Saumya Amaltas

By: Saumya Construction Pvt Ltd in Vastrapur

The first scheme of residential bungalows by Saumya, set in a lush green ambience with tree lined avenues, designed for those who prefer quiet elegance of living, in posh locality between IIM and Nehru Foundation. The quest to provide highest standards of living has also received distinction of being featured in ' TIME'.

The fast growing locality of Vastrapur has often been cited as the most posh area in Ahmedabad, housing the rich and affluent and top government officials and politicians. This area is one of the fastest developing nodes in Gujarat’s capital city, equipped with outstanding social and civic infrastructure and great connectivity.

The jewel of this locality is the large and serene Vastrapur Lake, which serves as a centre for recreation. The lake is flanked by an amphitheatre, where many plays are performed and cultural events hosted. A number of small gardens and play areas for children dot the boundaries of the lake, with a jogging track laid along its circumference.

Vastrapur houses many renowned educational institutions, including branches of the noteworthy Indian Institute of Management (IIM-A), National Institute of Information Technology (NIIT-A), and Gujarat University. An institution to educate the handicapped, Apang Manay Mandal, is located here as well. It is also home to the head office of ‘Sandesh’, Gujarat’s local newspaper.

Sanjivani Super Speciality Hospital Pvt. Ltd. provides a multitude of services and caters to medical emergencies.

Key Projects in Vastrapur : 

Connectivity and Transit Points

Vastrapur is located close to the Sarkhej-Gandhinagar Highway, a cardinal expressway that connects the financial, commercial, and industrial city of Ahmedabad, to the administrative capital, Gandhinagar.

The nearest railway station is Vastrapur Railway Station (VTP), located on Vastrapur Station Road in Mahavir Nagar. Sardar Vallabhai International Airport is located 15 km away, and can be accessible via auto-rickshaws and taxicabs.

Local AMTS buses ply from the Vastrapur Lake bus stop, taking commuters to different localities within the city.

Major Landmarks

• Indian Institute of Management- Ahmedabad
• National Institute of Information Technology- Ahmedabad
• Vastrapur Lake
• Swami Narayan Mandir
• Sunrise Park
• Nehru Foundation Centre for Environmental Education

Factors for Growth in the Past

Vastrapur’s real estate has witnessed an upswing in the last few years, resulting in its growth and expansion. This boom in real estate is primarily because of the rapid industrialisation of the city.

Apart from being a recognised education centre, housing the likes of IIM, NIIT and Gujarat University, Vastrapur has also established itself as a major IT/ITeS and retail destination. This delectable combination of factors has made it a prime residential locality over the years.

Residential and Commercial Market

Vastrapur is considered to be one of the most affluent colonies in the city, with large sprawling bungalows and opulent high-rise apartments scattered all across the area. However, despite being one of the more upscale localities in Ahmedabad, it also offers some affordable properties at a reasonable price.

The property prices for residential apartments in Vastrapur range between Rs 4,750 per sq. ft. and Rs 6,250 per sq. ft., witnessing a 14 per cent appreciation in the recent past. Residential houses may cost anywhere between Rs 8,050 per sq. ft. and Rs 12,070 per sq. ft. The rent for a quintessential 2 BHK in this locality may range from Rs 11,000 to Rs 20,000 per month, and for a 3 BHK rent may vary from Rs 18,000 to Rs 26,000 per month at Rs 15 per sq. ft. to Rs 30 per sq. ft.

The prevalent rate for commercial property and retail space ranges between Rs 4,000 per sq. ft. to Rs 9,000 per sq. ft., depending on the project site and amenities.

Major Challenges

Residents of Vastrapur observe poor lighting, choked drains, improper garbage disposal, congested roads, and poorly laid by-lanes. Occasional chain-snatching and other petty thefts have also been reported.

Factors for Growth in the Future

Delhi Metro Rail Corporation (DMRC) has been approached by the Gujarat government to construct an effective metrorail connecting the focal areas of the city. The MetroLink Express for Gandhinagar and Ahmedabad (MEGA) is slated for completion by 2016/2017, and will connect the two cities of Ahmedabad and Gandhinagar, ultimately benefitting Vastrapur tremendously.

Residential project development is also accompanying infrastructure upgradation. Ajmera Realty and Infra India Ltd, Sheladia Group, Shakti Homes Pvt Ltd, and Sahajanand Group are some of the prominent builders launching projects in Vastrapur.