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West Ahmedabad proves expensive

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Ahmadabad’s realty market is growing at a woozy speed in the past couple of years and some of the industrialists say, growth is partially determined by huge ventures like Sabarmati Riverfront and Gujarat Information Financial Tec-City (GIFT). Flick side of commercial development is that rates of housing lands are high-ceilinged, especially in western parts of the city. People are going towards Eastern Ahmedabad, as accessibility of reasonable space is not a limitation and lands – commercial and housing in eastern parts are half the rate than that in western localities.
Realty studies and management academy, director N.K. Patel said to www.propertykhazana.com that, “Eastern Region can be taken as new horizon for reasonable residential and the land rates in eastern region are almost 50% lower then those in western localities. The better connectivity with western region is mainly through the 200 Feet ring road which also made east as a striking region.”
Realty studies and management academy, director N.K. Patel said to www.propertykhazana.com that, “Eastern Region can be taken as new horizon for reasonable residential and the land rates in eastern region are almost 50% lower then those in western localities. The better connectivity with western region is mainly through the 200 Feet ring road which also made east as a striking region.”
As per to Patel, region demands to many as TP schemes are planned in Vastral, Nikol, Binzol and Naroda and 14 TP schemes are planned in eastern parts of the city. Moreover, 5 malls, 2 hotels & service flats are planned in the region and much of all this is planned for the industrial development in the region.
Uday Bhatt, MD of Galaxy Group said at the www.propertykhazana.com that, “Four main localities Naroda, Khatwada, Odhav and Vatva are linked with eastern region and export and import oriented units are also slowly developing. There is a possibility for hotels and service flats.” Group is constructing service flats and is developing about 2 Lakhs Sq.ft of commercial space and many people have showed interest is renting offices after work on GIFT venture starts. As, people living in eastern part have moderately more income in hand and are between the city’s largest spenders.
It is also reported by the source at the www.propertykhazana.com that Takshashila Realties Ltd. is proposing to launch ‘Nano Format Malls’, each of 1 Lakh Sq.ft in eastern part of Ahmedabad. Company is also forthcoming with malls and residential ventures. MD of the company, Pratik Banker said in a verbal communication that, “We carried out a study in the east and found that people want amenities like malls, multiplexes and hotels and they don’t need to go to western parts.”
Source: NBTVLIVE

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