Ashram Road – An Upcoming Residential Hub in Ahmedabad
Ashram Road is a prime residential and commercial location in Ahmedabad. It has a well-developed infrastructure and has several commercial as well as business establishments. All these factors are making the area an important residential hub in the realty sector.
Location and connectivity
Ashram Road is an arterial road that passes through the heart of Ahmedabad. A huge part of the road runs parallel to the Sabarmati River. The road also lies close to the Thaltej-Jodhpur Tekra and Vastrapur Lake. The road lies close to the 132 ft. Ring Road and Sardar Patel Ring Road. The road connects the northern localities in Ahmedabad with the southern localities. There are several AMTS and BRTS Janmarg buses running on this highway that connect different localities in Ahmedabad. The Gandhigram Railway Station is in close proximity to the highway.
Infrastructure and amenities
The highway has several business and commercial establishments along the way including the offices of RBI, All India Radio, Town Hall and the Income Tax Department. There are also several retail showrooms and shopping complexes along this highway. Areas along the highway such as Mithakhali, Shreyas Colony, Shanti Nagar and Parikshit Nagar are well developed. Areas along the highway have several good social amenities such as schools, colleges, hospitals and entertainment facilities.
Examples of schools and colleges are Gujarat Vidyapith, Mount Carmel Institutions and HK Arts & Commerce College. One of the well-known hospitals include Vadilal Sarabhai Hospital. Entertainment facilities include a cinema theatre (City Gold Entertainment Ltd), McDonalds and Natrani Coffee Shop. There is a Riverfront Boating Station in proximity as well.
Real Estate rates and trends
Due to the huge commercial development as well as the social amenities along Ashram Road, the surrounding areas have huge demand for residential property. This has attracted several developers and new residential projects in the area. Some developers include Keval Developers, Abhisar Developers, Amrapali Developers and Techfreak Developers. Some of the supplied residential projects include Sankalp Sandipani and Alpen Heights.
The most supplied configurations are 2 and 3-BHK apartments. The average covered area of a 2-BHK apartment is about 1,200 sq. ft. while that of a 3-BHK apartment is about 1,800 sq. ft. The approximate cost of a 2-BHK flat is about Rs. 30-60 lakhs and that of a 3-BHK apartment is about Rs. 85 lakhs. Rental values typically range between Rs. 11,000-17,000 per month for a 2-BHK flat and about Rs. 16,000-18,000 per month for a 3-BHK flat. The average property price is about Rs. 4,600 per sq. ft.
Ashram road is one of the best areas in Ahmdedabad as it provides good options for office spaces and offers most of the social facilities in the city. No other area in Ahmedabad is as commercially developed as this area. As such, it is rapidly becoming popular among residential real estate players.
