The roads of any city are its lifeline and they connect the city to the various destinations within and outside its limits. The Sarkhej Gandhinagar Highway is one of the ilk and manages to connect the two major cities of the state of Gujarat, Ahmedabad and Gandhinagar.
Ahmedabad is the industrial, financial and commercial epicenter of the state. The state of affairs is so because this city was the previous capital of the state and was already developed when the British came to roost here. The city of Gandhinagar is the present capital and as such is the administrative heart of the state.
Salient features of Investment
The highway which connects the two cities would have to be one of the most sought after places in the vicinity of both cities. The residential and commercial projects which are coming up along the two flanks of the road are some of the prestigious. There are many developers buying up parcels of land to begin the construction also. The investment value of the area has doubled over the recent period, but the prices are still lower than the other areas in the vicinity. The main reason for this is that the developers are still bringing up the projects and there are ample areas of land still left.
The returns for the investment are manifold. The first is for the developers who will have a barrage of occupancy requests in the immediate future, then come the end users who will buy the properties either to live there or to use it as an investment for the future. When some time has passed they will get appreciated land prices like nothing before. Almost 60% of the investors are the home buyers segment and the rest are the hardcore investment seekers. It is not just the residents, who are buying in, but also NRIs and people from other cities and states too. Ahmedabad was voted as one of the best places to live in.
Reasons for popularity
The main reason for the popularity of the S.G. Highways is because of the connectivity it provides to the two main cities as mentioned before. They are the main industrial hubs of the state. There are many companies and manufacturing plants where the employees number in the thousands. To accommodate them, S.G. Highway offers the perfect location, which is both prime area as well as with extremely good connectivity. There are also commercial opportunities which are waiting for the right explorers. Many top international automobile brands have set up their showrooms along the highway and managed to get prime locations. There are also major shopping malls and commercial complexes which have popped up recently to supplement that.
Real Estate implications
With 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 lower than elsewhere, they will not stay the same forever. With every day that passes, the prices increase and there are better opportunities awaiting the investors. Current capital investment in apartments would cost about Rs.4033 per sq ft and plots in SG Highway would be around Rs.34478 per sq yard.
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