Property market looking up

admin — Fri, 31 Jul 2009 23:48:00 +0000

Boasting an area of 400 sq.kms. and a budding population of more than 18 lakhs this city of Gujarat state is set for an important role in the growing economy and commerce of Gujrat.
Having basked in Royalty and Regality in the pre-independence era, the present Vadodara is now ready to welcome all modernity in the form of industry, commerce, and a solid Infrastructure and healthy real estate growth.
Being a highly literate city in the state, it shows an eagerness and hunger for development. This is making a bigway for real estate.
Although it was reeling under recession for a few years, things are improving promisingly, with the trend leaning heavily on real estate. Prices of property are gradually but steadily growing and Builders are once again in Business. Inquiries regarding land are pouring in and better thoughts are being directed towards construction properties on realistic level.
With a fast growing industry, the commercial industry the commercial prices of land are sure to see an upsurge.
On a direct down payment Builders are offering 10% discount on their schemes. Here there are properties to cater to all walks of life. There are moderate and posh localities to choose from. Being a small city the prices are quite affordable compared to Delhi. Bangalore and Mumbai.
Prevailing Commercial Prices in the City Location Shops Offices
R.C.Dutta Road 4000-10,000 1000-1600
Old Padara Road 2000-3000 900-1100
Gotri road 1000-1100 700-800

An Accomplished builder results into architecture and construction value for money. To name a few the leaders in the Vadodra field are, Jairaj Builders, National Builders, the construction division of ABN., AMRO etc. Also the creations of Mr. Dhawal Patel are to be reckoned with. Especially his creations near Race course (Arundip & Gunjan)
Prevailing residential prices in the city
Location
Flats
(Rs. Per sq. feet) Bungalows
(Rs. In lakh)
Gotri road 800-1400 10-30 lakh
Akota Stadium 800-1400 10-50 lakh
Shubhanpura 900-1400 10-25 lakh
Vasana Road 800-1200 8-25 lakh
Manjalpur 700-1500 10-25 lakh
Tandalja Road 800-1200 8-25 lakh
Tarsali Road 700-1200 8-30 lakh
Nizampura 800-1400 10-40 lakh
Sama 800-1400 10-25 lakh
Kareli Baug 500-1200 5-60 lakh
Fateh Gunj 1100-1400 12-50 lakh

The Industries those have a strong foothold in Vadodara :-
Indian Petrochemical Corporation Ltd.
Gujarat State Fertilizers Corporation.
Gujarat Refineries
Gujarat Alkalies & Chemicals Ltd.
Petrofils Co-operative
Gujarat Electronic & Communications Ltd.
Industrial Giant
Alembic Chemicals
Jyoti Ltd.
ABB Ltd.
FAG India Ltd.
ABS Plaster
Prevailing real estate prices in the industrial areas of Vadodara
Location Rate (Rs. Per sq.ft.)
Gorva Estate 200-400
Vishwamitiri 200-300
Makarpura 200-400
Nandesari 100-200

Major industrial areas
Gorva
Vishwamitri
Markapuri
Nandisari
Unlike other cities in Gujarat, which are predominantly Gujarat culture, Vadodara differs this with a cosmopolitan cuture. Making this city more inviting diversified culture for settlement.
Vadodara offers tourism opportunities. This city has a historical value and monuments of the era to prove it. The Royal Family of Gaekwards, the early rulers of Vadodara have left their mark on the city. The status of Sayajira Gaekwad at the entrance of Sayaji Baug stands a mute testimony to the splendor. Grandeur of the Baug, consisting of a zoo, museum, art Gallery planetarium and unique children’s train. The planetarium has a capacity of Zoo. English., Hindi, Gujarati are the prevailing languages on the show.
Laxmi vilas Palace the residence of then Gaekwads in designed in Indo-Saracenic style. It was built by Maharaja Sayajirao III in 1890. In 1894 began the work on Vadodara Museum and it as completed in 1904.
Highlighting the Hindu Military Architecture, a 13th century Fort, stands a testimony to the strategic military knowledge of that era.
Besides an ISKON temple on Gotri Road at the lost of 3 crores, there is Aksar Purshottam Temple, Alladra Rly, Vrajdham Mandir on Manjalpra Road and Vaishev Haveli. Thus paving a way for tourism.
Vadodara is all ready and geared up to live to its reputation to cater to all needs.

Accommodation Times » Vadodara

Property market looking up