Prahlad Nagar is a beautiful locality situated in the southwest corridor of Ahmedabad. With pockets of gardens, parks, and lakes, this locality is one of the prime areas in the city. Prahlad Nagar is witnessing a stable increase in real estate prices, attracting an array of investors, realtors, builders, retailers, and consumers alike. The presence of IT and business parks has made it a key residential hub, especially among young, working professionals.
There is no shortage in terms of amenities available, and Prahlad Nagar possesses a wide range. Riviera Arcade Shopping Complex is the main shopping centre for the residents of this locality. Apart from this, there are a bunch of super markets such as Reliance Fresh and Sahara Q Shop that cater to the daily needs of the people.
Prahlad Nagar is also home to many educational institutions and hospitals. Some of the well-known educational institutions in the area are Kameshwar School, Lords Institute, and Chimanbhai Patel Institute. Shivanjali Women's Hospital, B G Memorial Hospital, and Bavish Eye Hospital are some of the hospitals located in and around Prahlad Nagar.
Key Projects in Prahlad Nagar :
|Deep Satyadeep Heights|
Connectivity and Transit Points
Connectivity is a huge plus point for this locality as it is places in a strategic location. Its proximity to SG Highway and the connectivity to the city centre make Prahlad Nagar an ideal place to live in.
Local AMTS (Ahmedabad Municipal Transport Services) buses ply from the bus stop at Prahlad Nagar, taking commuters to different localities in Ahmedabad. Some of the bus stations in the locality include the ones at Prahladnagar Garden, Vastrapur Railway Crossing, Karnavati Club, and Vejalpur.
Vastrapur Railway Station and Sarkhej Railway Station are the nearest railway stations to this locality, and are about 1.5 km and 5 km away. The city main railway station, Ahmedabad Junction Railway Station, is located 11 km away.
Ahmedabad’s main airport, Sardar Vallabhbhai Patel International Airport, on the other hand lies 19 km away. Both, the railway station and the airport can be easily accessible via autorickshaws or taxi-cabs.
â— AUDA Lake
â— Prahlad Nagar Garden
â— McDonald’s Restaurant
â— Pinnacle Business Park
â— Siddheshwar Park
â— Domino's Pizza
Factors for Growth in the Past
The primary reason for growth in this locality is that it is well-planned with the aid of four town-planning schemes. The wide roads and distribution of public space is conducive for modern living.
The locality’s excellent connectivity and advantageous location has also added to the growth, with numerous schools, hospitals, and recreational centres. The IT industry has been another contributing factor in the expansion and growth of this locality.
Residential & Commercial Markets
This locality has a good blend of commercial as well as residential properties. Apartments constitute majority of residential properties, followed by layouts, penthouses and villas.
Residential Market Trends
As per the Q2 trends in 2014, the sale prices for multi-storeyed apartments in Prahlad Nagar have slightly come down and fell within the bracket of Rs. 4,800 to Rs. 5,200 per sq. ft. According to the same trends, the rent for multi-storeyed apartments ranged from Rs. 18 to Rs. 21 per sq. ft.
Commercial Market Trends
A flourishing commercial centre, showrooms, IT parks and office spaces on Prahlad Nagar are on the rise and sale prices can vary between Rs. 5,167 to Rs. 7,200 per sq. ft, depending on the location and amenities provided.
Traffic seems to be increasing due to the rise in population, and parking lots are filling up faster than before. This has made way for illicit parking, especially on Anandnagar 100 feet road, causing a lot of inconvenience to people. Apart from this, there are a few petty crimes like chain snatching and thefts that have been reported by the resident of this locale, and this will need to be looked into by the police department.
Factors for Growth in the Future
The ever-growing IT sector will be the major contributor when it comes to growth in the future. The high-end commercial areas and corporate houses are pushing many high-class restaurants to start operations in this locality. This is causing reputed developers like Pacifica Sahara, Safal, and Savvy to invest in real estate here.
The constant growth of offices, residences, and social and civic infrastructure is adding to the overall development of this locality, making it one of the most popular areas in the city of Ahmedabad.