Vaishnodevi Circle for Affordable Real Estate in Ahmedabad

1
Vaishnodevi Circle for Affordable Real Estate in
Ahmedabad
2
An increasingly popular destination at which to
purchase real estate in Ahmedabad is Vaishnodevi
Circle, the locality lies nearly central to both
Ahmedabad and Gandhinagar and is a popular real
estate destination for homebuyers keen to
purchase apartments in Ahmedabad. As the locality
is situated near the SG Highway which is itself
the backdrop of a great deal of real estate
development, Vaishnodevi Circle is center stage
to a number of affordable upcoming projects in
Ahmedabad.
3
For homebuyers with a limited budget, Vaishnodevi
Circle offers the opportunity to own real estate
in Ahmedabad priced close to 50 lakhs. Homebuyers
here can purchase a 2 bedroom apartment for a
little over 35 lakhs, the size of the flat in
question is a little more than 1000 square feet
and the value of the development housing the
flats has already appreciated by 20 percent over
the past 40 months. Though many experts claim
that real estate in Ahmedabad is driven largely
by investors and less by end users, this dynamic
may be slowly shifting in favor of end users as
localities such as Vaishnodevi and others
clustered around the SG Highway gain in
prominence. Projects in Ahmedabad at and near the
SG Highway offer buyers a wide variety of homes
and much of the property in the locality is
inexpensive and largely a good investment due to
good connectivity with the large center of
commerce Ahmedabad, and the seat of power and
state capital Gandhinagar.
4
Vaishnodevi Circle scores encouragingly on the
livability index and has good physical and social
infrastructure making it an attractive and
affordable destination for end users. As the
locality is a node of the larger city,
Vaishnodevi Circle may offer less variety to
buyers keen to own luxury apartments in
Ahmedabad. Though such developments are present
at the locality and many units at such
developments are priced as luxury apartments are
expected to be priced, the locality may be better
known as one more accommodative to buyers keen to
own affordable apartments in Ahmedabad. However
the scale of the luxury apartments at Vaishnodevi
Circle deserves a special mention as much of the
luxury apartments at the locality are spacious
when compared to those priced similarly at many
other developments across the country.
5
Perhaps the resilience of real estate in
Ahmedabad is well reflected by the rise in the
value of apartments at Vaishnodevi Circle, the
same have appreciated in value by nearly 12 over
the past 3 years and thought the rise in prices
has been less  gradual, rather tending to sudden
upward spurts in price, considering that it is a
relatively inexpensive market with price per
square foot at less than 3,500 rupees it may peek
an interest among end users as well as
speculators due to its widely acknowledged
popularity as a upcoming real estate destination.

There are today over 20 development at
Vaishnodevi Circle that are either completed or
in various stages of development, the locality
may be one of the few upcoming developments in
Ahmedabad where there are a larger number of
developments under construction than are
currently standing. If real estate in Ahmedabad
is a sellers market, then such a larger
proportion of upcoming developments may bode well
for the locality.