Gujarat is one of the most growth oriented state in India. The prices of properties in Ahmedabad and Surat are at new high. The cities were almost unknown just before few years, now they have become most popular. Both the cities are growing in terms of finance and developing even as career hubs. Simultaneously Number of new businesses, national and multinational companies are ready to invest in these cities as they have seen a bright future in business opportunities. There were times when people wanted to invest in other cities than Ahmedabad and Surat. But the scenario has been improved. Now a day’s people have started investing in these two cities as they look at them as places of new growth.
Western Ahmedabad is comparatively costlier than Eastern Ahmedabad as it is more developed and advanced. But with advancement in Eastern areas dur to BRTS investors have diverted their minds and now they do invest in Eastern Ahmedabad too. In western Ahmedabad the most popular areas are S.G.Highway, Bopal, and Thaltej etc. Builders have shown keen interest in floating schemes of Bungalows, Row houses, Luxury Apartments, Twin houses, with allimanigable amenities. Everywhere there are latest complexes and apartments. Property Melas and exhibitions are always in thing in Ahmedabad and Surat.
While Ahmedabad is the historical city of Gujarat with a rich heritage, Surat is the clean and green city or the port city of Gujarat. Total population of larger Ahmedabad is approximately 6.5million people. Surat too has the population about 4.5million. Surat is being the fastest growing city of India now textile and diamond business have bright future. Other than these two industries, lot more industries are growing up very fast in these cities. So there is no doubt that demand for housing will increase by leaps and bounds. All working class people will need residence/apartments. So investment in residential projects in these two cities will bring huge profit to housing companies or the builders. Housing sector is the most preferred segment in Surat and Ahmedabad. Well known builders and popular property developers who were not interested in building small houses and apartments are now coming up with all kinds of affordable and luxury homes to buyers from all class. Though industrial sector of both the cities are quite well established, the expansion and business with a new vision is going in full speed. As life has become fast and modern, the new generation needs something novel. So for their recreation and entertainment new malls, multiplexes and retail outlets are opening up daily across the cities.
Further people invested in gold and silver or in stock market. But as these markets are as always uncertain smart people will prefer to invest in Real estate. So a common trend among affluent Gujaratis is to invest in a property which will rise soon. In real estate there is minimum risk of cost cutting and they are growing at rapid speed. So many projects are up coming too that will attract higher middle class people to middle class people. Investors from other affluent cities have also seen a great opportunity and flocked in to these cities with their profits.
A cursory survey of new property development schemes in different areas of the cities show a remarkable overall growth. Business centers and malls add to the attraction.