Vaishnodevi Circle for Affordable Real Estate in ahmedabad

An increasingly popular destination at which to purchase real estate in Ahmedabad is Vaishnodevi Circle, the locality lies nearly central to both Ahmedabad and Gandhinagar and is a popular real estate destination for homebuyers keen to purchase apartments in Ahmedabad. As the locality is situated near the SG Highway which is itself the backdrop of a great deal of real estate development, Vaishnodevi Circle is center stage to a number of affordable upcoming projects in Ahmedabad.

For homebuyers with a limited budget, Vaishnodevi Circle offers the opportunity to own real estate in Ahmedabad priced close to 50 lakhs. Homebuyers here can purchase a 2 bedroom apartment for a little over 35 lakhs, the size of the flat in question is a little more than 1000 square feet and the value of the development housing the flats has already appreciated by 20 percent over the past 40 months.

Though many experts claim that real estate in Ahmedabad is driven largely by investors and less by end users, this dynamic may be slowly shifting in favor of end users as localities such as Vaishnodevi and others clustered around the SG Highway gain in prominence. Projects in Ahmedabad at and near the SG Highway offer buyers a wide variety of homes and much of the property in the locality is inexpensive and largely a good investment due to good connectivity with the large center of commerce Ahmedabad, and the seat of power and state capital Gandhinagar.

Vaishnodevi Circle scores encouragingly on the livability index and has good physical and social infrastructure making it an attractive and affordable destination for end users. As the locality is a node of the larger city, Vaishnodevi Circle may offer less variety to buyers keen to own luxury apartments in Ahmedabad. Though such developments are present at the locality and many units at such developments are priced as luxury apartments are expected to be priced, the locality may be better known as one more accommodative to buyers keen to own affordable apartments in Ahmedabad. However the scale of the luxury apartments at Vaishnodevi Circle deserves a special mention as much of the luxury apartments at the locality are spacious when compared to those priced similarly at many other developments across the country.

Perhaps the resilience of real estate in Ahmedabad is well reflected by the rise in the value of apartments at Vaishnodevi Circle, the same have appreciated in value by nearly 12% over the past 3 years and thought the rise in prices has been less  gradual, rather tending to sudden upward spurts in price, considering that it is a relatively inexpensive market with price per square foot at less than 3,500 rupees it may peek an interest among end users as well as speculators due to its widely acknowledged popularity as a upcoming real estate destination.

There are today over 20 development at Vaishnodevi Circle that are either completed or in various stages of development, the locality may be one of the few upcoming developments in Ahmedabad where there are a larger number of developments under construction than are currently standing. If real estate in Ahmedabad is a sellers’ market, then such a larger proportion of upcoming developments may bode well for the locality.  

Real estate in Ahmedabad witnesses increasing Demand

Ahmedabad, the capital city of the state of Gujarat, also touted to be the seventh largest metropolis of India enjoys a robust realty market too. Ahmedabad is mostly known of its cultural ethos and magnetic charm. There are many other factors that have significantly contributed in the growth of real estate in Ahmedabad.

Affordability
The capital value for the real estate here in terms of the residential property is any time affordable than many other cities or state in the country. This is the reason that a good number of buyers and end users are showcasing their interest to invest in Ahmedabad property.  Affordable housing scheme Ahmedabad has also brought  a fresh wave of positivity amongst the buyers.

Connectivity
The major highlight of real estate in Ahmedabad is the robust connectivity which the city enjoys. It is well connected, internally as well as externally through its elaborate transit systems which further unlocks its commercial value. Due to its strategic location, the city enjoys great access to Mumbai and Delhi via both the railway line and national highway. Presence of a good number of acclaimed educational institutes pull students crowd from every corner of our country. Besides educational institutions, the socio-physical infrastructure is also well within the reach. The city is well connected to road, rail and air.  Availability of  Ahmedabad Airport, railway lines  and bus-stands has made connectivity easier within and outside the city.

The presence of the  robust social infrastructure with a good number of hospitals, colleges and much more attracts the investors a well as end users.  Strategic location of residential properties are also driving investors towards real estate market in the city. Increased investment by NRIs and migrants has also spurred the value of Ahmedabad property

End-users: A whopping growth pace experienced in the industrial sector, backed with a significant increase in population has resulted in increased demand for housing in Ahmedabad.  The end-users are giving the required momentum to the property market of the city.  Luxury apartment in ahmedabad has given the required momentum to the real estate market in the city with a whopping demand. Due to migration of huge number of people into the city, increased job opportunities due to   presence of several giant IT firms,  multinational corporations and blue chip companies many people are looking forward to invest in Ahmedabad in property.

Captured below are two major residential hotspots in Ahmedabad.
SG Highway
Sarkhej-Gandhinagar (SG) Highway not only connects Ahmedabad to Gandhinagar but also offers excellent and uninterrupted connectivity to various parts of the city. In the present time, a spate of development both in industrial and residential sectors can be seen in the areas  located along this highway.

Property prices around SG highway is also expected to rise in near future and fetch greater returns.
Availability of several promising residential projects at affordable prices have also spurred the demand in this area.

Thaltej
Thaltej is touted to be one of the prime residential areas of Ahmedabad, situated in between SG Highway and Sardar-Patel (SP) Ring Road. The major highlights of this place are less traffic, peaceful environment and affordable prices. Situated away from the horn blares of the city, this place provide utmost serenity and tranquil living.
These two hotspots have greatly contributed in changing the demand dynamics of real estate in Ahmedabad.