There will be a consistent 10-15% growth in property rates across all sectors in Ahmedabad. The exact rate in certain locations will depend on the incidence of market drivers there.
Apart from Ahmedabad, Surat and Vadodara also rank high in the State's real estate sweepstakes. As Gujarat's second largest city, Surat is all set to become an international diamond trading hub. It is located on the Golden Quadrilateral highway and is well connected to Mumbai and Delhi. These are major market drivers. Vesu, Piplod, Pal, Adajan and Varachha Road are the traditional residential destinations, and suburban locations like Bamroli, Khajod, Palsana and Puna Kumbharia Road are coming up. Vadodara is Gujarat's third-largest city and is another preferred emerging investment destination. The prime residential areas are Alkapuri, Race Course Road, Old Padra Road, Jetalpur, Akota and Fatehganj.
(Kripal Singh is Associate Director - Strategic Consulting at Jones Lang LaSalle India)
