Real Estate Properties in Vadodara

Situated on the fertile plain between the Mahi & Narmada Rivers, the city of Vadodara is the third most populated city in Gujarat after Ahmedabad and Surat. The city is divided by the Vishwamitri river, which divides it into two physically distinct regions, eastern and western. While the eastern bank of the river houses an older portrait of Vadodara like street bazaars, shanty buildings and a myriad of temples, the west has seen an emergence in well-planned residential infrastructure, efficient business districts, and a variety of shopping malls.

Vadodara industrial growth runs from Ahmedabad to Vapi, through the golden corridor. The city has emerged as one of India foremost industrial centers with an industry massively dominated by chemicals, pharmaceuticals, machine tools, and cotton textiles.

It was in 1962, with the establishment of Gujarat Refinery that many large-scale industries like the Indian Petrochemicals Corporation Limited (IPCL), Gujarat State Fertilizers and Chemicals (GSFC), and Gujarat Alkalies and Chemicals Limited (GACL) set up base at Vadodara, encouraging a large number of small enterprises, thus contributing to its industrial spurge.

Vadodara is also home to the Vadodara Stock Exchange (VSE) and is becoming a vision of the Confederation of Indian Industry, with an emerging IT sector and other developing projects. The rapid growth of industrialization definitely sees Vadodara as a magnet for not only local entrepreneurs, but within Gujarat and the rest of India in the future.

Stats And Facts

• The population of Vadodara, as per the provisional reports of the census 2011, is 13,94,952.
• The city sex ratio is below the national average, at 923 per 1000 males. The child sex ratio is also below the national average at 856 girls per 1000 boys.
• The average literacy rate of Vadodara is impressively higher compared to Vadodara District 78.92% with 92.73%, as per the provisional reports of the Census 2011.
• The jurisdiction of Vadodara city covers urbanized areas of around 15-20 km², on the northern side of the city.
• The official language of Gujarat is Gujarati, but Marathi, Hindi and English are also widely used in this culturally diverse city. There is a presence of many Indian communities that have an active identity in the city, and together with the heritage of the locals, contour Vadodara into a cosmopolitan blend.

Vadodara - Powering The Industrial Sector

• Vadodara has seen the growth of industrialization at an early age. The Alembic Pharmaceuticals was the first modern factory established in the city in 1907. This gave spurge to many companies like Sarabhai Chemicals and Jyoti. In 1962, there were 288 factories employing 27510 workers. This trend of industrial activity gave birth to a spurt in the industrial sector, especially with the establishment of the Indian Oil Corporation Limited and the Gujarat Refinery.
• Through the years, factors like product demand, raw material availability, financial and material resources by the government and private entrepreneurs and skillful mobilization of workers, have all contributed to Vadodara being one of India top industrial centers today.
• Large-scale industries such as Indian Petrochemicals Corporation Limited, Gujarat State Fertilisers & Chemicals, Gujarat Alkalies and Chemicals Limited have all found sanctuary within the welcoming hands of Vadodara.
• Other large-scale public sector units include Heavy Water Project and Gujarat Industries Power Company Limited.
• The Delhi-Mumbai Industrial Corridor passes through Vadodara, making it the ample destination hotspot for attracting industrial investments.

Connectivity

• Vadodara is served by the Vadodara Airport, located northeast of the city. The city has air connectivity with Mumbai, New Delhi, Bangalore, and Hyderabad. There are plans for an International Airport in the near future.
• A wing of the Western Railway zone of Indian Railways, the Vadodara Railway Station is Gujarat busiest junction with around 150 trains passing on a daily basis. Traveling to most of the parts of India from this junction is possible as Vadodara has five railway stations namely Vishwamitri, Bajwa, Vadodara Junction (BRC), Makarpura, and Pratapnagar. Vadodara is also home to India largest Electric Locomotive Shed housing several WAP-4, WAP-5, WAM-4, and WAG series of Indian Locos.
• National Highway NH-8 connects Delhi and Gandhinagar with Ahmedabad to Mumbai, passing through the city. The Indian National Expressway 1 also connects to Ahmedabad. In the near future, this Expressway aims to extend to the south, from Vadodara all the way up to Mumbai.
• Buses, auto-rickshaws and taxis are the most preferred and efficient modes of transport throughout the city. Private bus operators, VTPL run over a hundred buses along the roads of Vadodara reducing two-wheeler traffic and helping people with safe, convenient and cheap transport service.

