Celebrated as the 3rd largest city in Gujarat next to Ahmedabad and Surat, Vadodara is making major breaks in the real estate sector, as the cultural city of Gujarat. It’s experiencing enormous growth as an IT hub and the property search is steaming hot in the area. It also helps that the city is a renowned location for stellar education and attracts students from surrounding areas and abroad. Therefore, the market for residential and commercial developments is on the rise and performing well above the standard.
The commercial value of Vadodara is extremely gracious due to its connection to high performing cities such as Mumbai and Delhi by rail, air and road. Commonly referred to as the ‘Gateway to the Golden Quadrilateral’, the city is sparking new and innovative building projects on almost every block. In addition, the rapid and consistent growth in the real estate venue is partially due to the surge in the industrial and economic happenings in the city. Builders recognize the potential for growth in development and in turn, they are erecting projects to echo the spontaneity of those who are moving to the area. Buyers want convenience, luxury and affordability and this is exactly what the builders are bringing to the city of Vadodara.
Many large scale industries and service venues currently operate in the city such as Gujrat Alkalies and Chemical Ltd., Indian Petrochemicals Corporation Ltd. and many others that are existing and on the horizon. The value of the city that presents high industrial presence has greatly increased as the erection of hotels, gated residential communities, specialty townships and residential spaces. The demand for these contemporary structures gets higher and higher by the day and therefore, builders in Vadodara are finding this to be a primary location to introduce new structures of accommodation.
Builders have become major players in the real estate sector of Vadodara, as the city has several locations that are primary contenders for property investment. Commercial, residential and developmental real estate is widely available and aggressively solicited. The city has proven to be a prime location for investments in real estate and it has a large availability of luxury living accommodations and contemporary commercial venues. Vadodara is one of the fastest growing cities in the country and is highly regarded for its cosmopolitan, industrialization and academic appeal.