Satellite Is The Second Most Preferred Location in Ahmedabad
Satellite has become the second most preferred locality in Ahmedabad for housing after Prahlad Nagar. This is due to its location, infrastructure growth and good social amenities. There are multiple reasons why Satellite has become such a sought-after locality.
Location and accessibility
Satellite is situated between two main highways: Sarkhej-Gandhinagar Highway (SG Highway) and 132 Feet Ring Road. SG Highway is a part of National Highway 8C and connects the area to Mumbai and Delhi. The 132 Ft Ring Road connects the area to other areas of Ahmedabad and the GIDC industrial areas. The Sardar Patel Ring Road is just about 6 km from the area. This ring road too connects the area to other important areas in Ahmedabad and the Odhav Industrial Estate.
There are several AMTS as well as BRTS buses on both the highways that provide accessibility to Satellite. The BRTS buses have significantly improved the accessibility. The Ahmedabad railway station is about 10 km from Satellite and the International Airport is about 15.5 km from the area.
Infrastructure
The area has a very good social infrastructure. There are several popular educational institutions such as Sardar Patel Institute of Public Administration and Ahmedabad International School as well as several training institutes within the proximity. There are a couple of hospitals such as Parth Hospital and Aashwi ENT Hospital in Bodakdev that are close to Satellite. There are several restaurants and eateries in Satellite. The Cinemax and Wide Angle multiplexes are nearby. There are also banks, malls, parks and temples in the area.
Real estate trends
Satellite is an area popular among the middle-income buyers as the area is very much within the affordable range, though it is near the central part of Ahmedabad. The approximate property value in Satellite is about Rs 4,30-5,600 per sq. ft. Most of the available configurations are 2 and 3BHK ready to occupy apartments. The approximate covered area of a 2BHK apartment is in the range of 900-1,200 sq. ft. and that of a 3BHK, is between 1,400-2,700 sq. ft. There are a few 4BHK apartments too available of the same dimensions. Some of the active builders include HN Safal, Venus Infrastructure & Developers and Sambhav Infrastructure.
The approximate cost of a 2BHK apartment is about Rs 35-45 lakh while that of a 3BHK apartment is about Rs 80-90 lakh. There are also few high-end 3BHK apartments whose cost may go beyond Rs 2 crore of higher dimensions and available amenities. Property values in Satellite have been on continuous rise for the last 5 years. In the last three years, the average property value went up from Rs 4,300 to Rs 5,300 per sq. ft. marking an increase of 23 per cent.
The affordability factor of the area while having a very good connectivity and infrastructure has made satellite one of the most sought after places for residential properties in Ahmedabad.
