Ahmedabad: Top 3 localities for best returns

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Did you buy your house for Rs 50 lakh last year? It is time for you to cheer because the same house is worth Rs 57 lakh today. Magicbricks’ trends indicate a price shift from Rs 5,000 per sq ft in 2013 to Rs 5,700 per sq ft in 2014.

Flats on sale can cost you between Rs 40-60 lakh for a 2BHK unit. The covered area ranges from 1000-1200 sq ft. If you are opting for a 3BHK unit, they are in the range of Rs 50 lakh to Rs 1.6 crore for an area of 1200-2520 sq ft.

This locality in Central Ahmedabad has garnered interest because of its proximity to business areas like SG Highway. The infrastructure is also favourable. The Bus Rapid Transport System links the locality to key areas in the city.

Schools and colleges of repute, healthcare facilities, local bazaars all are in close proximity. The facility of having commercial spaces within residential premises has gathered a section of home buyers who are self employed and into business.

SG Highway

As per Magicbricks, in the last one year this locality has clocked a 10 per cent rise in values, with average prices going up from Rs 2,900 per sq ft to Rs 3,200 per sq ft. A 2BHK unit here starts at Rs 21 lakh for a 818 sq ft area. Prices can go up to Rs 60 lakh for a 1500 sq ft accommodation. A 3BHK unit could cost you between Rs 37 lakh to Rs 2 crore! These are spacious flats ranging from 1100-4000 sq ft.

Trend watchers realise the potential of SG Highway. It works two ways. Firstly, prices in the area are lower in comparison to property values in the city centre. Secondly, developers have realised that proximity to work spaces is what every prospective home buyer wants to bank on and thus a lot of new projects are coming up along this corridor. These reasons have drawn even non-locals to invest here.

Thaltej

As per data with Magicbricks, the average values at Thaltej have risen from Rs 4,500 per sq ft to Rs 5,000 per sq ft in one year.  Prices in the locality start at Rs 27 lakh for a 2BHK unit of 650 sq ft. They go up to Rs 50 lakh for a 1300 sq ft unit. Usually, 3BHK units are available within a range of Rs 47 lakh to Rs 1.6 crore.

If you are looking for an area that fetches you value for money, peaceful environment and is close to key areas, you can bank upon Thaltej. The locality also thrives on being a well equipped residential area.

Banks, hospitals, markets, restaurants are close at hand and the physical infrastructure of the area is developing fast.

Hence, if you are looking for a house in Ahmedabad, you can opt for these localities for good returns.

Source :- Magicbricks.com Bureau

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