Ahmedabad is turning into a favourite destination for property investors. Ahmedabad residential and office markets grew 58% and 88%, respectively, year-on-year in 2022. The city has seen the new launch supply of approximately 20,000 new units in 2022
There are several reasons one may consider investing in Ahmedabad real estate:
- Fast-growing city: Ahmedabad is a rapidly growing city in population and economy. This growth has increased demand for real estate, making it a lucrative investment option.
- Strategic location: Ahmedabad is located in the western part of India and serves as a major hub for trade and commerce. Its proximity to Mumbai and other major cities makes it an ideal location for businesses, which drives demand for real estate.
- Affordable prices: Compared to other major cities in India, real estate prices in Ahmedabad are relatively affordable. This makes it an attractive investment option for those looking to buy property at a reasonable cost.
- Infrastructure development: Ahmedabad has undergone significant infrastructure development in recent years, including construction of new roads, bridges, and public transportation systems. This development has helped to improve the overall quality of life in the city, making it a more desirable place to live and work.
- Cultural heritage: Ahmedabad has a rich cultural heritage, with a number of historical landmarks and cultural attractions. This has helped to make it a popular tourist destination, which in turn drives demand for real estate in the city.
Overall, Ahmedabad may be a good city to invest in due to its strong economic growth, low cost of living, well-developed infrastructure, favourable business environment, and large talent pool.