Hi Richa & all,
What actually has aided in the growth of the real estate market in this part of the world is the developer's own assessment of the ground realities. The developers in Gujarat are grounded in terms of their project offerings and logical in their approach. The presence of the superior infrastructural facilities and strategic location of residential properties are also driving investors towards real estate market in the state.
We can not forget that due to migration of huge number of people in the state, increased job opportunities due to coming of IT companies and multinationals, more and more people are settling in Gujarat. As a result, the property market of Gujarat is developing at a fast rate.
You are absolutely right Vinu, But at the same time increased investment by NRIsNRGs and migrants is also providing a boost to the housing market in Gujarat. Even the expat communities, mainly the professionals, have a fair share of investment in these markets.
@Samrat, It is also seen that an extraordinary growth pace witnessed in the industrial sector, coupled with a considerable rise in population is resulting in an increased demand for housing in Gujarat. In short, the end users are giving the required momentum to the property market of Gujarat.
Hi Vinu, I think you are right. The capital value for the real estate in Gujarat in terms of the residential property is any time affordable than many other state in the country.
The state is well connected, internally as well as externally through its elaborate transit systems, adding to its commercial value.
Well Samrat, The presence of the superior infrastructural facilities and strategic location of residential properties are also driving investors towards real estate market in the state. Key projects in the form of hotels, integrated townships, gated communities as well as specialty townships such as financial products townships and IT corridors have come up in a big way in the state. All this has provided a boost to the housing market.
Hi Varun, I am telling you that wht Gujarat change into a home seekers dream destination. There are several factors which have majorly contributed to the growth of real estate market in the state are: affordability, good connectivity, infrastructure development, investment-friendly, End-users, Real developers etc.