Apart from Ahmedabad and Surat, Vadodara, Gujarat's 3rd largest city, which has various growth drivers at present. With several chemical industries setting up base here. The city became popular with the title of Chemical Industries Capital of the State. Further, the begining of various PSUs made it the 1st cosmopolitan city of Gujarat in the nineties. Today, it is home to several large scale industries and public sector units such as Indian Petrochemicals Corporation Ltd., ONGC, Gujarat Alkalies and Chemical Ltd., and Gas Authority of India Ltd,.
Not only Ahmedabad but also the Surat, ranked 4th in the global study of fastest developing cities in the world. key areas for plots based on resale are Olpad, Surat Dumas Road, Kamrej, Maroli-Ubrat Road and Udhna. Simultaneously, areas that witnessed maximum new launches in this property-type in 2014 included Navsari and Pal.
You are right Ravindra,
If we are looking towards the Ahmedabad and Gandhinagar, connected by NH-147, are being considered in this report as the twin cities of Gujarat because development in both the cities have a huge influence on each other. With regular infrastructure development coupled with several infra upgrades, the areas between these 2 cities are also witnessing strong development, which is most likely to result in the union of both the cities in a short period of time.
At the same time, superior infrastructural facilities and the governments initiative to uplift it further are also driving investors towards the real estate market here. The state is well connected both internally as well as externally via its extensive transit systems which largely adds to its commercial value. Lastly, the governments favourable policies for both national and international companies to set up their base here has made way for future growth.
Yes Ravindra,
And the reason are the expansion of the Gujarat Municipal Corporation limits, increased connectivity, strong infrastructure development and the growth of Gujarat as a outstanding commercial and industrial hub. The main factor that is largely driving Gujarats realty market is the fact that the state policies offer favorable to environment for industries to do business. Further, the land values for properties in the state are any time affordable than many other tier-II cities in the country.
Gujarat, located in north-west India, has changed into an urban view with high international standards over the last decade. The real estate sector has come in the spotlight over the last 1 to 2 yrs. and is likely to continue moving northerly in the near future. Various factors have contributed to the growth of this city.