Bodakdev is a model locality for Gujarat’s commercial hub, Ahmedabad. The planned growth of the city reflects in this locality, which is a prime residential area with some of the highest property prices. The locality is easily accessible and has all the infrastructure one might need within easy reach such as reputed institutions, malls, hospitals, stores and banks. It’s no wonder that many of the elite High Court Judges of Gujarat live here.
Key Projects in Bodakdev :
Connectivity and Transit Points
Ahmedabad Municipal Transport System (AMTS) and the Ahmedabad BRTS, also called Janmarg, operate buses that serve the city’s transportation needs. A number of bus stops in the area link it to the rest of the city. The BRTS especially, has earned a number of accolades across the world for excellence, innovation and sustainability.
Ambli Road Railway Station is only 4.6 km from Bodakdev. Sardar Vallabhbhai Patel International Airport is around 15 km from the locality.
Blue Line of the proposed Ahmedabad Metro System will pass through Bodakdev, improving its connectivity even further. This line is the first planned phase of the system, and is expected to be completed around October 2018.
Apart from these modes of public transport, one can hire auto-rickshaws and taxis within the city. They’re easily found and reasonably priced.
â— ISKCON Temple
â— Ahmedabad International School
â— Raksha Hospital
â— Vastrapur Lake
â— IIM Ahmedabad
Factors for Growth in the Past
Bodakdev’s growth in the past can be attributed to the expanding presence of a large number of textile, chemical, and pharmaceutical factories. The establishment of these industries in the surrounding areas led to overall development of Bodakdev. Some big companies located in and around Bodakdev are Adani Group, Arvind Mills, Cadila Healthcare, Nirma, and many others.
Residential and Commercial Market
Residential Market Trends
The prices in Bodakdev have been fairly stable for the last few quarters. There have been ups and downs, but nothing dramatic.
In the April-June quarter of 2013, property prices stood at Rs 6,100 per sq. ft. and continued to appreciate over the last one year. As of the April-June quarter of 2014, the average property prices in the area are around Rs 6,350 per sq. ft.
Commercial Market Trends
Commercial spaces in Bodakdev are highly valued. Purchasing commercial property here, can cost anything from Rs 700 per sq. ft. to Rs 20,000 per sq. ft., depending on the location and type of property.
Renting commercial space in Bodakdev can cost between Rs 20 per sq. ft. to Rs 500 per sq. ft.
Hiked property taxes in Bodakdev has the residents and business owners up in arms, demanding that the taxes be brought down. Traffic-related crime has been on the rise lately, but these might simply be isolated incidents.
Factors for Growth in the Future
India’s first high-speed rail corridor has been approved. If it’s built, it would run between Mumbai and Ahmedabad in just four hours. This would lend tremendously to growth in Ahmedabad, and in extension to localities like Bodakdev.
Once the planned Ahmedabad Metro Network is completed, the real estate in Bodakdev will further grow in real estate value.