India's 6 Promising locations for Property Investors

4) Gorwa

Where: Vadodara, Gujarat

Gorwa in Vadodara is a mix bag of residential and commercial properties. This area is located on the popular Bhailal Amin Road in Vadodara and is in close proximity to several other towns in the district. Narendra Modi, the Chief Minister of Gujarat is planning to put up a foreign trade centre in Vadodara by 2015.

Gorwa is witnessing property price appreciation by 8-12 percent year on year basis. Therefore, it is emerging as a promising location for investors to park their investments. Social infrastructure and connectivity are also good in Gorwa as Vadodara, Goya Gate and Vishvamitri railway stations are in close proximity. This area attracts buyer’s attention because of the famous Gorwa Lake, which lies in the city-centre. Also there are other locations in and around Gorwa which are well developed residential areas, such as Alkapuri, Old Padra Road, Gotri, Nizampura, Vishvamitri, Vasna and Karelibaug.

An average flat in Gorwa will cost around 4000 per square feet against 3200 per square feet in 2011. This area is witnessing lot of potential due to the ongoing development and the upcoming Vadodara-Surat National Highway which is likely to be ready by the end of this year.