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Project Spotlight Ahmedabad

Top Localities in Ahmedabad

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Ahmedabad Overview

Once known as the Manchester of the East for its flourishing textile industry, Ahmedabad is a rapidly growing metropolitan city. Its located to the West of India, in the state of Gujarat. Lying on the banks of the historic river Sabarmati, its the seventh largest metropolitan area and the fifth largest city in India.

Ahmedabad real estate, as a sector, is an investors market. Among the several real estate projects lined up in the near future, Ahmedabad will see the towering presence of 22-storeyed residential skyscrapers in the coming year.

Despite the significant number of modern infrastructure projects approved for the city, Ahmedabad still retains the old world charm. Thanks to its rich historical heritage, the city still hosts traditional Persian architecture. The Ahmedabad real estate landscape, therefore, is a melting pot of the old and new.

Stats And Facts

  • Going by the provisional reports of Census India 2011, the population of Ahmedabad, as of 2011, stands at 5,570,585. The urban/metropolitan population, on the other hand, is 6,352,254.
  • The sex ratio for Ahmedabad is 897 per 1000 males. Child sex ratio is 853 per 1000 boys. In comparison, the sex ratio of the country is 940 per 1000 males and the child sex ratio is 914 per 1000 boys, according to the Population Census of 2011.
  • The average literacy rate is 89.62%. The male and female literacy rates are 93.96% and 84.81% respectively.
  • Of all the cities that have a population exceeding 1 million, Ahmedabad has the lowest crime rate. For that reason among others, the Times of India ranked Ahmedabad as the best city to live, in 2012. In the same year, the market research firm IMRB called it the best mega-city. Ahmedabad was rated as the fastest growing city in India, by the Forbes magazine. In the year 2010, Forbes magazine featured an article that ranked Ahmedabad third in the list of next decades fastest growing cities in the world.
  • With the river Sabarmati having played such a crucial role in molding the city past and present, the Amdavad Municipal Corporation (AMC) has initiated the Sabarmati Riverfront Development Project. Its aimed at improving the environment conditions in the region and providing slum rehabilitation for the slum dwellers living at the river bank.

The Industrial Sector

  • Ahmedabad is a strong industrial base for sectors like textiles, chemicals, pharmaceuticals and drugs, and agro and food processing industries.
  • The district of Ahmedabad contributes up to 60% of the total industrial productivity.
  • Arvind Mills, the world-famous company that processes denim for jeans globally, and Ashima Group, Indias leading 100% cotton fabric manufacturers, are situated in the city.
  • Besides the textile industry, Ahmedabad has a thriving pharmaceuticals and chemicals industry. Torrent Pharmaceuticals and Zydus Cadila, two of the biggest Indian pharmaceutical companies, are situated here.
  • The corporate headquarters of the detergent and chemical manufacturer, Nirma Group and the leading export trading company in India, Adani Group are situated in the city.

Connectivity

  • The Sardar Vallabhbhai Patel International Airport is situated only 15 km from the city center. From the railway station, the airport is situated just 8 km away.
  • One of the six operating divisions of the Western Railway, Ahmedabad connects to other major cities and all towns in Gujarat. The city main terminus is the Ahmedabad Railway Station, locally called the Kalupur Station.
  • The National Highway 8 connects Ahmedabad to Mumbai, Delhi and Gandhinagar. National Expressway 1, which is a part of the Golden Quadrilateral project, connects Ahmedabad to Vadodara.
  • The AMTS (Ahmedabad Municipal Transport Service) and the BRTS (Bus Rapid Transit System) buses form the network of public transport in Ahmedabad. The bus service is in operation from 6am to 11pm every day.
  • Presently, AMTS has 750 buses in operation.
  • The Institute for Transportation and Development Policy awarded BRTC with the Sustainable Transport Award in 2010 for reducing carbon emissions and making the service more accessible to the residents.

Ahmedabad Civic Administration

  • Administrative headquarters of the Ahmedabad district, Ahmedabad is administered by the Ahmedabad Municipal Corporation (AMC). The AMC was established under the Bombay Provincial Corporation Act, 1949, in the year 1950. The corporation is headed by the Mayor.
  • The elected wing of the AMC comprises 4 statutory authorities, namely the Standing Committee, General Body, School Board Committee and Transport Committee. The other committees include the Water Supply and Sewerage Committee, Town Planning Committee and Tax Committee.
  • The residents of the city elect 192 municipal councilors through a popular vote. The elected councilors then elect the Mayor and Deputy Mayor of the city.
  • The city contains 64 wards in 5 zones.
  • The sub-urban areas of the city are administered by the Ahmedabad Urban Development Authority (AUDA).
  • Two Members of Parliament represent Ahmedabad in the Lok Sabha, and 19 members of the Legislative Assembly for the Gujarat Vidhan Sabha.

