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Residential Localities Top 10 Localities | Ahmedabad Magicbricks Prime Demand Drivers Top Localities QoQ YoY The most affordable TIER I City of Western India Micro Market Rank Avg. Price Change Change SG Highway 1 4,614 0.4% 11% Ahmedabad, one of the major cities in India, is a thriving real estate Bopal 2 5,151 0.4% 12% market. If you are looking to buy a home in Ahmedabad, take a quick Satellite 3 6,003 1.7% 10% look at 10 of the most preferred localities of the city and what they Narol Naroda Road 4 3,061 -0.2% 10% are offering. Prahlad Nagar 5 4,460 -2.1% 5% Motera 6 3,638 1.3% 14% According to PropIndex, the residential real estate report recently Chandkheda 7 3,386 2.7% 18% released by Magicbricks, Bopal, Satellite, SG Highway, Chimanlal Girdharlal Road (CG Road), Prahlad Nagar, Motera, Chandkheda, Paldi-Ambadi 8 5,618 -0.6% 0% Narol-Naroda Road, Paldi-Ambadi and Old Ahmedabad are the top C G Road 9 5,995 2.4% 2% 10 most searched localities in Q4 2019. Old Ahmedabad 10 7,234 3.6% 17% Note: Represents average locality prices in INR psf, with changes in prices in the last quarter (Q4 2019) and last one year ( 2019) Source: Magicbricks Research Magicbricks Research Analysis SG Highway | INR 2,730 - Rs 7,720 per sq ft. Bopal | INR 3,040 - Rs 8,650 per sq ft. Sarkhej-Gandhinagar (SG) Highway not only connects Ahmedabad to Bopal is a well-developed area on the western edge of Ahmedabad Gandhinagar but also gives connectivity to various localities within along Sardar Patel Ring Road. It is a fast-growing residential area the city. with multi-story apartments and villa projects. Demand Drivers - Robust residential and industrial development Demand Drivers - IT hubs such as Pinnacle Business Park, Synergy along the highway. Tower, Sanand automobile hub within 10 kms of Bopal. Key Developers | Godrej Properties, Swagath Infrastructure, Maruthi Key Developers | JP Iscon, Pacifica, Ravi Developers, and Binori Group, Avakar constructions, and Adani Realty. Buildcon are some of the major developers in the area. Bopal Chandkheda Narol Naroda Road Paldi-Ambadi Satellite Null C G Road Motera Old Ahmedabad Prahlad Nagar SG Highway Motera SG Highway Narol Naroda Road © OpenStreetMap contributors Note: Above map highlights the top 10 localities of the city, with the size of the bubble depicting demand (consumer preference) for properties in the localities on Magicbricks website in 2019 Source: Magicbricks Research © magicbricks.com Page 1 Top 10 Localities | Ahmedabad Magicbricks Satellite | INR 4,710 - Rs 7,350 per sq ft. Narol-Naroda Road | INR 1,800 - Rs 5,750 per sq ft. One of the expensive and well-developed localities of Ahmedabad. It is a 15 km stretch from Narolgam to Naroda with great infra Satellite gets its connectivity from SG Highway and 132 feet Ring alongside. Maninagar, Naroda, and Narolgram are the key localities Road. here. Demand Drivers - Proximity to Parhlad Nagar and fair connectivity to Demand Drivers - Along the stretch, the presence of numerous the rest of the city. temples, banks and retail is driving demand here Key Developers | Venus Infrastructure, Vishwanath Realtor, Key Developers | Mitsumi Infrastructure along with a number of Aaryabhumi Developers, and Shivalik Group. smaller developers are active here Prahlad Nagar | INR 3,270 - Rs 6,800 per sq ft. Motera | INR 2,700 - Rs 4,560 per sq ft. Prahlad Nagar is the most prominent and classy area situated to the Motera is an under development locality, which until 2008, was part west of Ahmedabad. of Gandhinagar zone but later was transferred under the jurisdiction of Ahmedabad Municipal Corporation (AMC). Demand Drivers - Superior connectivity to inner and outer parts of the city through SG Highway, Sardar Patel Ring Road and 132 Feet Ring Demand Drivers - Easy accessibility to renowed schools & shopping Road (NH 228). Also one of the city's major office hub. malls, with various plastic & metal work-based industries nearby Key Developers | Goyal Co, Pacifica Builders, and Maruti Key Developers | Savvy Infrastructures, Ratnam Corporation, Infrastructure have a number of projects in this region. Ratnakar Infrabuild, Soham Group, Setu and Devnandan Builders. Chandkheda | INR 2,900 - Rs 4,600 per sq ft. Paldi-Ambawadi | Rs 3,430 - Rs 7,350 per sq ft. A commercial and residential locality of Ahmedabad, it is a Paldi-Ambawadi locality is situated close to IIM Road and Vasna Road, well-planned suburb with BRTS connectivity and offers a mix of multi-storey apartments, villas, independent houses, and residential plots. Demand Drivers - Various Shopping complexes and renowned companies like TCS, Amar Infotech, ONGC are in the neighborhood. Demand Drivers - Availability of physical and social infrastructure Also proposed to have a metro station by 2025. such as wide roads, schools, public transport, hospitals, banks, malls. Key Developers | Ashapura Buildcon, Godrej Properties, Madhuram Key Developers | Addor Group, Mann Infrastructure, Sun Builders, Buildcon, Saral Infrastructure, and Sangath IPL. KunvarjiInfra Properties . CG Road | INR 3,040 - Rs 8,650 per sq ft. Old Ahmedabad | INR 5,850 - Rs 8,500 per sq ft. Chimanlal Girdharlal Road, also known as CG road, is the financial hub D Colony, Dhaval, Girdhar Nagar, Raikhad, Kalyan Nagar, Shah Colony, of Ahmedabad housing street jewelers, stockbrokers, and other Kadiawad, Kalapi Nagar, Panchvati, and Shahibaug are some of the financial Intermediates. prime areas in the old Ahmedabad. Demand Drivers - Prime commercial area with connectivity to malls, Demand Drivers - Connectivity to other parts of the city and proximity schools, colleges, hospitals, and hotels. to the airport, bus stand, and railway station. Key Developers | Shree Balaji Group, City Estate Management, Aeon Key Developers | Sheetal Infrastructure and Shivalik Group are the Buildcon LLP, Winsome Infrastructure and Merlin Buildcon. major developers here. For more infromation on localities in Ahmedabad, please visit: https://www.magicbricks.com/localities-in-Ahmedabad For more information and research related queries, please contact: Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Rikitha Murthy | Sr. Research Analyst [email protected] [email protected] [email protected] Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. © magicbricks.com Page 2.
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