The largest city in Gujarat is Ahmedabad. In western India, it is an important industrial hub and the center for trade and commercial activities. Due to The interest from investors and Non-Resident Indians, they demand real estate in the city. Here are some popular yet affordable locations to consider with a budget of Rs 40 lakh.
Over the past decade witnessed immense growth in Ahmedabad. It is one of the most attractive destinations for real estate investments in India at present. Ranging from 1 BHK and 2 BHK units to premium villas in your budget range the booming real estate market in Ahmedabad has something for everyone. Ahmedabad is usually left spoilt for choices With numerous new-age projects that meet all the set guidelines of the real estate market, a homebuyer in Areas, such as Bodakdev, Satellite, Vastrapur, and Shahibaug, are some of the prime areas of the city. Shela, Chandkheda, and Shilaj offer a wide range of housing options when it comes to affordable housing.
Shela: Shela enjoys seamless connectivity to the central regions of Ahmedabad, such as Thaltej, Prahlad, and Bodakdev Nagar alongside the Sardar Patel Ring Road. The affordable residential spaces are available where the locality is already a preferred destination. Spur real estate growth in the times to come, its inclusion within Ahmedabad Municipal limits.
Around Rs 3,550.per sq ft (source: 99acres Insite) the average weighted property values in Shela. As compared to the neighboring counterparts Bodakdev and Bhopal are quite affordable. In these areas is Rs 6,500 per sq ft and Rs 3,800 per sq ft, the average property values respectively. The maximum housing demand is for 2 BHK apartments and small configurations of 3 BHK units. The region is replete with independent houses and residential plots of varying sizes
Chandkheda: in Ahmedabad A fast-emerging real estate hub. Chandkheda is famous, especially among IT professionals in the city. Including renowned educational institutions, shopping malls, and healthcare centers, the locality encompasses some of the best-in-class infrastructural facilities. Excellent connectivity to the area offered by The Bus Rapid Transit System. The Ahmedabad railway station is merely 15 km away from the locality, while the Sardar Vallabhbhai Patel International Airport is at a distance of 14 km from Chandkheda.
Shilaj: There is a Rapid advancement in infrastructure and proximity to the central areas of Bhopal. The increased demand and property prices in Shilaj contributed by Science City, Thaltej, and Bodakdev. The locality is one of the fastest-growing residential hubs with no dearth of social or civic amenities, Boasting easy access to the commercial hubs of South Bhopal and SG Highway. Shilaj is also good on the rental front because of the upcoming commercial establishments in proximity Other than being a buyer’s market; they also include the Ambli-Bopal Road, Bhopal, and Sindhu Bhavan Road. “Rs 12,000-15,000 as rent per month in case of a non-furnished house an investment of Rs 40 lakh in a 2 BHK can easily fetch you. The rental returns can go up to as much as Rs 18,000 per month,” says Jinesh In case you own a semi-furnished apartment.
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