Reasons why Ahmedabad is turning into an investment hotspot for the NRIs

Real estate investment is undoubtedly one of the smartest investment decisions one can make. The real estate pays off high returns, making it one of the most popular avenues for investment.

Ever since the economic liberalization in India, several NRIs have endeavoured to invest in a property in their home country. And to support them the government also introduces several schemes attracting such investment from time to time.

However, the question on most people’s mind is that should you invest in prime locations? Or should one get a house away from the city and what are the best places to buy a property?

According to a recent study from money control, over 78% of NRIs wish to invest in property in their hometown. The major reason for this seems to be the sense of security they get. Ahmedabad has emerged as one such friendly hotspot for investors and here are a few reasons why you should consider investing in Ahmedabad.

More Affordable Options: Because of the rapid infrastructural growth in Ahmedabad, many new opportunities are pouring in every day. Many parts of the city are experiencing massive development in the residential sector, providing luxurious apartments both within and on the outskirts of the city. The influx of major companies setting up their offices in Ahmedabad has also spiked development making it the prime location where NRIs can receive steady returns.

Good Economic Growth: With the proposed bullet train between Mumbai and Ahmedabad you can expect a super-fast and convenient commute to the economic capital of the nation – Mumbai. This will expand several possibilities including cheaper housing, industrial units and logistics hubs on the route of the train. This will eventually help in economic growth in the city which has been quite sluggish since the past few quarters. It will also open up many avenues in the smaller cities and towns, attracting new amenities and investments.

Architectural Delight: Ahmedabad’s architecture ranges from ancient history to modern architecture. Along with the Mughal architecture, modern-day architecture can be seen. Such a beautiful mix of the past and present make this a beautiful city for property investment.

History of Trade and Commerce: Excellent connectivity around the city and infrastructure in terms of roads, expressways, metro projects has reinforced its growth trajectory. Many organizations are choosing Ahmedabad as their base because of the consistent supply of electricity and water. The cost of doing business is quite less in Ahmedabad compared to other cities; this is an attractive factor for the NRIs to look at when they plan to move back to India in the future.

Investor-Friendly: Ahmedabad is amongst the few cities in India that not only has an investor-friendly atmosphere but also has a large number of investors. Private investors dominate the city and have an active investor base that is flourishing the real estate market in the city.

Industrious spirit: Being one of the largest city in Gujarat, Ahmedabad is known for its industrious spirit and many thousand migrants come to the city to earn a living, considerably drawing the demand for housing. Many development projects such as Metro train, GUFT city and Golden Quadrilateral have significantly contributed to the investment climate in Ahmedabad. Plus the government support and friendly neighbourhood make it one of the favourite place for real estate investment.

All in all, Ahmedabad is a promising hotspot for those looking for spacious and luxurious homes to support the modern lifestyle. Kailash Rejoice 2 and Kailash Shivalay are good options for the NRIs to consider. Located at the heart of Ahmedabad, it offers a modern-day living and development that investors can look forward to. Make the most of the investment benefits in this smart city as it is heading towards significant real estate growth.

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