Dubbed as the automobile
capital of the state of Gujarat, Sanand is the location of the TATA plant
manufacturing the Nano. The Ford Company too has a manufacturing plant at
Sanand.
Property
in Ahmedabad at Sanand is relatively inexpensive when compared to other
localities of the city. The average price per square foot for an apartment here
is lower than 2,000 rupees per square foot which is quite inexpensive. Prices
here have been rising over the past 3 years and property at Sanand has
appreciated by close to 19% in that time. A 2 BHK 1200 square foot flat could
be yours at Sanand for as little as 23 lakhs; however Sanand has larger and
more elaborate homes that are priced significantly higher costing several
crores. Such properties typically are 4 to 5 bedroom set homes.
If you require a little more space than a 2 BHK apartment and have
the budget to match, then you could be the proud owner of a 3 BHK 1800 square
foot apartment at Sanand, the unit in question would cost you only about 38
lakhs and the said project is expected to be completed in two years.
Despite what may seem to be a few highly priced properties in this
region of Ahmedabad, Sanand does not have well developed civic services and
lacks fully developed health facilities and suffers from a paucity of schools
in the region. Regardless, there are now nearly 10 developments under
construction at Sanand and with time as larger numbers of families move into
the locality an improvement in civic services in the region is virtually
guaranteed.
To a buyer who is keen to look at some of the Luxury
apartments in Ahmedabad I would ask him or her to look at properties at
other localities like Satellite, however to someone keen to own apartments in
Ahmedabad who is willing to wait a few years for a property to appreciate in
value, Sanand is certainly one part of the city to consider when buying a flat.
Prices at Sanand have appreciated over the past few years and in
all likelihood shall continue to do so well into the future. An added advantage
which Sanand has is the presence of large automobile manufactures which in all
likelihood shall remain at Sanand; such presence over a long period of time is
almost certain to lead to improvements in the quality of life for the residents
of Sanand and an appreciation in the price of property at the locality.
As many new projects in
Ahmedabad are under construction at Sanand, they point to the future
potential of this part of the city and the nearly consistent trend of
increasing property values at Sanand validate this claim. Over time Sanand may
go on to become as attractive a destination for homebuyers as Satellite is
today.
For buyers who are interested in increasing the value of their
real estate portfolio, Sanand provides an attractive means of doing so. It is
part of an industrial region in one of the most important real estate markets
in the country, the future of real
estate in Ahmedabad could not be brighter and with it that of Sanand.
Thank you!
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