Gujarat

The western state of Gujarat is surrounded by Pakistan in the north and by the Arabian sea in the west and southwest. In the north east it is surrounded by Rajasthan and by Madhya Pradesh in the east. Gujarat is one of the most industrialized states of India as 20% of the country's industrial output comes from this state. The state is famous for its vastly rich culture. The state is home to some well known cities like Ahmedabad, Vadodara, Gandhinagar, Surat, Jamnagar, Rajkot, Bhavnagar, Champaner, Mandvi etc. Ahmadabad is the sixth largest city of India and is known for its enterprising people. It is also known as the commercial capital of the state. Surat is also an important city and popularly known as "Silk city'' or ''Diamond city''. Vadodara is the cultural city and also known as the most cosmopolitan city of Gujarat. Other important cities are Anand, Ankleshwar, and Nadiad, Bhuj, Saurashtra etc.

Real Estate Scenario
Gujarat has seen major changes and developments since its inception. Though the transformation of Gujarat has been slow but it is steady and as a result of that you can see large, glitzy buildings, shopping malls, complexes all around the state. During the period 1960-90, the state witnessed continuous growth in different sectors and real estate is one of them. The property market in Gujarat has splendid development prospects and is increasing by leaps and bounds. The industrialization of the state has helped the real estate sector to groom in different cities. The cost of real estate properties in the cities like Ahmadabad, Gandhinagar, Vadodara, Surat etc are very encouraging and these are the most favorite destinations for investment in this sector.

Industrial Real Estate
If Gujarat were a nation, it would have been the 67th richest nation of the world as the per-capita GDP of this state is 3.2 times more than the average per-capita GDP of India. This single figure tells the entire story about the state's prosperity and developments. The big names from different industries like petroleum, textile, engineering, chemicals, dairy etc have been running one or more units for last some years and those who haven't opened yet are in line to grasp the opportunity. Gujarat holds some substantial percentage in economic development of India. It produces 20% of India's industrial output, 22% of its exports, 9% of its mineral production, 24% of its textile production, 35% of India's pharmaceutical products, and 15% petrochemical production. These figures constitute a handsome percentage and represent the domination of state in industrial sector.

Residential Real Estate
The scenario of residential real estate is very encouraging for the real estate developers. The continuously increasing prices are a very good sign for them. Some big developers, such as DLF, Rahejas, Parsvnath are working in the different cities for quite some time and are engaged in some major projects to build townships, and residential colonies. The demand of residential spaces in Gujarat is very high in the urban areas and it is increasing rapidly. The cost of residential properties has manifolded in the last four-five years. The prices of residential properties in the big cities like Ahmadabad, Gandhinagar, Anand, Surat and other main towns are very high. Gujarat government is also very keen to attract investors from all over the country and outsides. They are making policies suitable for real estate developers and providing adequate security and other facilities.

Commercial Real Estate
Gujarat has very good potential for the commercial real estate sector. The mall culture has already spread in the major cities like Ahmadabad, Gandhinagar, Vadodara, Surat etc and the smaller towns are also seeing the rise of this sector. The luxury hotels, multi-storeyed buildings, splendid malls, shopping complexes are the real scenario of the commercial development of big cities of Gujarat. The retail industry is also witnessing major surge as some big names like Reliance retail, Pantaloons, and Bharti have decided to open their outlets across all important cities.