Posh areas in Ahmedabad to invest

Posh areas in Ahmedabad to invest

• Category: Residential
• Date 14-06-2014

Posh areas in Ahmedabad

As Gujarat’s capital city, Ahmedabad is a key economic hub in the State. Hence investing here may go a long way towards earning lucrative returns. The list of posh areas in Ahmedabad mentioned below has been curated, taking into account the average property prices and appreciation recorded in the past 3-5 years as tracked by 99acres.

Ambli, Ahmedabad

Located in western Ahmedabad, Ambli majorly offers premium 3 BHK and 4 BHK resale units in gated societies. The housing demand in the area is contributed by employment hubs in Thaltej and Satellite, which are seamlessly accessible via major roads like the 132-ft Ring Road and Sanand-Sarkhej Road. Amidst luxurious high-rise residential towers, Ambli also has many top-notch amenities, including Applewoods Galleria Mall, Reliance Mall, and Aarohi Shopping Complex. The serene ambience of Shilaj Lake and Ambli Lake in the vicinity is also a key factor for the area's popularity.

Average property prices in Ambli are around Rs 8,800 per sq ft after a remarkable appreciation of over 41 percent in the last five years (source: 99acres). Monthly rentals range from Rs 35,000 to Rs 1.65 lakh as per the amenities incorporated and the configuration of the units. Some homegrown builders having projects in the locale include Deep Group of Companies, Sun Builders and Aaryan Builders.

GIFT City, Ahmedabad

GIFT City takes its deserving place in the list of posh areas in Ahmedabad. It is India's first Greenfield Smart City, and also a central business district (CBD), housing business magnates like Adani Township, Tata Consultancy Services Ltd (TCS) and real estate developers like Hiranandani Group, Prestige and Brigade. Sardar Vallabhbhai Patel International Airport and Ahmedabad International Airport T2 are also conveniently accessible within a 12 km radius of the area. Essentially, GIFT City is a lifestyle hub offering an array of amenities, including clubs, theatres, mega malls, parks, and supermarkets.

The housing landscape in the area is marked by premium apartments, with 2 BHK configurations having the majority share. Rentals range from Rs 16,000 per month to Rs 25,000 per month, and the average property price in GIFT City is around Rs 9,350 per sq ft. Notably, property prices in GIFT City have increased by an impressive 78 percent in the past three years (Source: 99acres). A few popular developers having projects in the area are Sobha, Sangath IPL and Kaavyaratna Group, among others.

Sindhu Bhavan Road, Ahmedabad

Sindhu Bhavan Road has emerged as a prime location in Ahmedabad, boasting an average property price of Rs 8,000 per sq ft, after an appreciation of over 32 percent in the last five years (Source: 99acres). Monthly rentals span from Rs 10,000 to Rs 60,000, offering a wide range of options to tenants. The area mostly features spacious 4 BHK apartments alongside independent houses and plots for those seeking variety in residential options.

While Sindhu Bhavan Road is itself a prominent stretch in Ahmedabad, the widespread connectivity is further enhanced by the proximity to NH-147 and Sardar Patel Ring Road. A few modern amenities within a five km radius of the locale include Gulmohar Park Mall, Iscon Mega Mall, Courtyard by Marriott, and Sphere Lounge. The area also enjoys hassle-free access to prominent employment hubs like Westgate Business Bay, Pinnacle Business Park, AGC Industrial Park and Vibrant Industrial Park, all within 20 km. Sindhu Bhavan Road is also known for lush greenery, including the serene Auda Garden, Bodakev Garden, and Sundarvan.

Vastrapur, Ahmedabad

Offering mostly 3 BHK and 4 BHK ready-to-move units, Vastrapur is a posh area in Ahmedabad. Home buy rates in Vastrapur average around Rs 8,000 per sq ft, after 42 percent hike in the last five years, (Source: 99acres). Rentals are around Rs 16,000-Rs 70,000 per month, as per the amenities and configurations sought. A few builders offering housing societies in the area include Ajmera Group, Shakti Homes, and Shilpi Group, among others.

Excellent connectivity via major roads such as 132 Feet Ring Road and Sarkhej-Gandhinagar Highway and proximity to key employment hubs like Satellite and Thaltej, elevate Vastrapur’s appeal as a sought-after investment hub. Further, Vastrapur Railway Station is about four km away, and the Sardar Vallabhbhai Patel International Airport is accessible at around 14 km. The planned Mumbai-Ahmedabad High-Speed Rail Corridor (MAHSR) is also set to enhance the connectivity and area’s residential popularity as Sabarmati Junction is proposed just eight km away from Vastrapur. What’s more? The area has many parks, such as Swastik Public Park and Indra Public Park, which provide a thick green cover, and enhance the locality's aesthetic and quality of life.

Nikol, Ahmedabad

Nikol in East Ahmedabad offers a housing inventory mostly consisting of 2 BHK and 3 BHK apartments, followed by villas, independent floors, and land. This locality is easily accessible via Sardar Patel Ring Road, Raspan Cross Road, and Hari Har Road in Ahmedabad. Further, luxury hotels such as ITC Narmada, Hyatt Ahmedabad, and Pride Plaza enhance the charm of this locality alongside the scenic backdrop of Gulmohar Green Golf Club.

Rental demand in Nikol is attributed to its proximity to various employment hubs, such as Odhav Industrial Estate, Vatva GIDC, and GIDC Naroda, all within an 11-km radius. Thaltej, a popular commercial hub, is also seamlessly accessible via the Vastral Gam Metro Station on the Ahmedabad Metro Blue Line, situated just seven km away. Monthly rentals in Nikol vary from Rs 5,000 to Rs 22,000, and the average home buy rate in Nikol is around Rs 3,750 per sq ft, having witnessed an appreciation of over 47 percent in the last five years

As Ahmedabad continues to evolve, these upscale areas stand as testaments to its growth and prosperity in the real estate sector. From the modern amenities of GIFT City to the luxury appeal of Vastrapur and the peaceful environment of Nikol, each locality has something to offer to homebuyers. However, due diligence is a must before taking the plunge and investing in the property.