New Maninagar has noticeable just right realty development in last few years. Here, all forms of projects are being developed but this area is generally known for affordable housing initiatives. Due its proximity with the commercial area and progress of many small and medium scale industries (SMEs) nearby, the demand for residential truth could be very excessive.
I think Maninagar is the good option for the migrant population who want to stay close their work areas and now not journey so much decide upon to purchase property here. Further, excellent transportation facility from this part of town to different areas has also helped in the progress of the area.
Ahmedabad's property market is on an upswing considering of the significant growth of its industrial sector and the overall high rate of development, both in industrial and residential terms. Specially, due to the industrial growth in the city, many new residential areas are being developed close the commercial areas and New Maningar is one in every of them.
Hello Vikas, Could you tell me what is the new update in this area, I am looking to invest in the residential project. Please suggest few good project...My budget is approx 35 lakhs.
New Maninagar is an area with brilliant possibilities for commercial as well as residential realty market within the state.New Maninagar is located within the southern part of the city. The real estate situation may be very spectacular in this discipline and is prone to grow even more within the close future. New Maninagar is spread over a massive discipline and is increasing day by day.
Various factors which have contributed to this growth include: 1. The expansion of the Ahmedabad Municipal Corporation's limits. 2. Nearness to the industrial area. 3. Increasing connectivity 4. Robust development of other basic infrastructural amenities and the overall rise of Ahmedabad.
The property market in New Maninagar, which was far less developed prior, has now become the major option for the prospective buyers. The development activities and new real estate projects initiatives on this discipline have pushed property rate to the new highs, but it's nonetheless very fair as compared to other areas of town.