Gujarat Real Estate Catching The Pace

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Gujarat known as the most industrialized state in India, Gujarat is known for its rich culture and has a population mix of a professional and business. It is a home to known cities including Ahmedabad, Rajkot, Bhavangar, Champaner, Mandvi, Jamnagar, Surat, Gandhinagar, etc. Although, the state sees a lot of tourists every year, but it is still to open its account on tourism circuit.Gujarat has made rapid progress in real estate and financial services. The state has high affluence and its potential is now recognized by several brands and organizations as being a large market to address.

The transformation of Gujarat has been slow and steady but today anyone visiting the state can see large, glitzy buildings and malls in place of the age old back housing and office infrastructure. Gujarat has excellent development prospects and growing by leaps and bounds in property market but will need to demonstrate over several years that it can maintain pace.

Upcoming Cities in Gujarat

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Jamnagar is a known place in state of Gujarat and is witnessing a real estate boom of sorts, driven by a whopping investment over Rs 45,000 crore being made in refineries and development of Special economic zones (SEZs). The stretch Jamnagar and Jam-Khambhaliya is attracting the interest from prominent property developers. As far as construction activity is concerned, it is high in the stretch of Sikka till Moti Khavdi and beyond at Vadinar.

Major developers such as Parsvnath, DLF and Rahejas are eyeing at plots in Jamnagar for real estate development.

Day by day increasing employee requirement is pushing up rental and real estate capital values. Rentals at prominent locations like Ahmedabad or Jamnagar can range from Rs.8,000 to Rs.15, 000 per month for 2/3 bed-room units, while purchase prices for the same can range in between Rs.16 to 25 lakhs.

In Jam Khambhaliya, one can find rents ranging from Rs 4,000 to Rs 8,000 per month for a 2/3 bed-room property, while capital values range from Rs.8 - 15 lakh for the same.

Sky scraping buildings are next to come up in localities such as Park Colony, Saru Section, Patel Colony and Khodiyaar Colony. Premium developments are coming up in the east and south of the city in the Rajkot and Lalpur Road. It seems that Gujarat real estate boom assumes a distinct dimension owing to the subjective needs of its population and their lifestyles.

Indianrealtynews.com brings you a comprehensive study presenting the hot property locations across Gujarat within the table given below.