Investors Prefer Houses of Rs.30 lakh in Ahmedabad

Investors Prefer Houses of bigimg30 lakh in Ahmedabad

By siliconindia   |   Wednesday, February 29, 2012

Bangalore: Ahmedabad is now observing growth in real estate sector, as the city was going through a volatile market sometime back. Most of the developers have launched their residential projects in the city after the development on SG Highway.  These developers are attracting investors by providing good deals and offering affordable property, as reported by Times of India.

Investors are now expressing their interest to investment on 2BHK and 3BHK apartments in the city within a price bracket of rs30 lakh. Also, investors are looking for areas like SG Highway, Bhopal Road and Gota to park their investments. As per TOI report, most of MagicBricks users are now seeking 2BHK residential houses between rs25 lakh to rs30 lakh in the city.

 According to Shishir Gupta, “Gota will be an area which will see lot of development in future as it is falling on SG Highway which connects it with Sardar Patel ring road too. This makes it a strategic location to invest in.” reports TOI.

Likewise, a local realtor of Shah Estate stated that, “People prefer Gota nowadays compared to Bopal Guma road, as S G highway is witnessing a lot of development than Bopal Road. Therefore, we foresee Gota as the next posh area of Ahmedabad. One can easily get a 2BHK at around Rs 28 lakh and 3BHK for nearly Rs 33 lakh in Guma now. This is supposed to be the right time for purchase, but suggestion is to be careful to pick up any opportunity by March."

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