Vadodara Civic Administration

• While Vadodara is administered by the Vadodara Municipal Corporation (VMC), some of the surrounding regions the city are administered by the Vadodara Urban Development Authority (VUDA). Both the institutions differ in their acts of governance. The principal responsibility of The VUDA covers an area of 714.56 sq. km and is responsible for promoting holistic development of the Vadodara agglomeration covering, whereas VMC is restricted to 148 sq. km.
• To help in administering the city, it is divided into four zones and 26 wards. Each ward elects three corporators, who in turn elect a mayor. The municipal commissioner is the head of executive powers, appointed by the Gujarat state government.

Vadodara Infrastructure

The market appears to be promising as there are major infrastructural developments planned within the city nested in the industrial areas, which will lead to an improvement in the connectivity to the city. Vadodara has had an underground drainage system present in its nerve center since 1894. It comprises of auxiliary pumping stations (APS), pressure mains and an underground drainage network that eventually disposes into natural drains and rivers post-treatment. The city has 150 km of storm water drains and about 50 km of major watercourses, which along with the River Vishwamitri cross across the city covering about 25% of the municipal limits. VMC takes all responsibility for handling domestic waste, construction debris, street sweeping waste, trade waste and other non-hazardous waste.

Infrastructure Projects - Vision 2015

Vadodara Real Estate Market

• The Vadodara real estate sector is on the rise and is definitely a booming sector of the city.
• Being one of the most densely populated cosmopolitan cities of state; the demand for land property has soared over time. With the possible chances of property prices rising in the future, real estate agents in Vadodara are buying extensive plots of land.
• The Urban Development Authority of Vadodara (UDA) has helped many construction companies set up residential areas, shopping malls and IT parks,within the city. As a result of housing construction companies selling large plots of land, the real estate has been growing manifold in the past few years.
• Vedant Group, Darshanam Group, Mayfair, Brookfieldz, Greenfields, Pawan Group, Mangla, Othello Group, Nilamber Group, Ananta, Spring blossom, NL Gardens, Mango Orchard, Asopalav, Monalisa Lockwood and Saket Group are the leading companies in the real estate market.
• According to recent media reports, the Virtuous Retail, sponsored by the Xander group, plans to invest USD 160 million in retail spaces in Vadodara.
• Moreover, the real estate market in the city offers a variety of categories comprising of residential apartments in Vadodara, plotted schemes, bungalows, twin bungalows, farmhouses, row houses, retail, as well as commercial spaces.

Key Localities In Vadodara

Charges By Different Government Bodies

Property Registration

Stamp Duty for Rural and Urban Areas: 8% (additional 25% for properties in urban areas)

Registration Fee: 1%

Madhya Gujarat Vij Company Limited

Madhya Gujarat Vij Company Limited is the leading power distribution company in Gujarat certified by an ISO 9001:2008. It is responsible for distributing electricity in the central region of Gujarat. The main and undying mission is to provide an uninterrupted supply of electricity to the residents as of now and in the future..

Vadodara Municipal Corporation

Established in July 1950, Vadodara Municipal Corporation, under the Bombay Provincial Corporation Act, 1949, is responsible for providing and maintaining civic infrastructure and administration of the city of Vadodara. The governing structure of VMC consists of administrative and political wings. The VMC is also responsible for providing water to the residents of Vadodara.

E-Gram Project

Gujarat e-Gram project is a broadband Internet facility based on satellite technology catering to 13,693 village panchayats in the state. The main objective is to provide community services to rural residents. It is supposedly Asia biggest rural connectivity project. In the village panchayats, people from a rural background are appointed as computer entrepreneurs to give government-to-community (G2C) services like birth and death certificates, revenue records, domicile certificates, ration cards and agro-commodity rates to the villagers.