Rajkot witnesses real estate growth
Gujarat is seeing rapid growth and transition in the real estate sector, which is being reflected in real estate growth in cities like Ahmedabad, Surat and Rajkot.
Rajkot is witnessing growth in realty market and the residential values have been going up consistently. There has been a rise of 8-10 per cent in residential values in the last 9-10 months. The city is becoming the new centre to accommodate IT/ITeS companies which will create more number of jobs and housing demand.
There is a healthy demand for 2 BHK apartments covering 800-900 sq ft and priced between Rs 35-50 lakh. Yagnik Road,Kalavad Road, and University Road are the prime locations which have commanded maximum demand.
The current capital values of apartments vary from Rs 2,500-6,500 per sq ft, whereas new projects fall between Rs 1,500-2,500 per sq ft price range.
To read more real estate news:
Banks cutting down on lending to real estate sector: Knight Frank
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