Residential Price Trends Across India's 14 Major Cities

4. Ahmedabad

164 (Jan-Mar 2012 Index)

167 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

Ahmedabad, one of India’s fastest growing cities is now probing to be an ideal city for real estate investments due to good infrastructure and high- income individuals. The city has got huge potential due to strong economy, developers and investors are on the wheels to park their excess funds in the real estate sector.

Good infrastructures are motivating the developers to launch new residential projects in Ahmedabad. For example, 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.

The city is receiving integrated township and low-cost housing, as Tata Housing Development Company along with Arvind Group are about to launch 1600 crore integrated township project and 8-12 lakh low-cost housing in the city. According to Tata Housing MD and Chief Executive Officer Brotin Banerjee, "We have partnered with Arvind Real Estate (an Arvind textile group company) to develop 135-acre integrated township in Ahmedabad."