The city was built in open and spacious plane to the East of Sabarmati. It compromised of smaller known Fort as Bhadra Fort. The city fort wall was enclosed containing 12 Gates and with the well laid out beautiful buildings, lakes and mosques.

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Ahmedabad was the capital of Gujarat from 1960 to 1970. The capital was later shifted to Gandhinagar. It is the biggest city in Gujarat. Ahmedabad is steeped in tradition and culture, yet has a modernity that brings people from everywhere.

The architectural landscape of Ahmedabad stretches across the millennium. Fusion of Hindu craftsmanship with Islamic architecture is a marvelous achievement. The government institutions and military base near the city also bring peoples from across India. The city's growing population is also due to increasing economic expansion and modernization.

Ahmedabad enjoys strategic location advantage of proximity to Mumbai, commercial capital of the country. Western, Middle East and African markets are also accessible. The city also arouses a sense of entrepreneurship and business.

The city earlier established its name as the home of a booming textile industry. It soon became a rising centre of education, information technology and scientific industries. Ahmedabad has always been the cultural and commercial heart of Gujarat. Going by the ever growing construction of skyscrapers, shopping malls and multiplexes, the city has moved on to overcome the painful patches of natural calamities, political instability and outbreaks of communal violence.

Ahmedabad is quite at the forefront, sharing in the collective ambition of Gujarat becoming an industrial powerhouse. It is the state that has the largest number of SEZs actually setting up operations.

A tourism site has been established with base as Ahmedabad exclusively for medical tours, alternative therapies and medical assistance to cater to Gujarat and other parts of the country and the world. It is well equipped with video conferencing facilities to aid online consultation and therapy.

There has been a slew of investments in textiles and apparel, engineering, dairy industry, chemicals and petrochemicals, information technology, gems and jewellery, tourism and biotechnology. Investors and NRI Gujaratis have been attracted due to its mega city status and the strides it has made in terms of healthcare, cuisines and malls. There are upmarket locations that offer luxury living at a competitive rate.

Infrastructure

Strong economic growth, rising income levels, urbanization and improving transparency has made for a robust Indian real estate market. The property prices in Ahmedabad show an upward trend. Ahmedabad has found a favor for retail, real estate and financial services. Leading private banks and nationalized banks have branches in the city.

Retail and information technology are the upcoming sectors in the state. IT parks are being set up. Projects in the auto parts industry are being planned for the city. An arterial road network of 155 kms has been identified for a Rs. 950 crore Bus Rapid Transit System (BRTS) in Ahmedabad.

Apartment hotels are coming up at Ahmedabad. Successes have come in various forms. LNG handling project at Hazira, Sardar Sarovar Nigam Ltd generating power, improved roads and port facilities are a few of the examples.

Gujarat Infrastructure Development Board invited private participation in building roads, ports, power, railways, airports, urban infrastructure, water supply, information infrastructure and industrial parks, amongst many other identified infrastructure sectors.

The current focus is on infrastructure by privatizing ports and building integrated townships. The government is encouraging in a big way, technology parks, education based townships, medical and healthcare townships, tourism-related townships, Logistics Park and residential townships. The Sabarmati river front development (SRFD) project has its sights set on improving environment, infrastructure development, public amenities and land development.
The Sardar Vallabhbhai Patel International Airport serves both as a domestic and an international airport for the city and neighboring states. It operates direct flights to all other major cities of India. The National Highway 8 which connects Delhi to Mumbai passes though Ahmedabad. The Metro Rail Project is being planned with private sector participation.

The Apollo Hospitals Group will invest nearly Rs 100 crore to set up a new Oncology (Cancer) centre in Ahmedabad. Some of the prominent schools include St Xavier's Loyola and Mt Carmel School. Some of India's big research centers like Physical Research Laboratory and Space Applications Centre of the Indian Space Research Organization have their base here.

Institutes for higher education in the fields of arts, design, management, agriculture, engineering and technology are valued for their focus on excellence. There are world class institutions such as Indian Institute of Management, Ahmedabad and National Institute of Design, Entrepreneurship Development Institute, Center for Environmental Planning and Technology, to name a few.

