Gandhinagar

Gandhinagar, named after Mahatma Gandhi, is the new capital of Gujarat. It is one of the planned cities of India. It is situated on the west bank of the river Sabarmati. The city is considered to be the commercial and cultural heart of the state.

The metros and other big cities in India are about to reach the saturation level in terms of real estate developments. The prices of properties here have gone so high that the real estate developers are searching for smaller towns, which are yet to flourish and where the prices of lands are affordable. Gandhinagar is one such emerging city that got the potential to become a real estate hub.

Real Estate Scenario
From the time Gandhinagar became the capital, the city's real estate development has shown major transformation. It is an extremely organized and well-planned city having wide open green parks, and extensive planting. The large recreational area along the side of Sabarmati provides it a lush green garden-city environment, which entices and allures most builders to look up to the city to build residential complexes and societies.

Gujarat is likely to become the next IT center in coming years and Gandhinagar is likely to play an important part. The prominent companies in the field of software, BPO, IT/ITES are lining up to open their units in the city. The major property developers like DLF, Raheja and others are looking to build IT parks. The demand of real estate properties is on a high and is likely to rise in coming time.

The demand for residential property in Gandhinagar is continuously increasing and this trend will follow for the next few years. Property prices in the residential segments has seen a major upsurge in recent times in Gandhinagar. The mall culture is also spreading its arm here. The rising incomes and high end living are the factors boosting the commercial real estate properties. The retail sector is also moving ahead.

Upcoming Projects

• Due to its proximity and good connectivity to Ahmadabad, Anand and Vadodara the city is gaining popularity. The real estate developers are looking to the road connecting Gandhinagar to Ahmadabad airport. Their plan is to open hotels, educational /research institutions, IT facilities and other similar facilities on this route.
  
  
• The Sarkhej-Gandhinagar Highway (popularly called S. G. road), connecting Ahmadabad to Gandhinagar, is a major route for commerce and public transport. This route is going through some major construction processes, which saw hike in property prices in nearby locations.
  
  
• DLF, the real estate giant,has decided to construct an IT park near Gandhinagar for which they have bought a land.
  
  
• Raheja Group will also develop another IT park near Gandhinagar with an investment of about Rs. 3,000 million.
  
  
• The progressive scenario of real estate in Gandhinagar has allured some other real estate biggies. Emmar group is one of them. They are talking to the state government to open an IT park.
  
  
• AVS Developers has decided to build a residential complex at Koba, Gandhinagar.

SEZ Development
Planning of some SEZs development are also under progress.

• Adani Infotech is also planning to set up an IT SEZ covering an area of 50 acres. It will require an investment of Rs. 4,000 million.
  
  
• Ganesh Housing has also decided to develop an IT SEZ for which they have identified an area of 120 acres in Gandhinagar.
  
  
• Kalika Construction will invest Rs. 3,500 million for the development of an IT SEZ near Gandhinagar.

Educational Hub of Gujarat
Gujarat government has decided to establish a knowledge corridor in Gandhinagar. As a result of it, the recent years have seen the establishment of some big institutes. These institutes are renowned names in their respective fields. The development of these institutes required large amount of spaces and it helped increase the prices of real estate properties at nearby locations of Gandhinagar. Some major institutes which are already operating or are yet to open are:

• National Institute of Fashion Technology
• National Institute of Design
• Dhirubhai Ambani Institute of Information and Communication Technology
• Gujarat National Law University
• Institute for Plasma Research