Properties in Ahmedabad
Ahmedabad: Mumbai-based leading realty firm Godrej Properties has launched an affordable housing township project named “Godrej Garden City” in Ahmedabad. The project is located in Jagatpur, in off Sarkhej-Gandhinagar highway (2 km from SG Highway). It is in the North-West region of Ahmedabad. The project is at less than 15 km from the Ahmedabad Airport [...] Continue Reading »
Ahmedabad – A recent report by real estate developers and industry experts revealed that the real estate market of Ahmedabad is witnessing growth only in the affordable housing segment (Rs 10-15 lakh sub-category). Moreover, this growth is consistent despite of the various schemes launched by the mid and premium segment residential and plotting projects. In next few months, [...] Continue Reading »
Ahmedabad – The Ahmedabad city is undergoing a major transformation which include infrastructure development, new residential projects etc. In whole, the real estate market of Ahmedabad has gained stability and is now ready to see more growth in near future. Many commercial and residential projects in Ahmedabad are likely to grow with their execution. According [...] Continue Reading »
Ahmedabad- The Ahmedabad Municipal Corporation (AMC) has proposed a 100 percent hike in tax for residential properties and 45 percent for non-residential properties. The annual property tax for residential buildings is likely to be raised from Rs 10 to Rs 20 per square metre. And for non-residential properties, the tax will be raised from Rs [...] Continue Reading »
Ahmedabad- Ahmedabad Municipal Commissioner has made installation of water meters mandatory for all kinds of properties in Ahmedabad. The new rule will come to effect from April 1 and Rs 4425-crore municipal budget has been sanctioned in this regard. As per the new rule, any property in the city, whether residential or non-residential, has to [...] Continue Reading »
Ahmedabad: Paras Pharma’s founder Girish Patel is to invest around Rs. 2,000-crore for developing low-cost houses in Ahmadabad. Patel’s company, which was running Paras, will launch the township at Sanand near Tata Motors Nano plant on the outskirts of Ahmedabad. The land of 170 acre is 2 km away from the car plant and around [...] 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 »
The Gujarat government has planned to drastically reduce the impact fee. The impact fee is a registration charge for legalizing illegal structures in the state’s urban areas. According to sources the state urban development department has decided to fix a “nominal fixed value” for regularizing illegal properties in Ahmedabad and other cities by charging the [...] Continue Reading »
About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors, who buy houses and exit after booking profits. Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large [...] Continue Reading »
As of date Ahmedabad has unsold apartments of Rs 3000 crore. While large developers are refusing to budge on the price front, smaller ones with poor holding capacities and lack of financial access are silently selling their stock at 25% lower than the existing market rates. Most of the unsold units have piled up in [...] Continue Reading »
