Right time to invest in Ahmedabad is NOW!

The Gujarat government has taken several steps to boost the real estate sector in the state. There are many factors contributing to this success story where the purchase affordability of property remains on top as the capital value for the land remains significantly lower than the other fast-developing states.

According to some studies, the real estate sector is likely to touch a cap of $1 trillion by 2030. The sector is likely to produce 100 million jobs by the end of the decade with the share of skilled workforce expected to rise from 9.7% in 2023 to 10.5% by 2030. This growth is expected to arise from all domains of the construction sector like- real estate, infrastructure development, affordable housing, commercial assets, etc. The commercial market sector has surged a substantial 33.3% from the previous quarter. Gujarat has emerged as a dark horse in the race of the hot real estate market where metro cities like Bangalore, Mumbai, Delhi, etc. are some other key players.

Widely recognised market researchers' study states that Ahmedabad was the most affordable housing market in India in 2022 with an affordability ratio of 22%. (Affordability ratio is calculated by dividing house prices by gross annual workplace-based earnings.) The city enjoys excellent connectivity to the rest of the state and the addition of new town-planning schemes being developed hand-in-hand with the population demand are boosting a vibrant residential and commercial real estate in the city.

Ahmedabad, being the Twin-city of Gandhinagar is also set to see growth momentum with the development of GIFT city. Some 55 lakh square feet of residential real estate space is coming up on the campus with an investment of 2700 crores over the next five years. With the provision of premium infrastructure, the average prices of housing are on the higher end. The positivity in the market is driven by the fact that people are upgrading their lifestyles, so residential real estate will gain good momentum.

Investing in real estate in Ahmedabad and Gandhinagar (as Twin-cities) is a lucrative opportunity given the range of residential properties that can provide attractive ROI. The Shivalik group has been able to capitalize on this opportunity to bring the best quality of residential real estate in the city with futuristic design of buildings i.e “Shivalik Skyview” has its design inspired by a drone, “The Curv” will have one of its kind curved design in India with ultra-modern amenities to suit the next generation buyers and investors. So the right to invest in Ahmedabad is NOW!