Is it a good time to invest in buyin a flat in Chandkheda / Motera, ahmedabad ? Will i get gud returns in future for re

Arvind, Apartment Resident, Ahmedabad

13th February 2014

Buying property in Chandkheda, Ahmedabad

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Hi,
Can anybody tell me the current price trends in Chandkheda, Ahmedabad? How is the locality for the investment purpose?

Jack , Ahmedabad

14th February 2014

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Hello Jack,
Sale price trends in Chandkheda- 2,361-3,461/sq.ft, average price 2911/sq.ft in Oct-Dec'2013 while in Apr-june'2012 it was 2391-5663/sq.ft while the average price was 4027. So, the following data shows that there is a 12% decrement in the last one & half years.

A developed residential area due to its close proximity with ONGC office, Chandkheda also has an IT park located nearby. Anticipation of IT companies locating here, affordable property rates, accessibility to good educational institutions and temples have all contributed in making this area an admirable residential area of the city.
Sitting on the advantage of good connectivity and proposed strategic Metro rail station for Ahmedabad-Gandhinagar Metro Chandkheda seems to be pushing the investors speculating about the market to give a serious thought to investing here. there is no doubt that coming days Chandkheda would be a prime destination for the investor.

Jyothi J, Ahmedabad

14th February 2014

Hi Vandana,
Motera is well known place for International Cricket Stadium, ONGC, IOC, falls between Ahmedabad and Gandhinagar. Location is important with respect to connectivity with Airport, Apollo Hospital, Sabarmati Railway Station and Sardar Patel Ring road, BRTS bus service. Area is peaceful, no traffic congestion, neat and clean and surrounding greenery.

Whereas Chandkheda is a locality in the northern part of Ahmedabad city and positioned to the west of river Sabarmati. A developed residential area due to its close proximity with ONGC office, Chandkheda also has an IT park located nearby. Anticipation of IT companies locating here, affordable property rates, accessibility to good educational institutions and temples have all contributed in making this area an admirable residential area of the city.

Vikash V, Ahmedabad

14th February 2014

Comment

Sitting on the advantage of good connectivity and proposed strategic Metro rail station for Ahmedabad-Gandhinagar Metro, and the buzzing commercial complexes, Motera seems to be pushing the investors speculating about the market to give a serious thought to investing here.

Sanchita Chanda, Ahmedabad

14th February 2014

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