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Ahmedabad realty undergoes a down leap

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As per the sources available with www.propertykhazana.com, the hold up in the demand for the housing properties and bank interest rates are rocketing in the Ahmedabad realty market. The hottest quarterly Residex figures of housing value was listed by the RBI pointed towards on the total immerse of 4% in the realty rates for the quarter of July to September when compared to April to June quarter. But still in few regions of the city has revealed the marginal increase in the realty lists and in Western part of Ahmedabad it has experienced a gush in real estate rates mainly owing to forthcoming car plants on prolonging on the Sarkhej-Sanand and the Metro Rail venture. The exciting feature which is observed in the western region is that the rates have dropped by 9.38% in between January and September 2010.
Reports available to www.propertykhazana.com says, even in the Northern Part of the cities like Buddhnagar, Vishnunagar, Sardarnagar and Saijpur-Bhoga has also recorded the highest boost of 10.77% in rates over the last quarter. Also in the Central Region cities like Bhadra, Wadigam, Gaikwad Haveli, Dudheshwar and Girdharnagar has observed the hike of 7.51%.
Here the realtors say that “Older pol dwellings are being dragged down to make way for 2 & 3 bedroom flats and they are planning to hike the demand for the dwellings among the middle income groups.” Reports also says that NHB has taken 2007 rates as Residex level and 100 points as the standard for all the cities including Ahmedabad and in continuation the hefty fall was observed in South Region which was 26.11%.
Source: NIMMA BENGALURU

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