SG Highway in Ahmedabad Sees Rise in New Realty Projects
If you are looking for new projects to buy in Ahmedabad, the Sarkhej-Gandhinagar (SG) Highway may be an ideal location to start your search. As the name suggests, the highway runs from Gandhinagar to Sarkhej. There are several localities in Ahmedabad that lie in proximity of this highway and provide a number of new projects.
Good growth prospects
The SG Highway connects Gandhinagar and Ahmedabad, two important growing cities in Gujarat. The highway passes near important areas such as Chandkheda, Gota and Prahlad Nagar, which are growing at a fast pace. One of the key reasons for the rapid growth of these areas is their proximity to the highway as they are connected to Gujarat’s capital via this highway. Areas on SG Highway are within the vicinity of these areas. They can also look at rapid growth prospects due to their proximity to the Bhat GIDC as well as 132ft Ring Road. Some of the areas lying on the Highway include Bodakdev, Ghatlodiya, Gota and Gurukul.
Another reason for the increasing number of projects in the area is that property values around SG Highway are comparatively lesser than those of few other areas within the city of Ahmedabad. For example, the property value in Anand Nagar and Ambavadi can go up to Rs 6,500 per sq. ft. and Rs 8,500 per sq. ft. respectively, whereas, they are about Rs 4,100 per sq. ft. and Rs 7,300 per sq. ft. in Gota and Bodakdev respectively.
Localities witnessing new projects
The above factors have led to a fresh slew of residential projects in the vicinity of SG Highway. Some of the areas that are witnessing a good number of fresh projects include Bodakdev, Bopal, Gurukul, Prahlad Nagar and Chandkheda. Some of the ongoing projects include Godrej Garden City, Adani Shantigram Aangan, Apple Woods and Enigma.
SG Highway expecting good growth
Most areas on the SG Highway and its vicinity are witnessing good growth in property value. For example, Bodakdev witnessed a growth of 40 per cent in property values in two years whereas Gota witnessed a 25 per cent growth in property value within a year. Ghatlodia witnessed a growth of 20 per cent in property values in the year 2013.
The increasing number of new projects on SG Highway indicates a healthy demand for projects in the vicinity and good future growth prospects. As such, if you are looking for a new property at an affordable price with good future prospects, SG Highway must be your pick.