Real Estate Developments

Ahmedabad is proving to be an ideal city for acquiring residential and commercial property due to excellent infrastructure that the city has and the kind of facilities it offers. The Center's announcement that it will invest Rs. 5,500 crores across seven mega cities in the country of which Ahmedabad is a major development. Gujarat Institute of Housing and Estate Developers have shown keen interest in promoting Ahmedabad as an investment destination.

Ahmedabad has high affluence and several real estate developers in Ahmedabad, brands and organizations are setting their sights on them. There is a strong sentiment for real estate investments; Ahmedabad presents excellent prospects for growth.

Since the declaration of Ahmedabad as a mega city in the last Union Budget the real estate activity has gained momentum. The recent real estate trend in Ahmedabad is inclined towards residential, commercial including retail activities. With 80 per cent of the urban population of Gujarat, housing large corporates and state and district level public offices, Ahmedabad has been ranked the seventh highest in Market Potential Value (MPV) among all the 784 cities in India.

The western parts of the city are thriving areas for residential properties in Ahmedabad. The integrated townships are the norm; major players like Sahara Group, Adani Group to name a few are launching them. The one being developed by Sahara will house a shopping mall, multiplex, hospital, post office and a petrol pump.

Areas in Ahmedabad which have seen improvements in roads and public transportation and other infrastructure are coveted areas for real estate activity. Bungalows and apartments are coming up on the new four-lane road developed from SG Road to the new Sardar Patel Ring Road. The high-end residential properties in Ahmedabad are investor-driven.
All of these developments bode well for real estate investing and selling, buying and leasing. Ahmedabad real estate scene is open to trying out new models including mixed use developments and service apartments. The total investment in malls over the next couple of years is pegged at Rs 700 crores.

A number of retail players like Star India Bazaar, Big Bazaar, Shoppers' Stop, Pantaloon and West Side; including international brands are eyeing the Ahmedabad market for its retail potential. Ahmedabad offers great infrastructural base and excellent opportunities for commercial purposes.

Appreciation

The real estate trend in Ahmedabad indicates that the property prices will continue to rise at a very alarming rate. Demand for property is unlikely to saturate in this city even in the distant future due to its ever increasing value as a major commercial and industrial hub and contributor to the Indian economy. The strategic locational advantage, superior infrastructural facilities and great potential for development of privately promoted ports are as great a contributor.

Where wide roads have facilitated the movement and in select areas prices have doubled and even tripled with demand exceeding supply. Though residential properties in Ahmedabad are well below the prices prevailing in metros, villas are in good demand and with the requisite infrastructure; investors can be assured of a lucrative yield in the long term.

The size of the residential market in Gujarat has been estimated at over Rs1500 crores per year Already residential property prices in Ahmedabad have shot by 10%-15% on an average. Property price in SunCity can be expected to go up by 25-40% according to industry experts.

Similarly, residential apartment prices are increasing and the price bracket could be in a higher range. With the self induced prosperity apart from the IT boom that lead to expansion in the City, the real estate boom is here to stay. The influx of companies, retail chains and IT parks has necessitated frenetic construction even as more real estate is being acquired by developers.

Commercial property development is visible in areas like CG road, SG road, Ambavadi and Navrangpura and is driven by both end users and investors. Many people opting for Ahmedabad with the motive of doing business also look for residential property.

Real Estate trends for NRIs

The Gujarat government envisages Ahmedabad as a world class city. In pubic-private partnership, it is looking to upgrade the city to make it, clean, viable and self sustaining.

Better acknowledged to be the capital city of the state of Gujarat, Ahmedabad is the seventh largest metropolis of India. A city more popular for its industrial background, it is growing and new areas in the outskirts are becoming well off suburbs. This makes Ahmedabad a real place of growth.

