Even amidst the current economic meltdown, the city still seems to hold its own charm in attracting investments and offering lucrative return on investments. According to a report released by Jones Lang LaSalle Meghraj, a real estate consulting firm, Ahmedabad still holds potential for real estate investment.
The report attributes real estate potential in the current circumstances to expected economic activity with the arrival of the Tata Nano project, which will definitely boost the value of real estate in and around the corridor of Sanand. Moreover, it also points out key drivers for better scope of real estate investment in residential properties like upcoming Nano plant, Delhi-Mumbai Investment Corridor (DMIC), good road connectivity, good land availability and low land prices of around Rs 650 per sq ft.
Among the developers active include Pacifica Companies, Sahara, Savvy Infrastructure and Safal.