NRIs Looking for Luxury Housing in Satellite Ahmedabad
Ahmadabad has already been the cost-conscious real estate market which is dominated by both mid and mass segment housing. Suddenly, it has seen lots of luxury projects to be launched in various areas like Satellite. In addition, this change has happened recently and the overall market is in the middle of slowdown in the state. Small yet tremendous set of buyers are actually non resident Indians who are the main reason behind significant demand. According to the report, over 52.7% of non-resident Indians are witnessing significant returns and going to settle here with huge amount of investment all set to be in real estate.
After getting introduced to luxurious living across the world, NRIs would definitely look for the same experience at their home. NRI’s are looking to fuel up the luxurious housing market in the state of Gujarat. In particular, Ahmadabad is being tipped as an ever growing global city and most of the NRIs from Gujarat are looking to settle here. According to Neeraj Tomar, the new launches will lead Ahmadabad’s Satellite to grow significantly. Especially near the BRTS corridor, Satellite Road to SP Ring Road and R2 Zone, the new launches will see a lot of new projects to be launched. These projects will have a lot of luxury specifications, when compared to earlier projects where luxury was judged on space.
For NRIs, Ahmadabad is one of the most anticipated cities of Gujarat who want to buy residential spaces for both investment and residential purpose. The city has 2-3 world-class township projects that really meet the definition of luxury and are classy. But they are still the second or weekend homes. NRIs invest a lot of money in residential, commercial and plotted projects and their sole purpose is returns on their investment.
According to Dhaval Ajmera, Ajmera Realty & Infra, when it comes to future potential, Ahmadabad is all set to become the leading real estate destination in India, when it comes to planned and on-going real estate developments, infrastructure projects, and connectivity to cities and industrialization. A lot of real estate developers are expected to launch luxury projects in the city.
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