Buying a plot of land is not a small investment, especially if the property is located in an emerging city such as Ahmedabad. Ahmedabad has been one of the fastest-growing cities in India, and there are many possibilities of good land investments that can make good revenues of investment or return on investment (ROI). Below is the list of the most prospective areas that could be potentially interesting to invest in and which may provide you with the highest returns on the investment within the nearest future taking into account the current tendencies of the market, as well as the specific significance of every area.
Gandhinagar-Ahmedabad Road
The area between Gandhinagar and Ahmedabad city is most favored for development due to its strategic location and accessibility. This area is fast turning into an IT zone mainly due to the development of such tech parks like Infocity. Buying land here is wise because the development of both commercial and residential property is persistent and offers good returns because of the ever-increasing need for office space and houses.
Sanand
From a sleepy village, Sanand has now emerged as an industrial city mainly because of the Nano plant of Tata Motors and the arrival of many multi-national automobile industries. Thus, the industrial development has brought out infrastructure facilities and enhanced the requirement of homes and commercial buildings. Sanand is near Ahmedabad city and thus has easy access to National Highway 947 which benefits the investors in land.
SG Highway (Sarkhej-Gandhinagar Highway)
SG Highway is reckoned as one of the most preferred locations in Ahmedabad for buying property. It is an important commercial route linking Ahmedabad to Gandhinagar running along the side of malls, business parks, and lavish residential projects. Prolific development and the up-scale nature of the projects and establishments in this area have in the long run pushed the land prices to appreciate thus making SG Highway an ideal area to invest in for higher returns.
GIFT City
The Gujarat International Finance Tec-City (GIFT City) is India’s first operational smart city and international financial services center. As a global business hub, GIFT City attracts professionals and businesses from around the world, creating a strong demand for real estate. Investing in land around GIFT City can be highly profitable as the area continues to grow and draw international attention.
Satellite
Satellite is among one of the most developed and the most preferable regions to live in the city of Ahmedabad. As a home to luxurious apartment buildings, animated shopping malls, and a wealthy cultural life Satellite has a very stable and mature real estate market. The continuous market pull for land and property and the core infrastructural facilities make Satellite the right choice for long-term sustainable development and reasonable capital return.
Bopal
Bopal is a new residential area on the outskirts of Ahmedabad, in which the cost of land is still lower than in the center. As expansion into the urban area persists, Bopal has a great prospect for return on investment. The area has experienced a lot of construction of residential apartments and houses and is gradually gaining acceptance by younger homeowners seeking to build houses that are within the city but well surrounded by nature.
Naroda
Naroda is a part of Eastern Ahmedabad which is in the process of shifting from industrial-dominated to residential. Due to better road connectivity, facility rail connectivity, and cheap availability of land, there is good potential for land investors in Naroda. It enjoys a favorable location near large industrial complexes and the future DMIC or Delhi-Mumbai Industrial Corridor project.
Prahlad Nagar
Another micro location is Prahlad Nagar which is one of the most developed and posh localities of Ahmedabad with predominantly residential apartments and complexes, multinational corporate offices, and an active retail street. The infrastructure is well-developed in the area, the roads are wide and there is a lot of green space and contemporary comforts. This is the best place for investment in the land because of the high rental yield and capital gains.
South Bopal (SOBO)
SOBO or South Bopal is one of the most thriving residential localities of Ahmedabad which is famous for its modern township as well as related lifestyle. It has been experiencing tremendous growth in the recent past, and therefore is one of the best areas for land investment, especially for those focusing on future growth.
Conclusion: Making Informed Decisions
If one has to make a strategic investment in the property, it will be profitable to invest in the land in Ahmedabad. The city’s rapid development and the government’s efforts in infrastructure and development make the real estate market in the city rather promising. All of the territories described above have certain benefits concerning their commercialization, residential attractiveness, or further development opportunities.
You should do your homework and seek advice from real estate professionals as well as in future planning and development of cities. The ideal decisions on investments are always knowledge-based and more so, they are always made after careful planning.
