S.G.,Highway,Connecting,Ahmeda business, insurance S.G. Highway Connecting Ahmedabad To A New Era Of Developmen
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Ahmedabad is the industrial, financial and commercialepicenter of the state. The state of affairs is so because this citywas the previous capital of the state and was already developed whenthe British came to roost here. The city of Gandhinagar is thepresent capital and as such is the administrative heart of the state.Salient features of InvestmentThe highway which connects the two cities would have tobe one of the most sought after places in the vicinity of bothcities. The residential and commercial projects which are coming upalong the two flanks of the road are some of the prestigious. Thereare many developers buying up parcels of land to begin theconstruction also. The investment value of the area has doubled overthe recent period, but the prices are still lower than the otherareas in the vicinity. The main reason for this is that thedevelopers are still bringing up the projects and there are ampleareas of land still left.The returns for the investment are manifold. The firstis for the developers who will have a barrage of occupancy requestsin the immediate future, then come the end users who will buy theproperties either to live there or to use it as an investment for thefuture. When some time has passed they will get appreciated landprices like nothing before. Almost 60% of the investors are the homebuyers segment and the rest are the hardcore investment seekers. Itis not just the residents, who are buying in, but also NRIs andpeople from other cities and states too. Ahmedabad was voted as oneof the best places to live in.Reasons for popularityThe main reason for the popularity of the S.G. Highwaysis because of the connectivity it provides to the two main cities asmentioned before. They are the main industrial hubs of the state.There are many companies and manufacturing plants where the employeesnumber in the thousands. To accommodate them, S.G. Highway offers theperfect location, which is both prime area as well as with extremelygood connectivity. There are also commercial opportunities which arewaiting for the right explorers. Many top international automobilebrands have set up their showrooms along the highway and managed toget prime locations. There are also major shopping malls andcommercial complexes which have popped up recently to supplementthat.Real Estate implicationsWith the numerous industrial plants, universities,colleges and schools along the roadside, the real estate of the S.G.Highway has exceeded its expectations. While the prices may be lowerthan elsewhere, they will not stay the same forever. With every daythat passes, the prices increase and there are better opportunitiesawaiting the investors. Current capital investment in apartmentswould cost about Rs.4033 per sq ft and plots in SG Highway would be around Rs.34478per sq yard.
S.G.,Highway,Connecting,Ahmeda