Ahmedabad
The supply gap in mid-segment residential units in Ahmedabad has reached over 31 per cent. The current emphasis seems to be towards high-end segment in the city. However, despite efforts to focus on the segment, high-end supply gap is also hovering at around 22 per cent, as per the latest report released by global real [...] Continue Reading »
Rapid urbanisation into Ahmedabad has pushed the demand for housing and commercial spaces in the city in the last few years. As traditional localities like SG Road, Bopal, Satellite etc have been saturated, new localities have emerged as realty destinations – Vatva and Narol-Aslali Road. Narol – Aslali vicinity is emerging as the fastest developing [...] Continue Reading »
Gujarat Institute of Housing & Estate Developers (GIHED) have predicted that housing projects in Gujarat may become costlier by 10-15 per cent if rising input costs of material and labour are unchecked. GIHED sought government’s intervention to check the spiraling prices of cement, which they say have risen by Rs 70-85 per bag of 50 [...] Continue Reading »
Ahmedabad is seeing increasing demand for office space. The entry of new ventures from across India and expansion of local industries have propelled the increased demand. Commercial capital values have almost been doubled in last two years while the rentals have become thrice. Organised retail has also grown to an unprecedented extent. The developers and [...] Continue Reading »
Vasna, a residential locality in Ahmedabad is witnessing real estate development and is fast becoming a residential destination. It is around 4-5 kms of vicinity from Sarkhej-Sanad Highway, Ashram Road and CG Road. Industries such as Tata Nano, Vodafone Essar, Reliance, Nirma and Arvind has brought many corporate professionals to seek permanent and temporary residency [...] Continue Reading »
Shortage of lands seems to cease being a problem for building affordable houses in Ahmedabad. 790 acres of land acquired under Urban Land (Ceiling and Regulation) Act(ULCRA) for developing houses for the urban poor and middle class in Ahmedabad had been lying unutilised for decades and now authorities are planning to come up with housing [...] Continue Reading »
Tata Housing Development Co. Ltd and Arvind Real Estate, a real estate arm of Arvind Ltd, on Tuesday announced the launch of the Phase-II of a mega integrated sustainable township in Ahmedabad. The township, “New Haven Compact” spreads over 135 acres. It has been inspired from the architecture of Gujarat and Gujarati way of life [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (Credai) has announced that it will set up an institute in Ahmedabad to impart education and facilitate research in the real estate sector. Credai Institute of Real Estate Research and Professional Studies will come up near Kensville Golf and Country Club near Ahmedabad. The institute, aimed [...] Continue Reading »
Although inventory stock is pressing the prices to go down across the country, Tata Housing has increased prices of its residential spaces by 26 per cent in five months. Tata Housing Development Co Ltd and Arvind Real Estate jointly launched first phase of their township in March, 2012 where they sold 1,090 units at saleable [...] Continue Reading »
The data shared by Cushman & Wakefield (C&W) shows that the capital values of residential property in Ahmedabad has been slower than anticipated. Even the posh areas in the city — Satellite, Vastrapur, SG Highway, and Prahlad Nagar — have grown at an mediocre seven per cent in the last 12 months ending June 2012. [...] Continue Reading »
