Bapunagar in Ahmedabad Emerges Good Locality for Investment
Bapunagar enjoys very good connectivity with other cities in Gujarat due to some important highways in its proximity. It also has good infrastructure and employment opportunities due to several industries. As such, Bapunagar realty proves to be a good option for purchases and investments.
Location and accessibility
Bapunagar lies tangential to the Narol-Naroda Road, which is a part of NH-8A (a junction of NH-8). This highway passes through Gujarat and connects Ahmedabad to both Mumbai and Delhi, and the Delhi-Mumbai Industrial Corridor (DMIC). Bapunagar also lies in the proximity of the Sardar Patel Ring Road. As such, Bapunagar enjoys excellent connectivity to some important industrial areas in Ahmedabad and Gujarat.
Bapunagar has good access to various areas in Ahmedabad due to the regular BRTS and AMTS bus services to Bapunagar. The nearest railway station is the Asarwa Railway Station, which is about 4 km away. The Ahmedabad Railway Station is about 5.5 km away and the Ahmedabad International Airport is just about 11 km away from the area.
Infrastructure and amenities
Bapunagar was once a thriving industrial area with a number of textile mills, which eventually closed down. However, later there were several cottage industries that started up and some of them became big names such as Nirma, the manufacturers of detergents. Apart from these industries, Bapunagar also ranks second in the country in the diamond cutting business. All these have led to good infrastructure and employment opportunities. Other industries in the vicinity include Mudra Uniforms India Pvt Ltd and Clipsal Industries.
Bapunagar also has good social amenities. It has educational institutions such as RB Institute of Management Studies. There are hospitals such as Narayan Hrudayalaya and Shardaben Hospital in its proximity. There is also a multiplex, a lake, restaurant and parks in the vicinity.
Real estate rates and trends
The location of the area, improved accessibility due to the BRTS bus service, and the employment opportunities that attract people from the different regions of Saurashtra has increased the demand for the housing sector in the area. There are several developers such as Shanti Developers, Prerna Developers, Panchshil Corporation and Vasani Builders active in Bapunagar. The most commonly available configurations are 2BHK apartments and houses with built up area of 850-1,200 sq. ft. There are also 1 and 3BHK properties available in the area.
The approximate cost of a 2BHK property is usually between Rs 15-30 lakh while a 3BHK property costs about Rs 30-55 lakh. Bapunagar is witnessing a slow, but a continuous steady increase in property values. The last quarter of 2012 witnessed an average property value of Rs 1,750 per sq. ft while the last quarter of 2013 witnessed about Rs 2,450 per sq. ft. This shows a year-on-year increase of almost 40 per cent in property values.
With improved connectivity, good social infrastructure and improving employment opportunities, Bapunagar proves to be a good area for investment in Ahmedabad.
