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Business News/ Money / Calculators/  Expanding residential footprint
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Expanding residential footprint

The availability of sizeable land parcels at a lower price compared to other parts of the city and construction of the SP Ring Road (in 2006) have led to considerable residential development in Ahmedabad's eastern and south-eastern micro market

Ajit Solanki/MintPremium
Ajit Solanki/Mint

Considered as an industrial hub of Ahmedabad, the eastern and south-eastern micro market, in the past few years, has started gaining prominence as an affordable housing region. The availability of sizeable land parcels at a lower price compared to other parts of the city and construction of the SP Ring Road (in 2006) have led to considerable residential development here. A Bus Rapid Transit System route that connects Narol to Odhav and Naroda via Jashodanagar and Sonini Challi has improved connectivity of the micro-market with other parts of the city. The demand for residential units in this micro-market arises from both end-users as well as investors. Investors from nearby districts and other cities of Gujarat as well as from Mumbai propel demand in this region.

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Published: 04 Oct 2015, 09:06 PM IST
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