Buy Residential Property in Ahmedabad In a Locality That Has Everything

In the locality of Bodakdev a large variety of residenTial projects in ahmedabad is available for sale. There is an increasing demand for the large variety of properties for sale at Bodakdev many of which also offer a wide variety of amenities to residents of Bodakdev. Investors find Bodakdev an attractive place to live due to its location and due to the facilities available at the locality.   

Where in Ahmedabad is Bodakdev? 

Bodakdev is located next to the SG Highway a locality which itself has grown in importance as a real estate destination over the past few years. This region includes Judges, Bunglow Road, Sandhesh Press Road, and Ramdevnagar Road, and covers a region nearly as far as Gurudwara Bodakdev spanning a total area of 3 to 4 kilometers.  

   

The Amenities at Bodakdev 

The region that falls within Bodakdev has within its borders nearly every single major bank branch and retail outlet. There are also numerous food outlets at Bodakdev and most major international food outlets have a presence here. Convenience stores, Grocery shops can be found in every corner of Bodakdev. If this were not enough, there is an abundance of malls in this region with a large number of goods for visitors to Bodakdev, or for those lucky enough to live in this prosperous region of Ahmedabad, to buy.   

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Prices of Bodakdev Real Estate 

In Bodakdev the price of residential property is not inexpensive.  A 4 BHK unit here can range between 6,500 rupees per square foot to 7,200 rupees per square foot. The price of smaller and less luxurious properties ranges from 4,300 to 5,500 rupees per square foot.  

Despite the availability of affordable propErty in Ahmedabad at Bodakdev, this region is better known as an upmarket real estate neighborhood due to its prime location and due to the amenities present within the locality. Bodakdev is highly popular among households who are looking for a large living area and spacious apartments. 

Who Invests at Bodakdev? 

Often those who invest in a home at Bodakdev do so because they work in a place that is further on the outskirts of the ring road. Hence buying a house Bodakdev enables residents to enjoy the big city life while commuting with ease to their place of employment. What is unique about Bodakdev is that it is a kind of testing ground where builders iN ahmedabad build to ascertain whether building further on the outskirts of Ahmedabad is as yet feasible or if it is yet not feasible.

Post By Shrikant Sain

 

  

The Up, Down, and Stagnation of Property in Ahmedabad Since 2011

Sales of premium property in Ahmedabad remained steady as the sales of flats in other segments dropped to their lowest level in six years. One of the leading real estate consultants in the country has revealed that the sales volumes of residential properties in Ahmedabad have reach the lowest point since 2011.  

Experts Corner

Real estate experts who work with one of the leading real estate consultants in the world have stated that during the second half of 2015, Ahmedabad property witnessed a recovery of 13 percent in the sales volume of real estate bought and sold when compared to the same period the year before. The trend that began in 2015 continued into 2016 with an increase in sales volumes of ten percent as compared to the first half of 2015. 

Can You Guess What Went Wrong in 2016?

In November of 2016 the government’s decision to demonetize high denomination bank notes brought real estate in Ahmedabad to a stand still. Builders and developers in Ahmedabad chose not announce any new projects and buyers too began to be cautious before choosing to commit to any purchases. Both builders and buyers began a wait and watch approach as post demonetization the markets grew uncertain. 

The Curious Case of Luxury Houses

Unexpectedly the volume of luxury property in Ahmedabad priced at one and half crore’s did not drop.  The number of luxury flats in Ahmedabad that were bought and sold remained steady and performed relatively better at the end of 2016 than did houses in other housing segments. Localities such as Ambawadi, Navrangpur, Prahlad Nagar, Vastrapur, and Satellite were the backdrops of numerous new projects during the past six months. Hence while the sales on houses in most segments fell dramatically post demonetization, the sales of luxury flats in Ahmedabad remained buoyant despite the ban on high denomination bank notes. 

New Launches Dipped

The number of new launches in the second half of 2016 was only 1,200, a fraction of the 4,000 new units launched in 2011. Almost fifty percent of the new launches at the end of last year were in the northern region of Ahmedabad. Localities such as Chandkheda, Ognaj, and Gota were the backdrops of a large number of new launches over the past six months. The second place in sales volumes of new launches in Ahmedabad goes to the west zone of Ahmedabad where 18 percent of the new launches were announced. Pertaining to property in Ahmedabad’s south region, new launches here have fallen drastically as builders in Ahmedabad here are still trying to offload inventory.  Even though 80 percent of the units among the upcoming projects in Ahmedabad in the southern region are priced below 25 lakhs, buyers are being cautious before investing here. 

Post By : Shrikant Sain

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