Ahmedabad Property
Hilton Group apparently has plans underway to come up with a 5-star hotel in Ahmedabad. The reported move – based on a property under construction in the city – implies that Hilton Group will join some of the other well-known hotel brands in Ahmedabad including Hyatt, and Radisson Blu, Courtyard Marriott, and Novotel. The 5-star hotel coming [...] Continue Reading »
Ahmedabad has topped the list of youngest realty buyers in a joint survey of 10 cities, conducted by the Indian Institute of Management, Bangalore and MagicBricks. The youngest buyers were those who came under the 18-25 age group. Titled Housing Sentiment Index (HSI), this online survey carefully screens prospective home buyers before arriving at the [...] Continue Reading »
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 »
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 »
In Ahmedabad, you cannot have any commercial activity near a road up to nine metres wide. A road that is between nine and 12 metres wide would allow mixed land use while an 18 metre wide road would allow only commercial activity. When the new General Development Control Regulations (GDCR) norms came into effect, the [...] Continue Reading »
City-based developer said that realty prices could rise by 10 per cent. Builders say if suppliers of raw materials don’t reduce prices, they will be forced to pass on the royalty burden to property buyers. The Gujarat Government on Thursday has passed a resolution to charge royalty on minor minerals used as building materials from [...] Continue Reading »
