Ahmedabad Monthly Real Estate Monitor May 2017 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, June 04, 2017

Ahmedabad Monthly Real Estate Monitor May 2017


Ahmedabad Monthly Real Estate Monitor May 2017

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

Office

During the month of April, Ahmedabad office market saw notable transactions activity. Occupiers from IT/ITeSand SMEs drove the demand for quality offices. Gift City continued witnessing large space transactions. No rental movement was seen during the month.

Important office transactions include:

•TCS leased space in GIFT City 

Key Precincts
Rental Value (INR per sqft per month)
Capital Value(INR per sq ft)
Prahlad Nagar
40 -50
6000 -7500
S G Highway
40 -50
6000 -7500
Ashram Road
38 –45
5500 –6500
Navarangpura
40 –45
5500 –6500
Koba
22 –35
4000 –5000

Retail

Retail transactions were concluded both in high street spaces and organised retail malls.

The month witnessed large space transactions in suburbs from consumer durable and fashion wear categories.

Important Transactions:

•Westside and Cromaboth in suburbs submarket

Key Precincts
Rental Value (INR per sqft per month)
Capital Value(INR per sq ft)
CG Road
100 -125
16000 -18000
SG Highway
80 -110
11000 -13000
Ashram Road
110 -130
14000 -16000
Chandkheda-Motera
60 –80
9000 -12000
Prahladnagar
70-120
18000 -22000

Residential

During the month, residential sales were tepid however the sentiments slightly improved. Unsold inventory in the projects in and around SG Highway remained high.

Key Precincts
Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)
Capital Value(INR per sq ft)
Naroda
4000 -6000
2200 -2500
Gota
5000 -8000
2500 -2800
Navrangpura
15000 -20000
6000 -7000
SG Highway
10000 -15000
5500 -7500
Satellite
12000 -15000
4000 -6000
South Bopal
8000 -12000
3000 -4000


Policy/ Infrastructure

Phase 2 of the Metro-Link Express For Gandhinagar-Ahmedabad (MEGA), a detailed project report (DPR) of which will soon be sent to the state government for approval, has two branches, one from RaysanCrossroads to Gift City and the second connecting Moteraand the Ahmedabad Airport.



Ahmedabad Monthly Real Estate Monitor May 2017 Reviewed by S. Chitra on June 04, 2017 Rating: 5 Ahmedabad Monthly Real Estate Monitor May 2017 DATA ANALYSIS FOR THE MONTH OF APRIL 2017 Office During the month of April, A...

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