Ahmedabad Infrastructure

  • It is common knowledge, even in international circles, that Ahmedabad pays special attention to the development of infrastructure. It was, in fact, the first city in India to execute the Public Private Partnership (PPP) model in development projects.
  • Ahmedabad has a strong foundation in basic infrastructure, especially the water supply system. The city has had a system of organized water supply, right from the 19th century days. Even today, the two sources of water surface and ground are being managed effectively. Commissioning of water sources has taken place as recently as 2004.
  • The power sector in Ahmedabad is also on solid ground. Its one of the few cities that have a privatized power sector. Torrent Power Ltd. is the company that generates and distributes power in the city. And for electricity, Ahmedabad banks on one of the oldest and well operated power stations in the country, Torrent Power thermal power station.
  • The focus of the city development authority, Ahmedabad Urban Development Authority has now shifted towards facilitating social infrastructure projects.

Infrastructure Projects

    Name Of The Project

    Impact Areas

    Expected Completion Date

    Remarks

    Metrolink Express for Ahmedabad and Gandhinagar (MEGA)

    Gandhinagar and Ahmedabad cities

    July 2017

    Broad gauge-based mass-transit rail system, connecting Ahmedabad and Gandhinagar

    National Highway Development Program, Phase - V

    Kishangarh, Udaipur and Ahmedabad

    Under Development

    Six laning of the four-lane highway stretching from Kishangarh in Rajasthan through Udaipur to Ahmedabad in Gujarat

    Development of Ring Road

    Rajkot, Vadodara, Himatnagar and Gandhinagar

    Under Development

    The length of the 60-m Ring Road will be 76 km.

    Housing For EWS (Economically Weaker Section)

    Nandanvan, Gokul, Varjnagari, Murlidhar, Vastrapur, Sardarnagar,
    Ranip,
    Gopal,
    Vrajvihar and
    Giridhar

    Under Construction

    A total of 10,000 houses will be constructed under this project.

    Construction of ITI Building

    Memnagar

    Under Development

    The ITI will provide industrial training for women

    Storm Water Disposal System &
    Lake Development

    -

    Under Development

    Lakes will be developed, and the different lakes will be interlinked through underground pipelines

    Sabarmati Riverfront Development Project

    The Sabarmati riverfront

    Under Development

    Environmental improvement, social upliftment and urban rejuvenation are the project targets.

Ahmedabad Real Estate Market

  • The real estate market in Ahmedabad has always been impressive. Its likely that the same will hold in the coming years.
  • There is been a tremendous supply side growth in the overall housing market, especially in the luxury housing segment.
  • The real estate market in Ahmedabad is investor-centric. This drives the developers and sellers to respond to the demand through discounts and offers.

Key Localities In Ahmedabad

    Localities

    Per Sq. Ft. Price Q3 2013

    Rent Per Month For A 2 BHK Apartment (approx.)

    (Figures in 1000 rupees)

    Bopal

    4,623

    9

    13

    Satellite

    5,733

    16

    24

    Prahlad Nagar

    5,963

    10

    16

    South Bopal

    3,203

    8

    12

    Chandkheda

    3,307

    7

    11

Charges By Government Bodies

    Property Registration

    • Stamp Duty 5%
    • Property Registration 1%

    Property Tax

    • In Ahmedabad, the Amdavad Municipal Corporation (AMC) levies property tax. The tax rate is INR 16 per square meter on residential properties and INR 28 per square meter on non-residential properties.

    Gujarat Water Supply And Sewerage Board

    • The Gujarat Water Supply and Sewerage Board is responsible for ensuring sustainable water supply in the state of Gujarat, including in Ahmedabad.

    Ahmedabad Water Charges

    Residential Property

    • Slums and Chawls up to 25 sq. m. Nil
    • Residential property up to 50 sq. m. Rs 100
    • Residential property with area ranging from 50 sq. m. to 100 sq. m. Rs 200
    • Residential property with area over 100 sq. m. Rs 300
    • Bungalows, Tenements, and Raw Houses with area over 200 sq. m. Rs 1500

    Non-Residential Property

    • Industrial unit and factory, besides manufacturing and processing unit Rs 400
    • All other non-residential property Rs 600
    • All non-residential property with area exceeding 150 sq. m. Rs 1500

    E-Governance Measures

    • The Amdavad Municipal Corporation has taken ample e-governance measures that make the lives of the city residents convenient. People can visit the corporation website to pay such taxes as the property tax. Other services that people can access through the website include marriage registration, license, professional tax, birth and death registration, and so on.

Ahmedabad Real Estate Growth

Real estate is always a boom in Ahmedabad city with high affluence and several branded residential and commercial launches by renowned developers. Few favorable factors are as below: *Quality construction is a benchmark here. *Well planned expressways and Ahmedabad metro lines. *World's Fastest-Growing City with excellent infrastructure. *Home for best education and media institutes. *Second planned city in India.