about Infotech-driven residential demand in the city. 

There are currently policy and market fluctuations in the real estate industry. So, builders and home buyers should also consider these points when considering a residential project.

Post By Shrikant Sain

3 Reasons Renters Should Buy Property in Ahmedabad Soon

Indian real estate market has started the New Year with many positive notes. Infrastructure status to affordable housing segment, low-cost deposits and interest subvention of 3 and 4 percent for loans up to INR 12 and 9 lakh respectively under PMAY are some of the major contributors in improved market. Looking at the benefits of these announcements many builders in Ahmedabad and other major cities have launched many projects.

This is equally beneficial for the builders as well as home buyers. People, who have been living in rental homes for years and planning to buy property in Ahmedabad, can translate their dreams into reality now. Now you must be thinking about the right localities to buy home. So here are the top three areas where these moves by the government will prove to be more beneficial.

Localities with high rental yields

Buy vs rent calculators of different market experts suggest that buying a home is a better option now than renting a home. Though high rental yields seem more interesting to have rental properties, when you look at the low-interest rates, buying a home seems more profitable. The localities with 4% rental yields have properties at an interest rate as low as 7.75%. So it is better to buy a home there.

Upcoming localities with more affordable homes

The Pradhan Mantri Awas Yojana (PMAY) scheme giving home loan at just 5% interest rates makes it a better option to buy a home than renting it. Further, an affordable housing scheme in Ahmedabad makes it easier for people to arrange money for a home. People usually stay away from investing money in budget homes due to their location in outskirts of the cities. However, some initiatives by the government to help people get home in central locations will boost the sale of affordable homes.

Localities with a clash of dropping prices and higher rental yields

Among all these changes, some localities have seen falling prices at a pan-India level. Now if you look at the price of buying apartments in Ahmedabad and the rental yields, you will find it better to buy a flat.

The real estate market hasn’t yet reached the perfect state. However, the government is trying to win the confidence of the buyers; it will take some time to improve the sentiment.

Post By : Shrikant Sain

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