Greater Connectivity, Good Leadership to Bode Well For Property in Ahmedabad
As Ahmedabad evolves further, property in Ahmedabad likely to continue remain a hot ticket item much in demand by the current residents of the city as well as looked upon with envy by newcomers to the city. The nature of the city itself proclaims it as a magnet to those who seek better opportunities in the capital of Gujarat than are available elsewhere. As the most important city in the wealthiest state in the country, real estate in Ahmedabad is unlikely to lose its appeal to investors as well. The top builders in Ahmedabad are nearly certainly assured of good times ahead as property in the city remains in demand by executives who reside in the city.
One of the greatest future benefits of living at Ahmedabad is the cities inclusion in the Delhi Mumbai industrial corridor, this inclusion will result a larger number of people to commute to Ahmedabad from other urban centers large or small, quickly and with ease. The benefits which the city shall accumulate from greater connectivity with other parts of the country are bound to result in greater profits for real estate developers in Ahmedabad who can expect greater demand for property in the city.
As the city becomes home not just to more migrant workers but also to greater numbers of skilled technology workers, it is likely to expand outward to cover an even greater expanse than it has been doing for the past decade. Many of the upcoming projects in Ahmedabad are targeted at buyers who are not native born residents of the city, and rightly so as hundreds of new migrants arrive at the city each month seeking greater opportunities for themselves and their families.
Residential projects in Ahmedabad though often not as glamorous as those in found at some regions of Bangalore or even Pune, are often well designed and a symbol of status in the city. The greater connectivity with the New Delhi as well as the rest of India is likely to have a salubrious effect upon all sectors of the city’s economy including the real estate sector. Most likely it may result in a minor increase in the number of new migrants who come to the city every month as well, such newcomers will almost certainly not be the first to purchase luxury apartments in Ahmedabad, rather if they can afford to do so after remaining in the city for a few years are likely to purchase affordable flats in Ahmedabad while all along keeping an eye upon the better housing in the city as a goal to aspire to.
Real estate trends in Ahmedabad have largely been positive for the past several years and are likely to continue to be so for the next few years as well. As the city does not hold a particular distinction in a specialization in one particular industry such as other upcoming cities in the country do, over time it may likely need to carve out a for itself a niche in this respect. The growth model where cities all across the world gain a distinction in one particular industry or segment of the economy has often resulted in great economic benefits to the city and its inhabitants. As yet Ahmedabad has largely failed in this regard, even being second or third in a particular industry is often a good indicator of great leadership with regards to those who govern a city or particular state. Such leadership is likely sorely needed at Ahmedabad today.
