'Real Estate' in Ahmedabad is defined as an immovable property that includes land in the Ahmedabad metropolitan area and anything that is attached to the land like buildings and its fittings.
Real Estate in Ahmedabad is currently undergoing dramatic changes; the development of residential townships, malls,office spaces, flyovers and roads are fast changing the Ahmedabad cityscape. To add icing to the cake, a metro rail service will soon become operational in Ahmedabad city due to the growing real estate in Ahmedabad
According to property analysts, the real estate scene in Ahmedabad at present bears an uncanny similarity to the real estate scene in Hyderabad five years ago ( Report:Trammell Crow Meghraj). The urban planning and implementation of Ahmedabad civic authorities are very effective and efficient-the proof is found in the absence of traffic congestion even when construction all over Ahmedabad continues in full swing. Ahmedabad already possesses three ring roads and the fourth one is already being planned.
The real estate in Ahmedabad is being dominated and developed by private players like DLF,Unitech and Raheja Group. Commercial real estate players like the industrial behemoth Reliance has also commercial projects lined up for implementation in Ahmedabad.
The government authorities are encouraging the growth of six types of mini townships in Ahmedabad:
The demand for real estate in Ahmedabad is much greater than the supply. This translates to 15 to 20 percent increase in property prices in Ahmedabad every passing year. For real estate investors, Ahmedabad is presently a golden fruit to pick and savor.
