A suburban neighbourhood in north-west Ahmedabad, Chandkheda is essentially a residential locality. It has lately emerged as a prime residential locality in Ahmedabad.
While mainly a residential area, Chandkheda is also witnessing the development of several new commercial projects. The area is one of the preferred shopping destinations as well. Vithal The Mall and Highway Mall are two famous shopping malls. The locality also boasts of several supermarkets such as Reliance Fresh, Anupam Supermarket, and Om Supermarket.
Chandkheda has much more to offer other than shopping malls and supermarkets. The locality is home to a number of reputed educational institutions and hospitals. Podar International School, Sakar English School, Doon Blossom Academy, Vishwakarma Government Engineering College, and the famous Indian Institute of Technology (IIT) are some of the several reputed institutions in the area. The locality also has hospitals such as Jalaram Children Hospital, Satyamev Hospital, Rhythm Hospital, and Chitra Hospital.
Key Projects in Chandkheda :
|Kavisha Pebble Bay|
|Shree Sanidhya II|
Connectivity and Transit Points
Chandkheda enjoys excellent connectivity to local markets, bus and railway stations, and also to the rest of Ahmedabad. AMTS (Ahmedabad Municipal Transport Service) buses connect Chandkheda with other parts of the city. The Sardar Patel Ring Road passes through one side of the locality and this is a major plus point, as it connects to the Sarkhej-Gandhinagar Highway (SG Highway).
Chandkheda Road Railway Station is one of the important railway stations in Ahmedabad. The city’s major railway station, Ahmadabad Junction Railway Station, is located only about 11km from Chandkheda.
The area is also well-connected by road to key localities such as Nigam Nagar, Khodiyar, Motera, and Sabarmati. A few of the key bus stations in Chandkheda include Gujarat Housing Board Bus Station, Parshavnath Nagar Bus Station, and Padmaprabhunagar Bus Station.
The main airport of Ahmedabad, Sardar Vallabhbhai Patel International Airport, is situated 14km away from Chandkheda. One can take AMTS buses, auto-rickshaws, or cabs to commute.
â— Cafe Coffee Day
â— Planet Health
â— Sneh Plaza
â— US Pizza
â— Chandkheda Road Railway Station
â— Jain Temple
Factors for Growth in the Past
Once a sluggish locality with bad roads, Chandkheda has witnessed a major transformation thanks to the infrastructure development. One of the main reasons that attracted people to this locality is the affordable housing options.
The presence of commendable social infrastructure and amenities only made things better. The locality has several reputed educational institutions, shopping centres, hospitals, fitness centres, banks, dispensaries, and restaurants.
Another factor that has helped in the growth of the real estate sector of Chandkheda is the presence of Oil and Natural Gas Corporation (ONGC) in the vicinity. This created ample job opportunities and naturally, people started flocking in.
Residential & Commercial Markets
Residential Market Trends
Residential property in Chandkheda consists of a large number of apartments. In addition, there are several housing societies and townships. Affordability is the main factor for people investing in residential properties in this locality.
Apartment prices in Chandkheda have been dormant over the last few months. The Q2 (2014) sale prices of multi-storeyed apartments in Chandkheda ranged between Rs. 2,637 and Rs. 3,262 per sq. ft, while the rent per sq. ft hovered around Rs. 6 for the same period.
Commercial Market Trends
Chandkheda is a locality which has a good mix of both commercial and residential projects. The commercial space has been seeing a slow but steady progress over the last few years. Due to the increasing population in the locality, many commercial players are setting up base in the locality.
One of the main challenges that Chandkheda faces is the supply of water. The area has been facing an acute shortage of water in the past year due to low levels of groundwater. Ahmedabad Municipal Corporation (AMC) will have to dig deep to find a solution that will last a long time.
Factors for Growth in the Future
Chandkheda is on the verge of seeing a major explosion in the IT sector. With many software companies slowly trickling in, the future looks bright for this locality. To add to this, Chandkheda is one of the proposed locations to have a metro station. Once this comes into picture, there will be greater connectivity and this will help the infrastructure development immensely. These factors are expected to greatly impact the residential and commercial real estate markets of Chandkheda.