Ahmedabad is fast flourishing into a popular choice for foreign direct investments (FDI) such as joint ventures and real estate investments. Although, the transformation of the city is slow and steady but the past few years have witnessed major industrial development. The cost of living in the city is still lower than may be in other metropolitans.

With an improvement in its infrastructure and facilities, it is no wonder then that many new ventures are looking forward to the city. This may serve as a decent investment option for NRIs pondering over to yield good returns in near future, as the real estate prices in Ahmedabad are sure to take a jump.

The construction activities and new real estate projects in Ahmedabad have pushed property rates to new highs. As a location for property investments, Ahmedabad certainly has good prospects in store for prospective investors with a fair share of risk and this might be one of the key reasons for investments being marginal.

Ahmedabad enjoys a very strong connection with Gujarati NRIs, whose spending power and industrial skills have encouraged a healthy shift in property rates of late. Ahmedabad commercial real estate is still on infant stage and is developing in and around C.G Road and Ashram Road, along with the old city area. Staying in step with demand, the present supply of commercial space is determined to be 0.3 million sq. ft. with an absorption rate of 60-65%. However, the market is expected to zoom in the wake of new construction activities.

This commercial city of Gujarat is likely to grow by leaps and bounds in the next few years. The old city area and Sahibag, located north of it, are regarded as the old residential areas. Western side of Ahmedabad is gaining popularity as new residential areas, between Inner ring road and C.G. Road, such as Bodakdeo, Satellite, Vejalpur, Jodhpur, and Vastrapur.

Latest Real Estate Projects in Ahmedabad

Ahmedabad is known for its spending power and retail potential. It is abuzz with retail activities. Pantaloon Retail is planning to open its fifth central mall in Ahmedabad by 2009. Its retail chain, Big Bazaar will set up 12 more stores there. Pyramid Retail has signed up for property here. Liberty Shoes has set up Foot mart Retail and is opening its flagship store in Ahmedabad.

Ganesh Housing Ltd., which has constructed the first ever project to have earthquake resistant scheme plans to set up an IT park for Rs. 700 crore. The company which has a research and development team to analyze traditional and new technology has introduced Wi-Fi enabled 'Smart Homes' with digital security and solar passive architecture.

Multiplexes have been dotting the landscape of Ahmedabad. There are major projects under implementation. City Pulse will come up on a proposed area of 10 acre in Maninagar, a new development that has come up adjacent to the old city area on a lake.
Major builders in the city including N.G Developers, Navratna, BGP Builders and Saumya Constructions have their hands full in commercial projects. Other players looking at reaping the benefits in the real estate market are also big names like DLF, K Raheja Group, Unitech, Parsvnath and some others. Construction giant DLF is investing in a project that has been identified for urban infrastructure development in the city along with the Sabarmati riverfront project and integrated public transit system.

The Adani group is planning a Rs. 2000 crore plus mega township near Nirma University on SG highway.

Ahmedabad with new kinds of planning is becoming a trendsetter of sorts .A golf housing community project situated close to the Nal Sarovar Bird Sanctuary will be the first of its kind. The 600-acre Kensville project will have residential plots on the fairways. It is not very highly priced. The rates vary from Rs.600 per sq yd to Rs. 1100 per sq yds for plots ranging from 1000 sq yds to 3500 sq yds.

Architect Hiren Patel is involved in a project called Vraj gardens which will have private farm houses and bungalows with customized designs. The project aims to incorporate landscaped gardens, extensive water features, gazebo seating outside, glass corridors between rooms and other features.

One of the projects of Heritage Group called the 'Heritage Skies' is being designed by architect Hafeez Contractor. It will create new point of reference for real estate in Ahmedabad in terms of detailing and certain other features. The Heritage Group has projects of all kinds including bungalow schemes and farmhouse schemes. A lifestyle community is being developed with 300 bungalows

The most talked about Niho's Scottish Mall will be spread over an area of 4.5 lakh sq ft. at a cost of Rs. 180 crore. The proposed exhibition cum convention centre at Ahmedabad would involve investment of $9.2 million, which will further boost commercial activity in the city.