Property market
Commercial Reality Rates may stabilise in Ahmedabad
Ahmedabad’s commercial realty will experience a supply-surge of 3.6 mn sq ft in 2009-11 against the estimated demand of 2.5 mn sq ft; the oversupply will stabilise commercial realty’s outright values at current levels in 2010. This is a key forecast of the 2010 realty report issued by the Credit Rating and Information Services of [...]
Ahmedabad: Construction in full swing at ‘Sahara City Homes’
The construction at ‘Sahara City Homes’ Ahmedabad, the flagship project of Sahara Prime City Limited, the real estate company of Sahara India Pariwar is in full swing. The township has obtained approvals from government authorities for construction of residential units. Development work is underway with the construction of Quality Control Lab, Main Gate, model house [...]
Nano drives up land prices in Sanand, Ahmedabad
The much talked about Nano project has found a new home in Gujarat, driving the land prices there to an all time high with a 200 per cent hike in just one fortnight.
Father of newborn twin daughters, Shrenik Shah, a businessman, has lost lakhs of rupees in the last few months on the stock market [...]
Will Nano drive affordable homes into Ahmedabad
It’s not just the car mart that Ratan Tata’s ‘Lakhtakia’ car is set to revolutionise. For mega city Ahmedabad, it could well drive in a Nano effect in realty that’s been languishing for want of takers due to exorbitant pricing.
After all, just like there is a huge demand for a cheap car, there is [...]
Tata moves to Gujarat kindles investment interest
On Thursday morning, Kaushal Mehta, the CEO of Ahmedabad-based Motif, woke up to a mail from a foreign business associate. The question was never put to him before despite his average six trips abroad every year.
His US-based associate learnt about the relocation of the world’s cheapest car in Gujarat and was wondering if the [...]
Land prices soar near Gujarat Nano site
Real estate prices in and around Chharodi in Ahmedabad district have almost doubled overnight after Tata Motors decided to relocate its prestigious Nano project from Singur in West Bengal to Gujarat even as experts feel that the gain was only ‘notional’ as no deals have been struck so far.
“In Chharodi, where the Tatas’ mother plant [...]
Nano to open doors for realty corridor
At a time when the property markets in the country are witnessing downswing, Tatas’ decision to park Nano at Sanand will not just boost land prices in and around Ahmedabad by almost 25%, it will also create a brand new “realty” corridor between Sanand and Ahmedabad, global, experts say.
Global real estate consultant Jones Lang [...]
Gujarat property market
With Gujarat’s realty market showing signs of a slowdown, the Gujarat Institute of Housing and Estate Developers (GIHED) has its fingers crossed that the just concluded 3-day property show at World Gujarati Conference (WGC) will help keep the market afloat by raking in NRI business of around Rs 1,000 crore by March 2009.
The 50-odd Gujarat-based [...]
Ahmedabad Municipal Corporation to survey 13 lakh properties
After a gap of four years, the Ahmedabad Municipal Corporation (AMC) would engage in one of the largest door-to-door survey of close to 13 lakh property units in the city. The survey and assessment would give AMC’s tax department an idea of any structural and useage changes of the occupier.
The survey details would be used [...]
Realtors bet on corporate parks in Ahmedabad
After realtor Vyomesh Patel acquired a 5000-sq yd plot of land in the R2 zone between SG Highway and SP Ring Road, he was on the horns of a dilemma.
Neither was the plot big enough for a mall, nor was a residential project viable on the small plot. That’s when he hit upon the idea [...]