Infrastructure, Connectivity and IT Hubs Favour Vadodara Realty
There are various Tier II cities in India that are favourable for investment in real estate. One of the cities that is into the radar is Vadodara in Gujarat. There are several reasons for Vadodara becoming a favourable investment destination. Some of them include the emerging IT hubs and infrastructure developments in the city.
Growth in infrastructure
Some of the key factors to look out for when investing in a city’s real estate includes identifying the infrastructure, road connectivity and potential for appreciation. Vadodara has all these and more.
There are some major infrastructural developments planned in the city coupled with the IT hubs and industrial areas, which shall lead to increased employment opportunities and improved connectivity to the city. The Delhi-Mumbai Industrial Corridor (DMIC) passes through Vadodara, making it a key destination for industrial investments. The Ring Road connects some of the major state highways and arterial roads of the city to DMIC. The city has accessibility via road, rail and airways.
Social amenities in Vadodara
Some of Gujarat’s leading educational institutions are located in Vadodara. There are over 120 public schools and 100 private schools. The city also has MS University, the most famous and the largest university in Gujarat. They offer skilled and intellectual manpower for various industries and R&D activities. Vadodara is also an ideal places for the Non-Resident Indians (NRIs) to settle down as well. Vadodara has an international cricket stadium. There are several gardens, palaces, monuments and museums present in Vadodara.
Vadodara is an emerging hub for various automobile ancillary units and glass manufacturing companies. Various towns are major centers of Pharmaceutical and other Chemical manufacturing industries. It is home to a large number of reputed large scale industries and public sector units (PSUs) such as Indian Petrochemicals Corporation Ltd (IPCL), ONGC, Gujarat Alkalies and Chemical Ltd (GACL), and Gas Authority of India Ltd (GAIL).
Real estate
A large number of developers are active in the Vadodara real estate. Maitreya Realtors & Constructions Pvt. Ltd. (MRCPL) has launched its premium plotting project near Ajwa Funworld. The name of the project is Maitreya Paradiso. Surrounded by lush greenery, the project entails 120 plots ranging from 1,800 sq. ft. to 8,000 sq. ft. The project targets a range of buyers depending on their preference.
With the urban development authority of Vadodara continuously encouraging many developers to establish residential areas, IT parks and shopping malls within the city, the city promises a bright future not only for itself but also for those who intend to draw on the prospects of an emerging cosmopolitan.
