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Ahmedabad, a commercial center, is also known as the Manchester of the East because of its once-booming textile industry and it's the largest city in the state of Gujarat. It's an important industrial center, with a good number of chemical and textile industries and the city is one of the fastest developing cities in India with large roads and notable architecture.
Ahmedabad offers unique shopping opportunities and some of the wonderful tourist places to rejuvenate the life of its residents. The city also serves as a prominent place of learning as it houses some of the premier institutes such as I.I.M.A, I.H.M, N.I.D and N.I.F.T.
The city is well connected with the rest of India so a property investment in this place will be hugely profitable one. Due to the emergence of India as an across the board low cost base, property investment in any city of India is attractive enough for Non-Resident Indians (NRIs) and multinationals to relocate in the country.
Foreign investments in Ahmedabad is highly advisable as it'll make you earn high return on investments, as the FDI policies in India are among the most liberal and attractive in emerging economies. So, invest in Ahmedabad, India and be a part of one of the most promising economy.
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Ahmedabad: Scores of affordable homes, costing about Rs25 lakh each, may soon settle in Ahmedabad, in what could be the most ambitious business foray the city has ever seen.
The homes will be developed as part of a Rs5,000 crore project --spread across 300 lakh sq ft -- planned by Godrej Properties, a real estate vertical of the Godrej group. Adi Godrej, the Godrej Group chairman, said that the construction for the project would begin soon.Industry experts believe that when the project materialises, it will be the largest ever of its kind in Ahmedabad. Till now, the Rs1,000 crore residential project of the Sahara City Homes represents the city's biggest township project.
Godrej, who visited the city to preside over the Nirma university convocation, told DNA, "Considering the demand for affordable homes in Gujarat, Godrej will develop a huge residential project." He said his company had signed an MoU with the state government for the project during the Vibrant Gujarat summit.
Godrej said the project would incorporate commercial and retail complexes. "We will go for private land acquisition and ensure that the project will come under the Ahmedabad Municipal Corporation (AMC) area between Ahmedabad and Gandhinagar," Godrej said.
In the Vibrant Gujarat Summit 2009, the company had signed an MoU for developing integrated mixed-use township project in Ahmedabad. "We want to offer houses for around Rs25 lakh," Godrej said. As for the funding for the project, Godrej said, "Most of funding will come through bookings and the rest will be financed through internal accruals."
