Navrangpura in Ahmedabad Witnesses Rising Property Values
Navrangpura is an upcoming locality in Ahmedabad. Owing to its proximity to the SG Highway and 132-ft Ring Road and a good infrastructure, the area is increasingly becoming a good residential spot for end users. The area is also witnessing good growth in property values.
Locations and accessibility
Navrangpura is situated in the central part of Ahmedabad, close to the 132-ft Ring Road and Sarkhej-Gandhinagar (SG) Highway. The 132-ft Ring Road connects the locality to some important areas and the GIDC industrial areas in Ahmedabad. The SG Highway is about 5 km from the area. One can reach Gandhinagar via this highway. Navrangpura also lies close to some fast growing areas such as Satellite, Bodakdev and Gurukul.
One can easily access the area via AMTS buses, which regularly ply on this route. There are several AMTS bus stops within the area. The BRTS also provides good accessibility to the area. The nearest railway station is the Sabarmati Railway Station, which is about 5.5 km away and the Ahmedabad International Airport is about 10 km from the area.
Infrastructure and amenities
Navrangpura has a very good physical and social infrastructure. The locality has several commercial setups within the residential premises, which attract home-buyers. There are several educational institutions such as St Xavier’s High School, HL College of Commerce and Gujarat Vidyapith in its vicinity. There is a Pulse Women’s Hospital and Samved Hospital in the locality. There are several other restaurants, banks and commercial establishments in the area. The City Gold Entertainment multiplex is within Navrangpura. Apart from these, Navrangpura has the Sabarmati River flowing through it and has a riverfront boating station.
Navrangpura witnesses 10 per cent growth
The good social infrastructure in the area and its proximity to important highways have resulted in the growth of property values in the last couple of years. The last three quarters witnessed a hike of 10 per cent in property values in the locality. The average property value was about Rs 2,500 per sq. ft. during the first quarter of 2012 and about Rs 5,200 per sq. ft. during the first quarter of 2014, indicating a growth of more than 100 per cent in two years.
Most of the projects available in Navrangpura are 2, 3 and 4BHK ready to occupy residential houses and apartments. Hence, the area proves a good destination for end users. A 2BHK apartment has a covered area of 1,160-1,350 sq. ft. The covered area of 3 and 4BHK apartments generally range from 1,300-3,500 sq. ft. A 2BHK apartment is available for a budget of Rs 25-50 lakh. The 3 and 4BHK apartments are available for a price of Rs 70 lakh to 1.5 crore.
A 2BHK residential house is usually available for an average budget of Rs 50 lakh while 3 and 4BHK residential houses are available for Rs 1.7-2.5 crore. Some of the developers present in the area include Safal Constructions, Straft, Sadhuram Sons and Plastene Infrastructure.
Looking at the type of properties available in the area and the kind of appreciation it is providing, one can definitely look at Navrangpura as a potential from the point of end user.
